TPG Sixth Street Partners Closes First TSSP Capital Solutions Fund, at $2.2 Billion

TPG Sixth Street Partners, a finance and investment business with over $32 billion in assets under management, and its TSSP Capital Solutions platform, closed its first Capital Solutions fund, at approximately $2.2 billion of total third-party commitments.

Led by Robert (Bo) Stanley, Co-Head of Capital Solutions and Partner, and Michael McGinn, Co-Head of Capital Solutions and Partner, Capital Solutions is actively investing out of the fund and has already deployed over $500 million. It makes non-control investments in growth-oriented companies.
The team partners with companies to provide financing solutions that often differ from traditional growth equity. Capital Solutions has flexibility to invest in a range of opportunities from $25 million to over $500 million.

The creation of a dedicated Capital Solutions platform formalizes a strategy Sixth Street incubated through its flagship investment vehicles investing over $3 billion across more than 30 growth-oriented portfolio companies since its inception in 2009.

Select current and past investments representative of the Capital Solutions platform include AirTrunk, AvidXchange, Clinicient, Kyriba, Lucidworks, Paycor, PayScale, PaySimple and Spotify.

FinSMEs

23/10/2019