Sixth Street Closes $4.4B Growth Fund to Invest in Fast-Growing Businesses
Sixth Street announced the close of funds totaling $4.4 billion to invest in growth companies through its Sixth Street Growth platform.
Sixth Street Growth targets investments in late- and mid-stage growth companies.
“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.
The US private equity firm, with more than $60 billion in assets under management, has doubled the size of its earlier growth fund, which closed in 2019 with $2.2 billion in committed capital.
Since inception, the firm’s growth arm has invested more than $9 billion in over 70 companies.
The firm’s investments include short-term home rental business Airbnb, which received a $1 billion injection from Sixth Street and Silver Lake in a combination of debt and equity securities in April 2020.
