Clients
Sixth Street Advisers serves 177 clients, 162 of them pooled investment vehicles. The average client has about $574 million with the firm.
- Pooled investment vehicles162 clients90%
- Insurance companies13 clients9%
- OtherState or municipal government entities, Corporations and other businesses1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 162 | $91,199,187,168 | 89.8% | $563.0M |
| State or municipal government entities | 1 | $684,910,867 | 0.7% | $684.9M |
| Insurance companies | 13 | $9,315,732,142 | 9.2% | $716.6M |
| Corporations and other businesses | 1 | $411,121,022 | 0.4% | $411.1M |
| Total | 177 | $101,610,951,199 | 100% | $574.1M |
- Clients
- 162
- Regulatory AUM
- $91,199,187,168
- Share
- 89.8%
- Avg. per client
- $563.0M
- Clients
- 1
- Regulatory AUM
- $684,910,867
- Share
- 0.7%
- Avg. per client
- $684.9M
- Clients
- 13
- Regulatory AUM
- $9,315,732,142
- Share
- 9.2%
- Avg. per client
- $716.6M
- Clients
- 1
- Regulatory AUM
- $411,121,022
- Share
- 0.4%
- Avg. per client
- $411.1M
Total
- Clients
- 177
- Regulatory AUM
- $101,610,951,199
- Share
- 100%
- Avg. per client
- $574.1M
What it does
Sixth Street Advisers provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets, performance-based fees and other arrangements.
Sixth Street Advisers advises 160 private funds.
100.0% of assets ($101.61B across 177 accounts) are managed with discretion. 31% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Funds66%
- Pooled vehicles62%
- Registered funds4%
- Cash4%
- Other29%
- Investments in privately structured or arranged direct loans or securities, or commercial mortgage loans29%
Filed values cover 99%. The neutral 1% gap has no reported category.
Custodians
Sixth Street Advisers’ client accounts are held mainly at Bank of New York Mellon, with 3% of managed assets, and Citibank, N.A., with 2%. Sixth Street Advisers has custody of client assets.
- State StreetState Street Corporation · Boston, MA · $843.3M1%
- Bank of New York MellonBank of New York Mellon · New York, NY · $3.29B3%
- Citibank, N.A.Citibank, N.A. · New York, NY · $2.41B2%
- J.P. MorganJP Morgan Chase & Co · New York, NY · $1.26B1%
- Computershare Trust Company, N.A.Computershare Trust Company, N.A. · Minneapolis, MN · $2.17B2%
- OtherU.S. Bank, NA, Northern Trust, All other custodians90%
Ownership and leadership
Sixth Street Opportunities Advisers Holdings, LLC owns 75% or more of Sixth Street Advisers, and Alan Waxman is its CEO.
- Owns 75% or more of Sixth Street Advisers, LLC
Sixth Street Opportunities Advisers Holdings, LLC
Control person · since May 2020
- Owns 75% or more of Sixth Street Opportunities Advisers Holdings, LLC
Sixth Street Partners Management Sub, LLC
Control person · since July 2020
- Owns 75% or more of Sixth Street Partners Management Sub, LLC
Sixth Street Partners Management Company, L.P.
Control person · since July 2020
- Owns 75% or more of Sixth Street Partners Management Company, L.P.
Sixth Street GP, LLC
Control person · since February 2012
- Owns 50% to 75% of Sixth Street GP, LLC
Alan Waxman
Control person · since February 2011
David Stiepleman
Co-president & executive committee member · since June 2017
Anthony Muscolino
Executive committee member · since June 2017
Matthew Dillard
Co-president & executive committee member · since May 2020
Jennifer Gordon
Executive committee member · since May 2020
Bornah Moghbel
Executive committee member · since May 2020
Ramon Chavez
Executive committee member · since May 2021
Julian Salisbury
Co-president & executive committee member · since January 2024
Brian D'Arcy
Executive committee member · since February 2024
Adam Korn
Executive committee member · since February 2024
Mark Feldman
Executive committee member · since October 2024
- Owns 75% or more of Sixth Street Partners Management Company, L.P.
