Private company

Sixth Street Lending Partners

Sixth Street Lending Partners is an investment fund that raised $6 billion in 2022 (SEC Form D), active since 2022.2 It is headquartered in Wilmington, United States.2

Last updated Oct 20, 2026.

Overview

  • HeadquartersWilmington, United States2
  • Incorporated inDE3
  • Business address2100 Mckinney Avenue, Suite 1500, Dallas, Tx 752013
  • Filer category, Emerging growth company3
  • Legal formOther2
  • Kind of organizationInvestment fund2
  • LEI549300S9P1HMDERGCR642
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O SMC-CAS, LLC, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 66440182

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income5$513.1M in 2025+179% since 2023
0$200.0M$400.0M$600.0M2023: $184.0M$184.0M20232024: $505.9M$505.9M2024+175%2025: $513.1M$513.1M2025+1%
Fiscal year20222023202420252026
Operating expenses$133.0M8$345.5M8
Interest$72.4M9
Income before tax$129.8M8$367.0M8
Income tax$1.5M8$2.2M8
Net income$184.0M5$505.9M5$513.1M5
Earnings per share$5.305$5.615$3.585
Earnings per share (diluted)$5.305$5.615$3.585
Shares (weighted, basic)34.7M shares590.2M shares5143.4M shares5
Shares (weighted, diluted)34.7M shares590.2M shares5143.4M shares5

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Corporate structure

Sixth Street Lending Partners sits at the top of its group. 4 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sixth Street Lending Partners

  • Sixth Street Lending Partners Note Issuer, LLC Filed SCHEDULE 13D/A on Sixth Street Lending Partners, latest Sep 3, 2026 (6 filings since Dec 1, 2023)
  • Institution For Social Security Public Filed SCHEDULE 13D/A on Sixth Street Lending Partners, latest May 12, 2026 (10 filings since Dec 22, 2022)
  • Of Michigan Retirement System State Filed SCHEDULE 13G on Sixth Street Lending Partners, latest Jan 24, 2025 (4 filings since Jan 11, 2023)
  • Amwal Investments LLC Filed SC 13G/A on Sixth Street Lending Partners, latest Feb 13, 2024 (2 filings since Mar 31, 2023)
  • State of Connecticut Retirement Plans & Trust Funds Filed SC 13G/A on Sixth Street Lending Partners, latest Feb 13, 2024 (2 filings since Nov 4, 2022)
  • Victorian Funds Management Corp. Filed SC 13G/A on Sixth Street Lending Partners, latest Feb 9, 2024 (2 filings since Feb 7, 2023)
  • Qatar Investment Authority Filed SC 13G/A on Sixth Street Lending Partners, latest Feb 8, 2024 (3 filings since Nov 17, 2022)
  • China Investment Corporation Filed SC 13G/A on Sixth Street Lending Partners, latest Feb 2, 2024 (2 filings since Nov 24, 2023)
  • Arizona PSPRS Trust Filed SC 13G/A on Sixth Street Lending Partners, latest Jan 12, 2024 (3 filings since Dec 22, 2022)
  • Sixth Street Lending Partners Wilmington, Delaware, United States
    • Sixth Street Lending Partners Sub, LLC Subsidiary · Cayman Islands
    • Sixth Street LP Holding II, LLC Subsidiary · Delaware, United States
    • SSLP Lending, LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sixth Street Lending Partners reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$454.7M5 Dec 31, 2025$1.2B5 Dec 31, 2024−62.0%
Debt securities available for sale$8.1B5 Dec 31, 2025$7.2B5 Dec 31, 2024+11.9%

Properties, in its own words

We maintain our principal executive office at 2100 McKinney Avenue, Suite 1500, Dallas, Texas 75201. We do not own any real estate.

Item 2 of the 10-K filed Feb 13, 2026.10

Leadership

Who has led Sixth Street Lending Partners, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Ian Simmonds2022
2025
Board members and other officers (16)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Officer of the IssuerAlan Waxman named Sep 8, 202327
  • Officer of the IssuerRobert Stanley named Sep 8, 202327

