"TPG Quietly Sold Its Stake In Its Former Credit Arm, Sixth Street, Back To That Firm Last Month For More Than $1B, People Familiar With The Matter Said, Bringing To A Formal End One Of Wall Street's Longest And Most Profitable Partnerships" - Semafor
Portfolio Pulse from Benzinga Newsdesk
TPG sold its stake in Sixth Street back to the firm for over $1 billion, ending a long partnership. The deal valued Sixth Street at $10 billion and allows both firms to focus on their respective business strategies.
September 03, 2024 | 3:08 pm
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TPG sold its stake in Sixth Street for over $1 billion, allowing it to focus on building its own lending business without competition from Sixth Street.
The sale of TPG's stake in Sixth Street allows TPG to focus on its own lending business, which could lead to growth opportunities. The transaction also removes a competitor from its ownership structure, potentially improving strategic focus.
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