How Sixth Street Structures Investments
It is a short look at how one large private-markets manager describes bespoke, multi-layer deal structuring, which is the kind of sourcing and structuring claim allocators and advisors hear when evaluating private capital managers.
Summary
By the markets & outlook deskA Sixth Street video explains the firm's approach to building investments from a company's stated need rather than from a standard product template, describing a single need as refracting into multiple possible structures. It cites three examples from its own work: loans and warrants for Airbnb, non-dilutive growth capital for Blueprint Medicines and a royalty interest for Antero Resources. The firm frames the approach around cross-platform expertise and flexibility across the capital structure.
- The firm says each investment begins with a conversation about what the company actually needs
- Examples given are loans and warrants for Airbnb, non-dilutive growth capital for Blueprint Medicines and a royalty interest for Antero Resources
- Sixth Street describes the approach as cross-platform and flexible across the capital structure
- The video is part of the firm's 'Whiteboarding' series
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