Asset Based Finance

Investing up and down the capital structure across Asset Based Finance (ABF) markets with discipline and confidence

Originating and managing scalable platforms and large asset portfolios in established global markets

~$16b

Asset Based Finance investments1

50+

Dedicated investment professionals2

$140b+

Firm assets under management*

1. Asset Based Finance equity invested and committed across the opportunistic and investment grade strategies as of 8/31/26

2. As of September 2026

What we do

Backed by deep ABF origination expertise, we invest up and down the capital structure across consumer finance, commercial and residential mortgages, renewables and energy finance, infrastructure, transportation and commercial equipment finance.

Why partner with Sixth Street?

Every situation requires a fresh perspective. We start by understanding the asset and opportunity, bringing a specialist team with deep experience across the origination cycle as a long-term partner, not a transactional counterparty.

Deep infrastructure

Purpose-built systems for originating and underwriting across many collateral types and markets. Scale should not come at the expense of credit and operational discipline.

Asset class expertise

Fundamental, bottom-up credit analysis led by specialists in each market we target. Depth across collateral types and structures inform every underwriting decision.

Wide structuring capabilities

Investments up and down the capital structure shaped to the needs of originators and platforms, from senior portfolios to complex joint ventures.

Collaboration in action

Partnering with leading platforms and financial institutions to structure investments at scale with speed and certainty

Platform

In 2026, Sixth Street acquired Castle Trust, a specialist bank in the U.K. serving nearly 170,000 customers, in partnership with Bayview. The Bank’s experienced leadership and its robust, well-established risk and technology platform create a strong foundation for sustainable growth and scalable operations at an attractive time in the market.

GreenSky Announces Completion of Acquisition by Sixth Street-led Consortium

Platform

In 2024, Sixth Street led a consortium of institutional investors to acquire GreenSky, a technology-enabled home improvement lending platform. The transaction required coordinating 12 lenders around pricing, structure and strategy on a compressed timeline, demonstrating the team's ability to lead complex financial services acquisitions with speed and certainty.

Platform

Select Portfolio Servicing (SPS) is one of the largest residential mortgage servicers in the U.S. Sixth Street assembled and led a consortium to complete the acquisition on a highly compressed timeline, incorporating key SPS clients into the group to meaningfully de-risk client concentration concerns.

Affirm and Sixth Street Announce Long-Term Capital Partnership to Invest up to $4 Billion in Affirm Loans

Joint venture and asset company

Affirm is a leading consumer credit and buy-now-pay-later platform serving tens of millions of consumers. Sixth Street structured a bespoke origination partnership with Affirm, deploying a framework with built-in protections against underutilization, performance deterioration and rate movements while aligning interests through an equity joint venture arrangement.

Sector expertise

Residential mortgage

Commercial real estate debt

Consumer finance

Commercial finance

Diversified

TAO Fixed Income Plus

Drawing on the full breadth of Sixth Street’s platform, TAO Fixed Income Plus provides diversified investment grade credit exposure for insurance and institutional investors.

News and insights

Let’s work together

Every great partnership starts with a conversation. Let’s discuss how we can accelerate your ambitions.