Sixth Street Partners LLC
About
Sixth Street is a global investment firm with over $34 billion in assets under management and committed capital. Through its dedicated energy team based in Houston, Sixth Street invests in and partners with energy companies to finance, acquire, develop, and operate energy-related assets. Sixth Street operates eight diversified, collaborative investment platforms across its growth investing, adjacencies, direct lending, fundamental public strategies, infrastructure, special situations, agriculture and par liquid credit businesses. Its long-term oriented, highly flexible capital base and "One Team" cultural philosophy allows Sixth Street to invest thematically across sectors, geographies and asset classes. Founded in 2009, Sixth Street has more than 275 team members including over 140 investment professionals operating from nine locations around the world.
The company was formerly known as TPG Sixth Street Partners. In May 2020, TPG, a global alternative asset firm, and Sixth Street Partners announced the completion of an agreement to evolve their relationship and become independent, unaffiliated businesses. The intention to pursue mutual independence was previously announced to the firms’ respective limited partners in January 2020.
Editor's note: Updated on June 15, 2020.
Headquarters Address
345 California Street
San Francisco, CA 94104
United States
Website
sixthstreetpartners.comTransactions
Echo Sells Permian, Anadarko Minerals for $500MM to Sixth Street
Echo Sells Permian, Anadarko Minerals for $500MM to Sixth Street
Laredo Petroleum Agrees to Partial Sale of Gas-weighted Legacy Permian Assets
Laredo Petroleum Agrees to Partial Sale of Gas-weighted Legacy Permian Assets
Appalachia Shale Producer Antero Closes $402 Million ORRI Sale
Appalachia Shale Producer Antero Closes $402 Million ORRI Sale
Houston Oil Firm Lands $500 Million Backing For Nonop Deals
Houston Oil Firm Lands $500 Million Backing For Nonop Deals
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News
Non-op Rising: NOG’s O’Grady, Dirlam See Momentum in Co-purchase M&A
Non-operated specialist Northern Oil & Gas is going after larger acquisitions by teaming up with adept operating partners like SM Energy and Vital Energy. It’s helping bridge a capital gap in the upstream sector, say NOG executives Nick O’Grady and Adam Dirlam.
Caliche Receives Investment from Sixth Street for Expansion of Storage Facilities
The bulk of Sixth Street’s investment is focused on Caliche’s Golden Triangle Storage project in Beaumont, Texas, and its Central Valley Gas Storage in Princeton, California.
Sixth Street Buys Permian, Anadarko Minerals for $500MM
Oklahoma City’s Echo Minerals sold mineral and royalty acreage in the Permian and Anadarko basins to Sixth Street Partners.
Permian Producer Laredo Petroleum Strikes $715 Million Deal for Sabalo, Partner
In addition to the Sabalo deal, Laredo Petroleum also agreed to a partial sale of operated PDP reserves in gas-weighted legacy assets in Reagan and Glasscock counties, Texas, for $405 million.
Alternative Debt Universe for Oil and Gas
Creative financings were put together by oil and gas companies in 2020 despite the incredible obstacles at hand, says panelist at IPAA’s Private Capital Conference.
Appalachia Shale Producer Antero Closes $402 Million ORRI Sale
The ORRI transaction with Sixth Street Partners addresses over half of Antero Resources’ $650 million to $900 million asset sale goal for 2020 while allowing the Appalachia shale producer to pay down debt, CEO Paul Rady says.
Houston Oil Firm Lands $500 Million Backing For Nonop Deals
Houston-based Glendale Energy Ventures formed a $500 million partnership with TPG Sixth Street Partners to acquire nonop oil and gas properties throughout the U.S.