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September 01, 2020 1:41pm
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Sixth Street Closes $4.4 Billion in Flexible, Long-Term Capital to Invest in Fast-Growing Companies

  • Sixth Street Growth has partnered with market leaders including Airbnb, AvidXchange, Bloomreach, Datavant, Fullsteam, Kaseya, MDLIVE, SnapLogic, and Sprinklr, among many others
  • Firm has invested over $9 billion in more than 70 companies through its Growth franchise since inception

Sixth Street, a leading global investment firm, today announced the final close of funds totaling $4.4 billion in fresh capital to invest in fast-growing businesses through the firm’s Sixth Street Growth platform. The funds closed at their hard cap.

Sixth Street’s previous growth fund closed in 2019 with $2.2 billion in committed capital and invested in ownership stakes of market-leading software, fintech, and healthcare IT businesses including Airbnb (NASDAQ: ABNB), AvidXchange (NASDAQ: AVDX), Bloomreach, Datavant, Fullsteam, Kaseya, MDLIVE (acquired by CIGNA’s Evernorth), SnapLogic, and Sprinklr (NYSE: CXM), among others.

Sixth Street Growth targets investments in late- and mid-stage growth companies.

“Our team partners with market leaders to provide differentiated capital solutions, strategic advice, and a network of resources to promote growth across market cycles,” said Michael McGinn, Partner at Sixth Street and Co-Head of Sixth Street Growth. “We appreciate the support of our limited partners as we execute our strategy of thematically investing in fast-growing businesses with world-class management teams.”

“Today’s macroeconomic environment presents an exceptional opportunity for leadership teams with the right capital, strategy, and partners to go on offense and strategically accelerate their organic and inorganic growth,” said Bo Stanley, Partner at Sixth Street and Co-Head of Sixth Street Growth. “We look forward to utilizing the investing and operational expertise we have built across the Sixth Street platform to continue helping companies develop, fund, and achieve their individual plans for their next phases of growth.”

Earlier this year, Sixth Street announced the formation of its More than Capital (“MtC”) business to further enhance the value Sixth Street provides its current and future portfolio companies. Led by four-time CEO Jeffrey Stone, MtC provides operational expertise and value-added partnership through an in-house, growth-focused operational team and a network of former CEOs, board leaders, and senior executive advisors. MtC collaborates with management teams on strategic growth drivers, brings expertise and resources to help companies achieve operational excellence, and partners with businesses to evaluate value creation opportunities.

About Sixth Street

Sixth Street is a leading global investment firm with over $60 billion in assets under management and committed capital. Sixth Street Growth is the firm’s dedicated platform for making private investments in growth companies. The Sixth Street Growth team partners with companies and management teams to provide differentiated capital solutions to accelerate organic and inorganic growth. Sixth Street has invested over $9 billion in more than 70 companies through its Growth franchise since inception. For more information, visit www.sixthstreetgrowth.com, and follow Sixth Street on LinkedIn, Twitter, and Instagram.

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