Addressing complex capital needs, advancing strategic growth priorities and optimizing portfolios and balance sheets for leading financial institutions and asset owners
What we do
We work with financial institutions and asset owners on strategic transactions, ranging from portfolio acquisitions and joint ventures to long-term capital partnerships and platform investments. Our solutions reflect each organization's needs and objectives.
Financial institutions and asset owners operate in a landscape of shifting regulations and capital requirements. We help organizations optimize their balance sheets, manage illiquid portfolios and capture growth opportunities with speed and conviction.
Our extensive experience working across banks, specialty lenders, investment managers, fintechs and other financial institutions means we understand the regulatory, operational and strategic dynamics that shape each organization's priorities.
Our ability to invest up and down the capital structure enables us to design solutions for each organization's specific liquidity, balance sheet and strategic objectives.
Sixth Street is built to provide the confidence and reliability needed to partner on demanding timelines.
Platform-driven investments across Asset Based Finance, Insurance, Direct Lending and the broader Sixth Street ecosystem
Platform and strategic investment
In 2024, Sixth Street and Affirm announced a long-term capital partnership to invest up to $4b in Affirm loans. Sixth Street developed a differentiated structure that aligns incentives through an equity joint venture while incorporating protections across utilization, asset performance and vintage concentration.
Platform and strategic investment
Sixth Street, Achmea and Lifetri finalized a strategic partnership that combined Achmea’s and Lifetri’s pension and life insurance portfolios into Achmea Pensioen & Levensverzekeringen N.V. (AP&L), a top-three player in the Dutch market serving more than 2.1m customers and a balance sheet of €45b, as of October 2025. Sixth Street contributed Lifetri and fresh capital in exchange for a 20.45% ownership interest in the joint venture. This ownership will contractually grow to 30% over time. The partnership combines Sixth Street’s long-term capital, insurance expertise and asset-origination capabilities with Achmea’s scale, risk and capital-management capabilities and customer-focused platform. It is positioned to pursue growth in the Dutch pension buyout market as well as the retail annuity market while expanding insured-solution offerings.
Platform and strategic investment
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.
Sixth Street completed a large-scale portfolio acquisition, applying specialized underwriting and the resources of the broader firm to evaluate a complex transaction and execute with speed and certainty. The investment demonstrates Sixth Street’s ability to provide financial institutions and asset owners with tailored solutions for portfolio liquidity, balance sheet management and strategic capital needs.
Sixth Street completed the acquisition of Enstar, a leading global insurance group and provider of capital-release solutions, for a total equity value of $5.1b. Enstar continues to operate as a privately held, standalone company under its existing name and strategy. The transaction reflects Sixth Street’s ability to execute scaled, complex corporate acquisitions and partner with established management teams. Enstar has acquired more than 120 companies and portfolios since its formation and operates across Bermuda, the U.S., the U.K., Continental Europe, Australia and other international locations.
In 2025, First Citizens Bank and Sixth Street launched Sixty-First Commercial Finance, a strategic partnership designed to deliver flexible equipment financing solutions to middle-market companies. The platform combines First Citizens Bank's commercial banking relationships with Sixth Street's specialized capital and structuring capabilities.
In 2025, Sixth Street and Figure Technology Solutions announced a joint venture designed to provide more than $2b of liquidity and through-the-cycle stability to the non-agency mortgage market. The partnership reflects Sixth Street’s ability to pair financial asset expertise with a flexible, scaled capital solution in support of market infrastructure.
Every great partnership starts with a conversation. Let’s discuss how we can accelerate your ambitions.
