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.

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...

Music involves arranging sounds to create form harmony melody rhythm...

Barcelona the vibrant capital of Catalonia Spain is globally renowned...

Travel involves the movement of people between geographical locations using...