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Sixth Street Lending Partners Advisers
Sixth Street Lending Partners Advisers is a lending-focused asset manager under the Sixth Street platform, specializing in direct lending and private...
Sixth Street Lending Partners Advisers
Sixth Street Lending Partners Advisers is a registered investment adviser that functions as a lending vehicle within the Sixth Street ecosystem, a firm founded in 2009 by Alan Waxman, Joe Russell, and others who previously led Goldman Sachs's principal investment area. The wealth origin is tied to the founding partners' professional backgrounds rather than a single family fortune. The firm focuses on private credit, including direct lending, asset-based finance, and opportunistic credit strategies. It targets middle-market companies across North America, Europe, and select markets in Asia. Portfolio companies have included firms such as Panda Restaurant Group (per Bloomberg, 2021) and NFP Corp (per Reuters, 2019). The firm typically structures investments as senior secured loans, unitranche facilities, or second-lien debt. Sixth Street as a whole reported over $75 billion in assets under management as of 2025 (per the firm's official communications). The lending partnership is one of several specialized vehicles within the platform, alongside growth equity and real estate affiliates. In September 2024, Sixth Street closed its second specialty finance fund at $3.3 billion (per Bloomberg, September 2024), highlighting continued investor appetite for its lending strategies. A structural differentiator is Sixth Street's co-investment model: the firm often partners with institutional LPs on deal-by-deal bases through separately managed accounts, providing flexibility in capital deployment. This contrasts with traditional closed-end funds and allows for tailored risk exposure.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
—
Corporate office
United States
Sector focus
Frequently asked questions
Who runs investment decisions at Sixth Street Lending Partners Advisers?
The firm operates under the broader Sixth Street leadership, with Alan Waxman serving as co-founder and CEO (per the firm's official communications). Specific investment decisions for the lending partnership are made by a dedicated team of credit professionals, though individual names are not publicly disclosed.
How does Sixth Street Lending Partners Advisers source proprietary deal flow?
Sixth Street leverages its large platform and relationships from previous Goldman Sachs ties to source deals directly. The firm also receives proprietary opportunities through sponsor relationships and its network of operating partners (per public record).
Does Sixth Street Lending Partners Advisers participate in fund commitments or only direct deals?
The firm primarily makes direct investments in companies, structuring loans and credit facilities. It may also participate in syndicated deals alongside other lenders. The lending partnership is itself a fund vehicle, with capital raised from institutional investors.
What investment stages does Sixth Street Lending Partners Advisers typically target?
The firm targets middle-market companies that require growth capital, acquisition financing, or recapitalization. It does not focus on early-stage venture lending but rather on established businesses with predictable cash flows.
Which sectors does Sixth Street Lending Partners Advisers explicitly avoid?
The firm has no publicly stated sector exclusions. However, it is known to avoid highly cyclical or distressed industries where credit risk exceeds return targets (per public record).
How is Sixth Street Lending Partners Advisers related to the broader Sixth Street platform?
It is a specialized vehicle within the Sixth Street ecosystem, which also includes growth equity, credit, and real estate strategies. The lending partnership focuses exclusively on direct lending and asset-based finance.
What is Sixth Street Lending Partners Advisers's known posture on co-investments alongside external GPs?
The firm frequently participates in co-investments structured as separately managed accounts, allowing institutional investors to commit capital on a deal-by-deal basis. This model provides flexibility and aligns interests with LPs.
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