Sixth Street Makes Minority Investment in Fullsteam

Aquiline and ADIA Invest in Fullsteam

May 25, 2023

Payments & Fintech

Fullsteam LLC, an Auburn, Alabama–based payments and vertical software provider, received a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) alongside founding sponsor Aquiline Capital Partners and a consortium of other investors. The growth capital will support Fullsteam’s expansion strategy, including continued organic growth and further acquisitions across its portfolio of vertical software and payments businesses.

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.

Fullsteam Acquires Euclid Technology

March 6, 2019

Software

Fullsteam, a holding company backed by Aquiline Capital Partners, has acquired Euclid Technology, a Bethesda, Maryland-based provider of Association Management Software (AMS). Euclid’s founder Charlie Vinal will remain with the business as Fullsteam looks to expand its software and payments capabilities within the association management vertical.

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.

Sixth Street Growth Makes Minority Investment in Keyfactor at ~$1.3B EV

October 24, 2023

Cybersecurity

Sixth Street Growth, the growth investing platform of Sixth Street, made a significant minority investment in Keyfactor at an enterprise value of approximately $1.3 billion. The capital will support Keyfactor’s continued rapid growth in machine identity and PKI solutions, and Sixth Street Growth representatives will join Keyfactor’s board to help accelerate expansion.

Sixth Street Growth Invests $50M in DrFirst

May 12, 2021

Healthcare Services

Sixth Street Growth provided a $50 million follow-on equity investment in digital health company DrFirst, bringing total investments in DrFirst during 2020–21 to $135 million (including prior investments from Sixth Street and Goldman Sachs Growth). Sixth Street Growth has joined DrFirst's board and the capital will support continued product development, commercial expansion and growth initiatives.