Description
Sixth Street is a global investment firm with $50 billion in assets under management. The firm operates nine investment platforms across its growth investing, adjacencies, direct lending, fundamental public strategies, infrastructure, special situations, agriculture and par liquid credit businesses. Sixth Street invests in the equity and debt of public and private companies, acquires real estate, finances infrastructure projects, and provides start-up capital to new businesses. Sixth Street has been noted in the financial media for the unusual structure of its largest fund, which is open-ended and able to hold longer-term investments.
History
Sixth Street was established in 2009 by a group of former Goldman Sachs colleagues led by Sixth Street CEO Alan Waxman. Sixth Street was formed to recreate the type of proprietary investing platform the group managed at Goldman.
Sixth Street was formed as a strategic partnership with TPG, which initially made $2 billion of their fund commitments available for investment by the Sixth Street team. While TPG had a minority stake in Sixth Street, the firms operated autonomously. TPG retained a passive minority ownership stake in Sixth Street, and the two firms became formally independent in May 2020.
