Sixth Street Makes Majority Investment in Legends

Sixth Street and Legends Acquire 30% Stake in Real Madrid Stadium Operations

May 19, 2022

Media & Entertainment

U.S. investment firm Sixth Street will pay roughly $360–380 million for a 30% stake in Real Madrid’s stadium operations, in a 20-year joint-venture that includes Legends. The transaction monetizes in-stadium revenue to support the Santiago Bernabéu retrofit and to grow hospitality and event capabilities while Real Madrid retains control of other revenues (e.g., season-ticket sales).

Sixth Street Acquires Minority Stake in San Francisco Giants

March 18, 2025

Media & Entertainment

The San Francisco Giants announced a strategic partnership in which global investment firm Sixth Street has made a significant minority equity investment—reported at approximately a 10% stake—into the franchise. The capital will support investments in the team and Oracle Park experience, while advisors to the deal included Raine Group and PJT Partners for the Giants and Sixth Street, respectively.

Legends Acquires ASM Global

November 8, 2023

Media & Entertainment

Legends has acquired ASM Global from AEG and Onex to create a combined global live-events and venue services company. The transaction brings together Legends' premium hospitality, merchandise, sponsorship and venue planning capabilities with ASM Global's venue management and event booking network to expand geographic reach, service offerings, and scale across sports, entertainment and conventions.

Sixth Street Makes Strategic Growth Investment in L+M Companies

June 11, 2025

Real Estate

Sixth Street has made a strategic partnership and significant investment in L+M Companies, a New York–based affordable and mixed-income housing developer. L+M will remain the majority partner and keep its leadership team while using the capital to expand development and preservation activity across existing and new U.S. markets.

Sixth Street Acquires Minority Stake in EdgeConneX from EQT Infrastructure

September 24, 2024

Infrastructure

Funds managed by Sixth Street will acquire a minority stake in EdgeConneX from EQT Infrastructure (EQT Infrastructure IV and V), with EQT remaining the largest shareholder. The strategic investment will provide capital and sector expertise to help EdgeConneX accelerate delivery of energy-efficient data center capacity optimized for AI and large-scale cloud deployments; the transaction is expected to close in Q4 2024.

Northwestern Mutual Acquires Minority Stake in Sixth Street

January 7, 2025

Financial Services

Northwestern Mutual has entered a strategic partnership with Sixth Street in which Northwestern Mutual will acquire a minority equity interest in Sixth Street and commit to have Sixth Street manage $13 billion of assets, with potential to scale. The agreement expands Northwestern Mutual's access to private and opportunistic investments while providing Sixth Street with a strategic institutional investor relationship.