Profile

Sixth Street Growth invests in fast-growing companies with a focus on forming long-term partnerships with market leaders across application software, infrastructure software, healthcare technology, and fintech. The Sixth Street Growth team partners with founders and management teams to provide differentiated capital solutions to accelerate organic and inorganic growth. Sixth Street Growth is currently investing out of its second growth fund—a $4.4 billion vehicle targeting both late- and mid-stage investments. In 2022, Sixth Street Growth announced the formation of its “More than Capital” Group, a specialized platform for bringing expertise and resources to help portfolio companies create operational excellence. 

Sixth Street Growth is the dedicated growth investing platform of Sixth Street, a leading global investment firm with over $75 billion in assets under management and committed capital. Sixth Street has invested over $9 billion in more than 70 companies through its Growth franchise since its inception. Select Sixth Street Growth investments include Airbnb, AvidXchange, Bloomreach, Contentsquare, Datavant, Gainsight, Kaseya, Keyfactor, MasterControl, MDLIVE, Spotify, Sprinklr, and SumUp.

Awards

2023 Top Growth Equity Firms

2022 Top 25 Growth Equity Firms

Key People

The Growth team is led by Partners and Sixth Street Growth co-heads Michael McGinn (joined Sixth Street in 2018) and Robert “Bo” Stanley (joined Sixth Street in 2011). 

Alex Katz, Benjamin Johnston, Lee Mooney, and Nari Ansari are Managing Directors in the investing team who bring in years of experience from Abry Partners, Battery Ventures, General Atlantic, TA Associates, and TCV.

The broader team can be viewed here: https://sixthstreetgrowth.com/#our-team

Funds Raised

On November 3, 2022, Sixth Street Growth announced the final close on $4.4 billion in fresh capital to invest in fast-growing businesses targeting both late- and mid-stage investments. The funds closed at their hard cap.

Sixth Street’s previous growth fund closed in October 2019 with $2.2 billion in committed capital.

Key Investments

Stayntouch: raised $48 million led by Sixth Street Growth in December 2023
Sector: Application software

Stayntouch delivers a fully mobile guest-centric hotel property management system (PMS) with a comprehensive library of over 1100+ best-in-class integrations.

SumUp: raised €285 million led by Sixth Street Growth in December 2023
Sector: Fintech

SumUp is the financial partner for more than 4 million small merchants in 36 markets worldwide, helping them start, run, and grow their businesses.

Volante Technologies: raised $66 million led by Sixth Street Growth in November 2023
Sector: Fintech

Volante Technologies is the trusted cloud payments modernization partner to financial businesses worldwide, giving them the freedom to evolve and innovate at record speed.

Keyfactor: received a significant minority investment from Sixth Street Growth at ~$1.3B valuation in October 2023
Sector: Infrastructure software

Keyfactor brings digital trust to the hyper-connected world with identity-first security for every machine and human.

1upHealth: raised $40 million Series C led by Sixth Street Growth in April 2023
Sector: Healthcare technology

1upHealth provides a modern data platform that’s cloud-based, API-enabled, and FHIR-native. The company was founded in 2017 and built natively in the cloud using FHIR as the easiest way to connect, control, and compute health data.

Logile: raised Series A investment from Sixth Street Growth in January 2023
Sector: Application software

Founded in 2005, Logile is the leading retail labor planning, workforce management, inventory management, and store execution provider deployed in thousands of retail locations across North America, Europe, Asia, Australia, and Oceania.

MasterControl: raised $150 million Series A funding by Sixth Street Growth at a $1.3B valuation in December 2022
Sector: Application software

MasterControl Inc. is a leading provider of cloud-based quality and manufacturing software for life sciences and other regulated industries.

Atlas: raised $200 million Series B funding by Sixth Street Growth in September 2022
Sector: Application software

Atlas enables innovative companies to compete in a global economy, believing that businesses should employ whomever they want, wherever the talent exists.

Guesty: raised $170 million co-led by Sixth Street Growth in August 2022
Sector: Application software
Guesty is the world’s leading property management platform for the short-term, vacation rental and hospitality industry.

Contentsquare: raised $600 million growth investment led by Sixth Street at a $5.6 billion valuation in July 2022
Sector: Application software

Contentsquare delivers the power to make the digital world more human. Its AI-powered platform provides rich and contextual insight into customer behaviors, feelings and intent—at every touchpoint in their journey—enabling businesses to build empathy and create lasting impact.

Capital Responsibility

Sixth Street seeks to deliver compelling risk-adjusted returns while conducting our business with high standards of integrity. We believe that environmental, social, and governance (“ESG”) factors can affect the performance of our investments. Considering ESG factors allows us to spot risks, anticipate forward trends, and inform our overall investment decision-making.

At a minimum, the firm aims to follow the guidelines below to distinguish the responsible investment approach by asset class/strategy and its respective level of control:

• For those investments in which we have control, we integrate ESG considerations into investment decisions where appropriate. We assess ESG risks and merits as part of our due diligence process and factor potentially significant impacts into our underwriting;
• For those investments where we have influence such as through governance rights, to the extent that ESG-related information is available to us, we factor potentially significant impacts into our underwriting and evaluate investment decisions, where appropriate, as part of our overall diligence process; and,
• For certain investments where we have no control or limited ability to assess or monitor ESG-related factors, we endeavor to identify and, where appropriate, elevate the consideration of ESG issues.

CEO Reviews

Dave Edwards, Chief Revenue Officer, MasterControl

“They are in the trenches with us and are engaged on key initiatives. They didn’t come in and say you need to do this. They asked what we needed first. They saw some of our challenges and they jumped in with ideas, solutions, vendor recommendations and the right individuals to help us.”

Rick Schlenker, Co-Founder and SVP of Strategic Sales, Logile

“The introductions and support the More than Capital team has given us has been invaluable. From the wisdom and advice of our new board member to the new marketing messaging and prospect introductions, More than Capital has catapulted our progress.”