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • SSLP Lending, LLC Delaware4
  • Sixth Street LP Holding II, LLC Delaware4
  • Sixth Street Lending Partners Sub, LLC Cayman Islands4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 21, 20268-K Entered a material agreement; New debt or obligation28
  2. Sep 18, 20268-K Entered a material agreement29
  3. Sep 4, 20268-K Unregistered sale of shares30
  4. Jun 26, 20268-K Unregistered sale of shares31
  5. May 22, 20268-K Executive or director change32
  6. Feb 23, 20268-K Executive or director change; Regulation FD disclosure; Other events33
  7. Nov 4, 20258-K Executive or director change34
  8. Mar 7, 20258-K Entered a material agreement; New debt or obligation35
  9. Jan 17, 20258-K Entered a material agreement; New debt or obligation36
  10. Jan 10, 20258-K Entered a material agreement37
  11. Dec 20, 20248-K Unregistered sale of shares38
  12. Sep 27, 20248-K Unregistered sale of shares39
  13. Apr 7, 2022Founded Sixth Street Lending Partners is founded2

Filings

152 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 34 major events, 41 insider forms, 34 large holders, 3 private raises, 24 other. The latest 20:

  1. Sep 21, 20268-K EDGAR
  2. Sep 18, 20268-K EDGAR
  3. Sep 4, 20268-K EDGAR
  4. Sep 3, 20264 EDGAR
  5. Sep 3, 2026SCHEDULE 13D/A EDGAR
  6. Sep 3, 20264 EDGAR
  7. Sep 3, 20264 EDGAR
  8. Sep 3, 20264 EDGAR
  9. Sep 3, 20264 EDGAR
  10. Aug 5, 202610-Q EDGAR
  11. Jul 10, 202640-17G EDGAR
  12. Jun 26, 20268-K EDGAR
  13. Jun 25, 20264 EDGAR
  14. Jun 25, 20264 EDGAR
  15. Jun 25, 20264 EDGAR
  16. Jun 25, 20264 EDGAR
  17. Jun 25, 20264 EDGAR
  18. May 22, 20268-K EDGAR
  19. May 12, 2026SCHEDULE 13D/A EDGAR
  20. May 6, 202610-Q EDGAR

The 152 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 31 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 1, 2026Waxman AlanVice PresidentBuy1,661,507$28.78$47.8MForm 4
Sep 1, 2026HIGGINBOTHAM RICHARD ADirectorBuy1,173$28.78$33.8KForm 4
Sep 1, 2026Tanemura RonaldDirectorBuy1,759$28.78$50.6KForm 4
Sep 1, 2026Slotkin Judy SDirectorBuy1,173$28.78$33.8KForm 4
Sep 1, 2026Doddy HurleyDirectorBuy1,173$28.78$33.8KForm 4
Jun 23, 2026Tanemura RonaldDirectorBuy856$28.81$24.7KForm 4
Jun 23, 2026Doddy HurleyDirectorBuy570$28.81$16.4KForm 4
Jun 23, 2026Waxman AlanVice PresidentBuy808,131$28.81$23.3MForm 4
Jun 23, 2026Slotkin Judy SDirectorBuy570$28.81$16.4KForm 4
Jun 23, 2026HIGGINBOTHAM RICHARD ADirectorBuy570$28.81$16.4KForm 4
Dec 17, 2024Tanemura RonaldDirectorBuy3,280$29.37$96.3KForm 4
Dec 17, 2024HIGGINBOTHAM RICHARD ADirectorBuy2,187$29.37$64.2KForm 4
Dec 17, 2024Doddy HurleyDirectorBuy2,187$29.37$64.2KForm 4
Dec 17, 2024Slotkin Judy SDirectorBuy2,187$29.37$64.2KForm 4
Dec 17, 2024Waxman AlanVice PresidentBuy3,097,085$29.37$91.0MForm 4
Sep 24, 2024Tanemura RonaldDirectorBuy838$30.21$25.3KForm 4
Sep 24, 2024HIGGINBOTHAM RICHARD ADirectorBuy558$30.24$16.9KForm 4
Sep 24, 2024Slotkin Judy SDirectorBuy558$30.24$16.9KForm 4
Sep 24, 2024Doddy HurleyDirectorBuy558$30.24$16.9KForm 4
Jun 25, 2024Tanemura RonaldDirectorBuy1,153$29.57$34.1KForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jun 30, 2022Raised $6 billion in a private offering of equity Form D: 1,093 investors so far Form D

SEC filer profile

How Sixth Street Lending Partners is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSixth Street Lending Partners1
  • CIK0001925309
  • Employer ID (EIN)88-171016110
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company10
  • Incorporated inDelaware10
  • Fiscal year endsDecember 311
  • Business address2100 Mckinney Avenue, Suite 1500, Dallas, TX 752011
  • Phone(469) 621-30011
  • Shares outstanding161,090,631 as of Aug 5, 20267
  • Public float$0 as of Jun 30, 20255
  • AuditorKPMG LLP, New York, New York PCAOB ID 185; no auditor attestation of internal control over financial reporting10
  • On EDGAR sinceJun 28, 20221
  • Filings155 in all: 8-K (34), 4 (22), 3 (19), 10-Q (12), SC 13D/A (10), SC 13G/A (9), SC 13G (8), 40-17G (5)1
    All 24 form types

