Sixth Street

CEO Alan Waxman ultimately oversees investment decisions, supported by Vice Chairman R. Martin Chavez and platform-specific co-heads including Michael McGinn and Robert Stanley, who jointly run Sixth Street Growth. The firm's model pushes decision authority to the team level, seeking consensus rather than a single CIO-driven process.

Sixth Street sources deals through a cross-platform structure that allows one team to surface opportunities for another — a structured-credit team, for example, can introduce a growth-equity candidate. The firm also leverages relationships with corporate partners and sports franchises, having co-invested alongside Silver Lake, Bain Capital, and individual backers like Michael Dell.

Sixth Street deliberately blurs that line. The firm runs growth equity, direct lending, structured credit, real estate, public-markets strategies, and royalty-purchase vehicles simultaneously. Its internal principle of "cross-platform collaboration at scale" means the same institution will write a $500 million structured-finance facility for Beam Therapeutics and acquire the Park Hyatt Beaver Creek in the same year.

Sixth Street structures most activity through direct co-investments, SPVs, bespoke financing agreements, and separately managed accounts rather than as a traditional fund-of-funds allocator. Its acquisition vehicles include private investment funds, co-investment vehicles, business development companies, and collateralized loan obligations.

Sixth Street was founded in 2009 by partners who left Goldman Sachs's Special Situations Group, led by Alan Waxman. The firm operates independently with no ongoing ownership or governance link to Goldman Sachs, though the founding cohort's institutional approach to special-situations investing remains visible in its strategy mix.

Sixth Street manages capital exclusively for institutional investors — pension funds, sovereign wealth funds, endowments, insurance companies, and other asset allocators — plus a limited set of business development companies and CLOs. The firm does not disclose individual LP identities publicly.

The firm does not publicly disclose a separate philanthropic foundation or a donor-advised fund program. No dedicated impact or philanthropic vehicle appears in its disclosed platform, unlike many large single-family offices.