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.