    CORRESP (5), 10-K (4), N-14 8C/A (4), SCHEDULE 13D/A (4), 10-12G/A (2), 40-APP/A (2), 424B3 (2), D/A (2), EFFECT (2), N-14 8C (2), SC 13D (2), 10-12G (1), 40-APP (1), D (1), N-54A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Feb 13, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Latest 8-K (8-K) Sep 21, 2026

Risk factors and legal proceedings

The risks Sixth Street Lending Partners names in Item 1A of its 10-K filed Feb 13, 2026: 74 risks under these headings, as written.10

  • Risks Related to Our Business and Structure
  • Our Board of Trustees may amend our Declaration of Trust without prior shareholder approval.
  • We are dependent upon management personnel of the Adviser, Sixth Street and their affiliates for our future success.
  • Regulations governing our operation as a BDC affect our ability to, and the way in which we, raise additional capital.
  • We borrow money, which magnifies the potential for gain or loss and increases the risk of investing in us.
  • Effects of Leverage Based on Actual Amount of Borrowings Incurred by us as of December 31, 2025
  • Our indebtedness could adversely affect our business, financial condition or results of operations.
  • Legislation allows us to incur additional leverage.
  • We may default under our future credit facilities.
  • Provisions in a credit facility may limit our investment discretion.
  • We may invest through joint ventures, partnerships or other special purpose vehicles and our investments through these vehicles may entail greater risks, or risks that we otherwise would not incur, if we otherwise made such investments directly.
  • We operate in a highly competitive market for investment opportunities.
The other 63 risks
  • If we are unable to source investments, access financing or manage future growth effectively, we may be unable to achieve our investment objective.
  • Even in the event the value of your investment declines, the Management Fee and, in certain circumstances, the Incentive Fee will still be payable to the Adviser.
  • To the extent that we do not realize income or choose not to retain after-tax realized net capital gains, we will have a greater need for additional capital to fund our investments and operating expenses.
  • We will be subject to corporate-level U.S. federal income tax if we are unable to maintain our qualification as a RIC under Subchapter M of the Code, including as a result of our failure to satisfy the RIC distribution requirements.
  • We can be expected to retain some income and capital gains in excess of what is permissible for excise tax purposes and such amounts will be subject to 4% U.S. federal excise tax.
  • Our Adviser and its affiliates, officers and employees may face certain conflicts of interest.
  • Our ability to enter into transactions with our affiliates is restricted.
  • Our Adviser can resign on 60 days’ notice. We may not be able to find a suitable replacement within that time, resulting in a disruption in our operations and a loss of the benefits from our relationship with Sixth Street. Any new investment advisory agreement would require shareholder approval.
  • The Adviser’s liability is limited under the Investment Advisory Agreement, and we are required to indemnify the Adviser against certain liabilities, which may lead the Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • The time and resources that individuals employed by the Adviser devote to us may be diverted and we may face additional competition due to the fact that individuals employed by the Adviser are not prohibited from raising money for or managing other entities that make the same types of investments that we target.
  • We are an “emerging growth company” under the JOBS Act, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our securities less attractive to investors.
  • Our status as an “emerging growth company” under the JOBS Act may make it more difficult to raise capital as and when we need it.
  • Any failure to maintain our status as a BDC would reduce our operating flexibility.
  • We may experience fluctuations in our quarterly results.
  • Certain investors are limited in their ability to make significant investments in us.
  • We are a non-diversified investment company within the meaning of the 1940 Act, and therefore we are not limited with respect to the proportion of our assets that may be invested in securities of a single issuer.
  • The Company may be restricted from initiating transactions as a result of the receipt of material non-public information.
  • Cybersecurity risks and cyber incidents may adversely affect our business or those of our portfolio companies by causing a disruption to our operations, a compromise or corruption of confidential information and/or damage to business relationships, or those of our portfolio companies, all of which could negatively impact our business, results of operations or financial condition.
  • Our Board of Trustees may change our investment objective, operating policies and strategies without prior notice or shareholder approval.
  • Changes in tax laws may adversely affect our business.
  • Compliance with the SEC’s Regulation Best Interest may negatively impact our ability to raise capital, which would harm our ability to achieve our investment objectives.
  • Our Declaration of Trust includes exclusive forum and jury trial waiver provisions that could limit a shareholder’s ability to bring a claim, make it more expensive or inconvenient for a shareholder to bring a claim, or, if such provisions are deemed inapplicable or unenforceable by a court, cause the Company to incur additional costs associated with such action.
  • No shareholder approval is required for certain mergers.
