Sixth Street and Patron Capital Acquire Cala Group from Legal & General

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.

Calera Capital Acquires Majority Stake in Nocturne Luxury Villas

March 11, 2025

Restaurants & Hospitality

Calera Capital (through an affiliate) acquired a majority stake in Nocturne Luxury Villas from Gladstone Investment Corporation; financial terms were not disclosed. Nocturne is a luxury vacation rental management platform with operations in St. Barth's, Grand Cayman, Telluride (CO), Cabo San Lucas (Mexico), Santa Barbara (CA) and Florida's Emerald Coast and is headquartered in Newport, Rhode Island.

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.

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 Makes Majority Investment in Legends

July 29, 2024

Media & Entertainment

Global investment firm Sixth Street agreed to a majority investment in Legends, the premium sports and live-events hospitality and services company, in a transaction expected to close in the first quarter. Sixth Street will lead a partnership group alongside co-founders YGE Holdings (an affiliate of the New York Yankees) and Jones Concessions (an affiliate of the Dallas Cowboys); the deal is intended to accelerate Legends' global growth and expand its technology-enabled, 360-degree platform of premium experience offerings.

Sixth Street-led Group Acquires Enstar Group for $5.1 Billion

July 2, 2025

Insurance

Investment vehicles managed by affiliates of Sixth Street, with co-investors Liberty Strategic Capital, J.C. Flowers & Co. LLC and other institutional investors, acquired Enstar Group Limited for $338.00 per share, representing a total equity value of $5.1 billion. The transaction takes Enstar private and is intended to provide liquidity to shareholders while supporting Enstar’s next chapter and long-term strategy as a privately held global (re)insurance group.