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$AIR-TRUNK · Sixth Street incubated data center platform AirTrunk from white paper in 2017, sold to Blackstone for ~$16B
now playing · $AIR-TRUNK
$SPOT···bullish· high· posalan waxman
Sixth Street led $1B convertible financing in 2016 amid Amazon/Apple competitive fears
Spotify had great product, unit economics, and generational leadership (Daniel Ek), but market feared competitive threats from Amazon and Apple; Sixth Street provided a convertibl…
$ABNB···bullish· high· posalan waxman
Sixth Street and Silver Lake provided $1B COVID rescue financing to fortify balance sheet
Airbnb had a great business model and generational founder (Brian Chesky) but was severely impacted by COVID; Sixth Street provided a loan with warrants giving 4-5 years liquidity…
$REAL-MADRIDbullish· high· posalan waxman
Sixth Street formed strategic JV with Real Madrid on Bernabeu stadium renovation
Real Madrid is a global sports brand transitioning from local to global via technology; Sixth Street partnered on a stadium JV capturing premium VIP, F&B, museum revenues, alignin…
$FC-BARCELONAbullish· high· posalan waxman
Sixth Street partnered with FC Barcelona to preserve roster competitiveness during COVID financial stress
FC Barcelona needed capital to retain key players during COVID revenue collapse; Sixth Street provided a creative solution enabling them to keep roster intact, betting on brand va…
$LEGENDSbullish· medium· posalan waxman
Sixth Street portfolio company Legends provides premium stadium services for Real Madrid JV
Legends, a Sixth Street portfolio company, operates premium hospitality and services at the Bernabeu stadium JV, creating synergies across the firm's sports and live entertainment…
$AFRM···bullish· high· posalan waxman
Sixth Street formed $20B JV with Affirm to expand asset origination capacity
Long-standing relationship with Max Levchin; structured a $20B partnership/JV allowing Affirm to originate more assets and gain operating leverage, showcasing Sixth Street's flexi…
$AIR-TRUNKbullish· high· posalan waxman
Sixth Street incubated data center platform AirTrunk from white paper in 2017, sold to Blackstone for ~$16B
Early conviction on data center infrastructure demand; built AirTrunk from scratch in 2017 as a thematic bet on digital infrastructure, culminating in a ~$16B exit to Blackstone.