History of Sixth Street Partners in Timeline

By Popular Timelines Editorial Team · Updated: March 20, 2025

Sixth Street Partners, founded in 2009 and headquartered in San Francisco, is a global investment firm. It operates nine investment platforms, including growth investing, direct lending, infrastructure, and special situations. Their investments cover a wide range of sectors, from agriculture to public strategies. The firm focuses on generating long-term capital appreciation through diverse strategies across public and private markets.

2009: Sixth Street Established

In 2009, Sixth Street was established when CEO Alan Waxman recreated an investment platform with a strategic partnership with TPG, who committed $2 billion in funds.

May 2016: Purchase of Debt and Equity Portfolio from Credit Suisse

In May 2016, Sixth Street purchased a $1.27 billion portfolio of debt and equity investments from Credit Suisse.

2016: Investment in Spotify

In the spring of 2016, Sixth Street co-led an investment consortium that invested $1 billion in music-streaming service Spotify Ltd. through debt convertible to equity.

April 2017: Strategic Investment by Dyal Capital Partners

In April 2017, Dyal Capital Partners made a strategic minority investment valuing Sixth Street at $3.5 billion.

May 2020: Formal Independence from TPG

In May 2020, Sixth Street became formally independent from TPG with $34 billion in assets under management.

2020: Investment in Airbnb

In Spring 2020, Sixth Street co-led a $1 billion equity and debt investment in online travel marketplace Airbnb.

January 2021: Acquisition of Talcott Resolution

In January 2021, Sixth Street acquired Talcott Resolution, the former life insurance and annuity business of The Hartford, for more than $2 billion.

January 2021: Acquisition of Majority Interest in Legends Hospitality

In January 2021, Sixth Street acquired a majority interest in Legends Hospitality, a sports and live entertainment services company.

February 2021: Lawsuit Against Dyal

In February 2021, Sixth Street filed a lawsuit against Dyal, claiming that a competitor will own a stake of the firm after Dyal merges with Owl Rock and goes public.