History of Sixth Street Partners in Timeline

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.

May 2021: Growth-Equity Round for Caris Life Sciences

In May 2021, Sixth Street led an $830 million growth-equity round for precision oncology company Caris Life Sciences.

June 2021: Acquisition of Stake in San Antonio Spurs

In June 2021, Sixth Street acquired a 20% stake in the San Antonio Spurs, along with Michael Dell who acquired a 10% stake.

July 2022: Acquisition of FC Barcelona Income Rights

In July 2022, Sixth Street acquired rights to 25% of FC Barcelona's income from LaLigaSportsTV over the next 25 years.

April 4, 2023: NWSL Expansion Team Awarded to Bay Area Group Led by Sixth Street

On April 4, 2023, the NWSL awarded an expansion team to a Bay Area group, with Sixth Street Partners as the lead investor.

June 1, 2023: Bay FC Name and Logo Announcement

On June 1, 2023, the name Bay FC and the logo for the new NWSL expansion team were announced.

2024: Assets Under Management Reach $75 Billion

As of 2024, Sixth Street has grown to $75 billion in assets under management (AUM).

2024: Planned Expansion Team in 2024

In 2024, the planned expansion of a new team in the American National Women's Soccer League.

Mentioned in this timeline

FC Barcelona or Bar a is a professional football club...

Barcelona is a major city located on the northeastern coast...

Music is a cultural universal involving the arrangement of sound...

Travel involves the movement of people between distant places using...