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Sixth Street

North America, California, United States, San Francisco

Description

Sixth Street is a prominent global investment firm headquartered in San Francisco, known for its multi-strategy approach to providing flexible capital solutions across various asset classes. With over $75 billion in assets under management, the firm deploys capital across a diverse range of strategies including Growth Equity, Capital Solutions, Direct Lending, Structured Finance, Infrastructure, Real Estate, and Credit. This broad mandate allows Sixth Street to engage with companies at different stages of their lifecycle and across a wide spectrum of industries, from sports and entertainment to healthcare and technology.

While not a traditional early-stage venture capital firm, Sixth Street's Growth Equity strategy focuses on making significant equity investments in established, high-growth companies that are often past their initial startup phases. These companies typically possess proven business models and are seeking substantial capital to accelerate expansion, fund strategic initiatives, or facilitate recapitalizations. The firm distinguishes itself by offering tailored solutions, leveraging its deep industry expertise and extensive network to support portfolio companies' long-term objectives.

For its Growth Equity investments, Sixth Street typically targets initial check sizes ranging from $50 million to $250 million. This substantial range underscores their focus on providing meaningful capital to larger, more mature enterprises rather than seed or early-stage startups. Beyond equity, their Capital Solutions and Direct Lending arms are capable of deploying even larger sums, often in the hundreds of millions or billions, through bespoke debt and hybrid financing structures. The firm's ability to provide such flexible and large-scale capital makes it a significant player in the private investment landscape, catering to a distinct segment of the market that requires substantial financial backing for continued growth and strategic development.

Investor Profile

Sixth Street has backed more than 74 startups, with 16 new investments in the last 12 months alone. The firm has led 54 rounds, about 73% of its total and boasts 17 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Debt Financing, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, The Netherlands.
  • Strong thematic focus on Software, Health Care, SaaS.
  • Led 13 rounds in the past year.
  • Typical check size: $50M – $250M.

Stage Focus

  • Private Equity (32%)
  • Debt Financing (14%)
  • Series Unknown (11%)
  • Series F (9%)
  • Series C (7%)
  • Post Ipo Debt (7%)
  • Series D (5%)
  • Series B (4%)
  • Post Ipo Equity (4%)
  • Undisclosed (1%)

Country Focus

  • United States (82%)
  • United Kingdom (7%)
  • The Netherlands (5%)
  • France (3%)
  • Canada (1%)
  • Spain (1%)

Industry Focus

  • Software
  • Health Care
  • Saas
  • Information Technology
  • Biotechnology
  • Analytics
  • Life Science
  • Fintech
  • Medical
  • Financial Services
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Sixth Street frequently co-invest with?

Goldman Sachs Asset Management
North America, New York, United States, New York
Co-Investments: 3
CA
North America, Massachusetts, United States, Boston
Co-Investments: 2
Alexandria Venture Investments
North America, California, United States, Pasadena
Co-Investments: 2
Casdin Capital
North America, New York, United States, New York
Co-Investments: 2
T. Rowe Price
North America, Maryland, United States, Baltimore
Co-Investments: 5
Insight Partners
North America, New York, United States, New York
Co-Investments: 3
Atlas Venture
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
Silver Lake
North America, California, United States, Menlo Park
Co-Investments: 3
Neuberger Berman
North America, New York, United States, New York
Co-Investments: 3
ARCH Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 2

Which angels does Sixth Street often collaborate with?

BC
North America, California, United States, San Jose
Shared Deals: 1
AW
North America, California, United States, San Jose
Shared Deals: 1
LO
North America, California, United States, Santa Clara
Shared Deals: 1
DS
North America, California, United States
Shared Deals: 1
SS
North America, California, United States
Shared Deals: 1
RS
North America, Colorado, United States, Denver
Shared Deals: 1
TB
North America, California, United States, Menlo Park
Shared Deals: 1
RS
North America, Utah, United States, Provo
Shared Deals: 1
RW
North America, California, United States, Oakland
Shared Deals: 1
BH
North America, California, United States, Palo Alto
Shared Deals: 1

What are some of recent deals done by Sixth Street?

Awardco

Lindon, Utah, United States

Awardco is a human resources technology company that specializes in employee recognition and rewards solutions.

B2BEmployee BenefitsHuman ResourcesSaaS
Series BMay 20, 2025
Amount Raised: $165,000,000
Gravitee

Lille, Nord-Pas-de-Calais, France

Gravitee is an API management platform that provides tools for API design, access, management, deployment, and security.

Developer APIsInformation TechnologySaaSSoftware
Series CMay 20, 2025
Amount Raised: $60,000,000
Luma Financial Technologies

Cincinnati, Ohio, United States

Luma is an independent multi-issue platform that provides banks and brokers and dealers an order entry system.

BankingFinancial ServicesFinTechRetail
Series CApr 16, 2025
Amount Raised: $63,000,000
Northwind Midstream Partners

Houston, Texas, United States

Nothwind's aim is to reduce emissions and treat off-spec natural gas by offering sustainable midstream services.

Oil and Gas
Debt FinancingMar 19, 2025
Amount Raised: $700,000,000
San Francisco Giants

San Francisco, California, United States

The San Francisco Giants are a Major League Baseball (MLB) team based in San Francisco, California.

Sports
Corporate RoundMar 18, 2025
Bourque Logistics

The Woodlands, Texas, United States

An independent logistics software developer and a leader in freight, truck, and rail logistics.

SoftwareSupply Chain Management
Private EquityFeb 10, 2025
Amount Raised: $100,000,000
Affirm

San Francisco, California, United States

Affirm is a financial technology services company that offers installment loans to consumers at the point of sale.

Financial ServicesFinTechLendingPayments
Post Ipo DebtDec 13, 2024
Amount Raised: $4,000,000,000
Essential Pharma Group

Egham, Surrey, United Kingdom

Essential Pharma Group an international specialty pharma company.

Private EquityDec 12, 2024
Amount Raised: $942,619,603
nChroma Bio

Boston, Massachusetts, United States

nChroma Bio is a cutting-edge biotechnology business that is developing targeted in vivo delivery systems as well as best-in-class cargo.

BiotechnologyMedicalProduct Research
Series UnknownDec 11, 2024
Amount Raised: $75,000,000
FirstLight

Albany, New York, United States

FirstLight provides fiber-optic data, Internet, data center, cloud, and voice services to enterprise and carrier customers.

DatabaseInformation TechnologyInternetTelecommunicationsTransportationWireless
Debt FinancingOct 10, 2024
Amount Raised: $120,000,000