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

By Edlyn Cardoza

November 04, 2022

  • Airbnb
  • Capital Solutions
  • FinTech
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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.

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