Partnering with originators (Affirm, banks) to provide balance sheet capacity for asset generation
Sixth Street forms large JVs with asset originators like Affirm ($20B) and banks to fund origination, earning spread while partners gain operating leverage; a scalable alternative to traditional lending.
Buying ERTC claims at 85 cents on dollar from capital-starved middle market
Purchasing government-backed tax credit refunds at discount from liquidity-constrained middle market companies, earning 6-7% statutory interest while waiting for IRS payment, with put-back protection.
Marble Gate acquires 30% of NYC taxi medallions for $600M and takes operation public
Bought distressed medallion loans at deep discount, restructured operations with data-driven driver management, consolidated fragmented market, and took public to realize durable cash flows.