April 14, 2022
San Francisco, Austin, and New York – Sixth Street, a leading global investment firm with over $60 billion in assets under management, today announced the formation of its “More than Capital” Group (“MtC”) to further enhance the value Sixth Street provides its current and future growth portfolio companies.
The new group is part of Sixth Street Growth, the firm’s dedicated platform for making private investments in growth companies. MtC will collaborate with management teams on strategic growth drivers, bring expertise and resources to help companies achieve operational excellence, and partner with businesses to evaluate value creation opportunities.
Jeffrey Stone, a seasoned operator and board member, initial member of two successful startups and four-time institutional-backed CEO, has joined Sixth Street to lead the effort, which is complemented by Sixth Street’s existing network of senior executive advisors and sector domain experts.
“Our goal is to foster unparalleled working experiences and build durable relationships with outstanding management teams, and we are pleased that Jeff has come on board to help us establish a team focused on helping the companies in our portfolio maximize their potential,” said Michael McGinn, Partner and Co-Head of Sixth Street Growth.
“We want to help leaders and companies to unlock their distinctive capabilities, accelerate their growth, and drive superior outcomes,” said Bo Stanley, Partner and Co-Head of Sixth Street Growth. “Jeff has a proven ability to do all those things and more, and we believe that experience and knowledge is going to translate into value for the companies with which we invest.”
“Sixth Street is dedicated to being a strategic partner to the companies in its portfolio, and I am pleased to be joining a team with extensive experience investing alongside great management teams as we continue to build capabilities across our growth organization,” said Jeffrey Stone, Managing Director at Sixth Street.
Sixth Street has invested over $5 billion in more than 40 companies in its growth investing strategy. Select Sixth Street Growth investments include Airbnb, AvidXchange, Bloomreach, Datavant, Gainsight, Heap, MDLIVE, Spotify, SnapLogic, and Sprinklr.
Founded in 2009, Sixth Street is a global investment firm with over $60 billion in assets under management. The firm uses its long-term flexible capital, data-enabled capabilities, and One Team culture to develop themes and offer solutions to companies across all stages of growth. Sixth Street has more than 350 team members including over 180 investment professionals operating around the world. For more information, follow Sixth Street on LinkedIn, or on Twitter @SixthStreetNews.