Maple (M) Issuer, LLC
Control person · since August 2024
- Owns 75% or more of Maple (M) Issuer, LLC
Maple (M) Holdings, L.P.
Control person · since December 2024
- Owns 75% or more of Maple (M) Holdings, L.P.
TSSP Management Holdings, L.P.
Control person · since December 2024
- Owns 75% or more of TSSP Management Holdings, L.P.
Sixth Street Founders Management, L.P.
Control person · since June 2017
Sixth Street GP Sub, LLC
General partner · Control person · since September 2021
TSSP Holdco Management, LLC
Managing member · Control person · since May 2020
Leadership
- Alan WaxmanChief Executive Officer & Co-Chief Investment Officer
- Matthew DillardCo-President and Co-Chief Investment Officer
- Julian SalisburyCo-President and Co-Chief Investment Officer
- David StieplemanCo-President
- Mark FeldmanChief Financial Officer
- Adam KornChief Operating Officer
- Jennifer GordonChief Compliance Officer
- Bornah MoghbelCo-Chief Investment Officer
- Anthony MuscolinoVice Chairman and Chief Strategy Officer
- Joshua PeckGeneral Counsel
- Steven PlussChief Risk Officer
Staff
- 703 employees
- 338 in advisory functions
- 41 broker-dealer reps
Fees
Sixth Street Advisers is paid through a percentage of assets under management, performance-based fees and other.
Sixth Street Advisers’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Sixth Street Advisers has 11 offices, with 8 listed addresses across 5 states.
Texas · 3 listed addresses
- 2100 McKinney Avenue, Suite 1500, DallasHQ
- 1000 Louisiana Street, Houston
- 405 Colorado Street, Austin
California · 2 listed addresses
- 1 Letterman Drive, San Francisco
- 1676 N California BLVD, Walnut Creek
Illinois · 1 listed address
- 110 N Wacker Drive, Chicago
Massachusetts · 1 listed address
- Two International Place, Boston
New York · 1 listed address
- 888 7th Avenue, New York
Registration details
- Legal name
- Sixth Street Advisers, LLC
- Headquarters
- 2100 McKinney Avenue, Suite 1500, Dallas, TX 75201
- Phone
- 469-621-3001
- Website
- sixthstreet.com
- SEC file
- 801-72845
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Sixth Street Advisers have?
Sixth Street Advisers has 177 clients and manages $101.6 billion for them, as of May 2026. They include 162 pooled investment vehicles, 13 insurance companies and 1 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 May 2026
What services does Sixth Street Advisers offer?
Sixth Street Advisers provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Sixth Street Advisers use?
Sixth Street Advisers’ separately managed account assets are held at Bank of New York Mellon (New York, NY), with $3,291,637,988, Citibank, N.A. (New York, NY), with $2,406,806,567, Computershare Trust Company, N.A. (Minneapolis, MN), with $2,166,338,969, JP Morgan Chase & Co (New York, NY), with $1,263,378,395, State Street Corporation (Boston, MA), with $843,287,435, U.S. Bank, NA (Houston, TX), with $411,121,022 and Northern Trust Corporation (Chicago, IL), with $29,193,655. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 May 2026
How many financial advisors does Sixth Street Advisers have?
Sixth Street Advisers has 0 investment adviser representatives registered with state securities authorities, out of 703 employees, and 338 perform investment advisory functions. 41 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Sixth Street Advisers invest in?
At the end of its last fiscal year, Sixth Street Advisers’ separately managed accounts held 62% pooled vehicles (private funds and similar), 29% investments in privately structured or arranged direct loans or securities, or commercial mortgage loans, 4% registered funds (mutual funds, ETFs, BDCs) and 4% cash and equivalents. It advises 160 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Sixth Street Advisers?
Sixth Street Advisers is owned through a chain of holding companies by Alan Waxman. Its direct owner is Sixth Street Opportunities Advisers Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 14 May 2026
How does Sixth Street Advisers get paid?
Sixth Street Advisers is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file