back Back

Sixth Street raises $4.4b to invest in fast-growing companies

By Edlyn Cardoza

November 04, 2022

  • Airbnb
  • Capital Solutions
  • FinTech

Sixth Street, More than Capital, Sixth Street Growth Platform, Capital Solutions, USASixth Street, a global investment firm, announced the final close of funds totalling $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.

“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.”

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, AvidXchange, Bloomreach, Datavant, Fullsteam, Kaseya, MDLIVE, SnapLogic, and Sprinklr, among others.

“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, the investment firm 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.

Previous Article

November 04, 2022

Thunes partners with Saudi Arabia’s Enjaz Payment Services

Read More
Next Article

November 04, 2022

Fintech Galaxy receives license to become the first central bank regulated Open Finance platform

Read More

IBSi Daily News Analysis


February 23, 2024


Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 22, 2024

Revolut launches Robo-Advisor to automate investment processes

Read More

February 19, 2024

Saudi Arabia’s SNB Capital teams up with FinTech Malaa Technologies

Read More

February 19, 2024

Spare8 taps EbixCash’s MoneyWare to power Digital Gold Investment offering

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023