Sixth Street Partners, the former credit arm of private-equity firm TPG, raises $10B for its flagship Tao fund, making it one of the biggest pools of private capital on record, the Wall Street Journal reports, citing people familiar with the matter. The fund pulled in the new money after the nine-year-old vehicle reopened to new investment in April, bringing its total to $22.5B, they said. Sixth Street now has about $48B in assets; the firm has usually kept a low profile, but that may change after it formally separated from TPG in May and starts to invest its new war chest. Related ticker: Sixth Street Specialty Lending (NYSE:TSLX). Previously: TPG Specialty Lending changes name to Sixth Street Specialty Lending (June 5)

Source: Wall Street Journal August 16, 2020 17:26 UTC