TIAA to Sell TIAA Bank to New Investors

TIAA entered into a definitive agreement to sell TIAA Bank to new investors with experience in financial services, including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management.

November 8, 2022 Bayview Asset Management | Cleary Gottlieb Steen & Hamilton | David Nason | Davis Polk & Wardwell | Goldman Sachs | J.P. Morgan Securities | Jefferies | Nuveen | Reverence Capital Partners | Simpson Thacher & Bartlett | Sixth Street | Steve Fischer | Stone Point Capital | TIAA | TIAA Bank | Wachtell Lipton Rosen & Katz | Warburg Pincus Ian Koplin

Sixth Street Forms Structured Products Business, Dryden to Lead

Sixth Street, an investment firm with more than $60 billion in assets under management, formed a dedicated structured products business. Michael Dryden, formerly of Credit Suisse, joined Sixth Street as a partner to lead the expansion.

March 30, 2022 A. Michael Muscolino | Michael Dryden | Sixth Street Ian Koplin

Sixth Street Closes Second Fund for Direct Lending in Europe at $1.23B Hard Cap

Sixth Street closed its second fund dedicated to direct lending for middle market and growth companies across Europe. Sixth Street Specialty Lending Europe II (SLE II) reached its hard cap with €1 billion ($1.23 billion) in equity commitments.

January 8, 2021 Direct Lending | Joshua Easterly | Michael Griffin | Sixth Street | Sixth Street Specialty Lending | Sixth Street Specialty Lending Europe II Phil Neuffer

PIMCO, Davidson Kempner, Sixth Street Provide $750MM in Exit Financing to Neiman Marcus

Neiman Marcus emerged from voluntary Chapter 11 protection. The company’s new owners, including PIMCO, Davidson Kempner Capital Management and Sixth Street, are funding a $750 million exit financing package.

September 28, 2020 Bank of America | Berkeley Research Group | Davidson Kempner Capital Management | Ducera Partners | Geoffroy van Raemdonck | Houlihan Lokey | Kirkland & Ellis | Kris Miller | Lazard | Meka Millstone-Shroff | Neiman Marcus | Pamela Edwards | Pathlight | Paul Weiss Rifkind Wharton & Garrison | Pauline Brown | PIMCO | Scott D. Vogel | Sixth Street | Wachtell Lipton Rosen & Katz Phil Neuffer

Sixth Street Delivers $500MM Term Loan to Biohaven

Sixth Street provided a $500 million non-dilutive term loan financing facility for Biohaven Pharmaceutical.

August 10, 2020 Adam Kaye | Biohaven Pharmaceutical | Jeff Pootoolal | Sixth Street | Vijay Mohan | Vlad Coric Phil Neuffer

TPG Specialty Lending Changes Name to Sixth Street Specialty Lending

TPG Specialty Lending will change its name to Sixth Street Specialty Lending, effective June 15. The new name reflects the previously announced completion of an agreement between Sixth Street Partners and TPG to become independent, unaffiliated businesses.

June 8, 2020 Joshua Easterly | Sixth Street | Sixth Street Specialty Lending | TPG Specialty Lending Phil Neuffer