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Silver Point Specialty Lending Fund: Investor Loss Investigation

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Updated on: January 13, 2026

National investment loss lawyers KlaymanToskes is investigating potential claims on behalf of investors in Silver Point Specialty Lending Fund, a non-traded business development company (BDC), following the fund’s implementation of a 1-for-2 reverse share split and other recent developments that may impact investors.

According to the Fund’s Form 8-K, the reverse split became effective as of the close of business on December 26, 2025, and reduced outstanding shares from approximately 42,480,777 to 21,240,388. While reverse splits generally do not change an investor’s percentage ownership, they can raise important questions for investors, particularly in illiquid, non-traded alternative investments where valuation and liquidity are limited.

If your financial advisor recommended an unsuitable Business Development Company (“BDC”) based on your investment profile, or disregarded your risk-tolerance when making investment recommendations, you may be entitled to a financial recovery through FINRA arbitration.

If you suffered losses in Silver Point Specialty Lending Fund, or any other investments due to unsuitable recommendations by your brokerage firm or financial advisor, contact securities attorney Steven D. Toskes to discuss your potential recovery options at (888) 997-9956 or investigations@klaymantoskes.com for a free and confidential consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.


Silver Point Specialty Lending Fund Approves 1-for-2 Reverse Share Split

In its January 2, 2026 Form 8-K, the Fund reported that its Board approved a 1-for-2 reverse share split, where every two common shares were combined into one share, with fractional shares reduced by half. The Fund stated the reverse split did not change ownership percentage, par value, authorized shares, or voting rights.

Monthly Distribution Announced After the Reverse Split

Silver Point Specialty Lending Fund also reported that its Board declared a monthly dividend of $0.25 per share, payable January 30, 2026, to shareholders of record as of December 31, 2025.
Investors should understand that distributions in non-traded BDC structures may be affected by portfolio performance, leverage, and liquidity conditions.

Reported NAV Declines and Leverage Metrics

Public reporting regarding the Fund’s quarter ended September 30, 2025 described the following figures:

  • NAV per share: $14.53 (down from $14.70 year-over-year)
  • Aggregate NAV: $545.9 million
  • Total assets: approximately $1.06 billion
  • Total liabilities: $510.9 million, including $485.4 million in principal debt
  • Net investment income (Q3 2025): $14.2 million
  • Debt-to-equity ratio: ~0.89x (net debt-to-equity ~0.86x)

Leadership Changes and Expanded Borrowing Capacity

Public reporting also described executive and financing changes, including:

  • Edward Mulé’s resignation from executive leadership roles in December 2025
  • Anthony DiNello assuming roles including trustee, board chair, and CEO
  • An amendment increasing borrowing capacity from $100 million to $250 million

What Are the Risks of Investing in Silver Point Speciality Lending Fund?

Investing in Business Development Companies (BDCs) like Silver Point Speciality Lending Fund may carry significant risks for investors. A problem often associated with alternative investment recommendations, such as BDCs and REITs, is the high sales commissions brokers typically earn for selling these investments, which can be as high as 15%. A representative that recommends investments for the purpose of being compensated through increased commissions, and enriches themselves rather than benefiting the client, is violating securities laws

Financial professionals and their firms have a fiduciary duty to recommend suitable investments that are in their customer’s best interest. Potential conflicts of interest may arise when issuers incentivize brokers/investment advisors with substantial commissions to promote their financial products. 

Investment Losses in Silver Point Speciality Lending Fund?

Investment Losses in Silver Point Speciality Lending Fund?

Contact KlaymanToskes

Can I File a Lawsuit to Recover Losses?

To recover investment losses, you do not go through the traditional court system with a lawsuit. The only remedy is through a FINRA arbitration, a specific process designed for these types of disputes. This process involves presenting your case to a panel set by the Financial Industry Regulatory Authority (FINRA), not a courtroom. This approach is streamlined and focused on investment disputes, making it a suitable and effective way for investors to seek compensation for losses caused by financial advisors or brokerage firms.

What is a FINRA Arbitration Claim?

FINRA (the Financial Industry Regulatory Authority) is a self-regulatory organization that oversees brokers and brokerages. In the event of a dispute between an investor and their financial advisor, investors can choose to file a FINRA arbitration claim. FINRA is overseen by the Securities and Exchange Commission (“SEC”).

The arbitration process is designed to be much faster than the court system and allows both parties to present their case before a panel of arbitrators. The arbitrators will then decide how to resolve the dispute, including ordering the advisor to pay damages for any losses suffered by the investor.

If you suffered losses in Silver Point Speciality Lending Fund, or any other investments, contact attorney Steven D. Toskes, at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options.

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are signs that you should look out for if you believe you have a claim against your brokerage firm/financial advisor for unsuitable investment recommendations in Silver Point Speciality Lending Fund. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following: 

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments 
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you purchased unsuitable Silver Point Speciality Lending Fund investments through your financial advisor/brokerage firm, and suffered significant losses, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.