Sixth Street Archives

Sixth Street Leads $1.8B in New Capital to Refinance Maturing Loans for Equinox Group

Equinox Group secured approximately $1.8 billion in new capital to refinance maturing loans. Sixth Street led the transaction as a new investor along with Silver Lake. Equinox also secured a new revolving credit facility from Goldman Sachs, Morgan Stanley and J.P. Morgan.

Goldman Sachs Sells GreenSky to Sixth Street-Led Consortium

Goldman Sachs entered into an agreement to sell its GreenSky platform and associated loan assets to a consortium of institutional investors led by Sixth Street. The transaction is expected to close in Q1/24, subject to standard closing conditions.

TIAA Completes Sale of TIAA Bank; Bank Officially Returns to EverBank Brand Name

TIAA completed the sale of TIAA Bank to private investors with experience in financial services and will now officially begin operating once more as EverBank under a new national bank charter. Terms of the transaction are not being disclosed.

Sixth Street Adds Salisbury as Partner and Co-Chief Investment Officer

Julian Salisbury will become a partner of the global investment firm Sixth Street and serve as co-chief investment officer alongside CEO Alan Waxman and Co-President Joshua Easterly. Salisbury is expected to start in early 2024.

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.

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.

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.

Sixth Street Delivers $500MM Term Loan to Biohaven

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

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

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