  • We are subject to risks associated with artificial intelligence, including the application of various forms of artificial intelligence such as machine learning technology.
  • Failure or alleged failure to comply with applicable data protection and privacy laws and regulations could subject us to ongoing costs and, in some cases, fines and reputational harm.
  • Risks Related to Economic Conditions
  • Inflation may adversely affect our business.
  • Trade negotiations and related government actions may create global supply chain issues and regulatory uncertainty for our portfolio companies and our investment strategy and adversely affect the profitability of our portfolio companies.
  • We are currently operating in a period of disruption, volatility and uncertainty in the capital markets and in the economy generally.
  • The current state of the economy and financial markets increases the likelihood of adverse effects on our financial position and results of operations.
  • Uncertainty about financial stability could have a significant adverse effect on our business, results of operations and financial condition.
  • Economic recessions or downturns could impair our portfolio companies and harm our operating results.
  • Risks Related to Our Portfolio Company Investments
  • Our investments are very risky and highly speculative.
  • Investing in upper middle-market companies involves a number of significant risks, any one of which could have a material adverse effect on our operating results.
  • An investment strategy focused primarily on privately-held companies presents certain challenges, including, but not limited to, the lack of available information about these companies.
  • The value of most of our portfolio securities will not have a readily available market price and we value these securities at fair value as determined in good faith by our Board, which valuation is inherently subjective, may not reflect what we may actually realize for the sale of the investment and could result in a conflict of interest with the Adviser.
  • The lack of liquidity in our investments may adversely affect our business.
  • Our portfolio may be focused on a limited number of portfolio companies or industries, which will subject us to a risk of significant loss if any of these companies defaults on its obligations under any of its debt instruments or if there is a downturn in a particular industry.
  • We may securitize certain of our investments, which may subject us to certain structured financing risks.
  • Because we generally do not hold controlling interests in our portfolio companies, we may not be in a position to exercise control over those portfolio companies or prevent decisions by management of those portfolio companies that could decrease the value of our investments.
  • We may not be able to realize expected returns on our invested capital.
  • By originating loans to companies that are experiencing significant financial or business difficulties, we may be exposed to distressed lending risks.
  • Our portfolio companies may incur debt or issue equity securities that rank equally with, or senior to, our investments in those companies.
  • We may be exposed to special risks associated with bankruptcy cases.
  • Our failure to make follow-on investments in our portfolio companies could impair the value of our investments.
  • Any acquisitions or strategic investments that we pursue are subject to risks and uncertainties.
  • We cannot guarantee that we will be able to obtain various required licenses in U.S. states or in any other jurisdiction where they may be required in the future.
  • Our investments in foreign companies may involve significant risks in addition to the risks inherent in U.S. investments.
  • We expose ourselves to risks when we engage in hedging transactions.
  • The market structure applicable to derivatives imposed by the Dodd-Frank Act may affect our ability to use over-the-counter (“OTC”) derivatives for hedging purposes.
  • If we cease to be eligible for an exemption from regulation as a commodity pool operator, our compliance expenses could increase substantially.
  • If we are not treated as a publicly offered regulated investment company, certain non-corporate U.S. shareholders will be treated as having received a dividend from us in the amount of such U.S. shareholders’ allocable share of the Management and Incentive Fees paid to our investment adviser and certain of our other expenses, and these fees and expenses will be treated as miscellaneous itemized deductions of such U.S. shareholders. Under current law, miscellaneous itemized deductions are generally not deductible by any such shareholder.
  • There are certain risks associated with holding debt obligations that have original issue discount or payment-in-kind interest.
  • Risks Related to Our Securities
  • There is a risk that investors in our Common Shares may not receive dividends or that our dividends may not grow over time.
  • Our distributions to shareholders may be funded from expense reimbursements or waivers of investment advisory fees, some of which are subject to repayment pursuant to our Expense Support and Conditional Reimbursement Agreement.
  • Any unrealized losses we experience on our portfolio may be an indication of future realized losses, which could reduce our income available for distribution.
  • There are severe economic consequences for defaulting investors.
  • Our shareholders will experience dilution in their ownership percentage if they opt out of our dividend reinvestment plan.
  • Special considerations for certain benefit plan investors.
  • General Risk Factors
  • We are highly dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, have a material adverse effect on our operating results and negatively affect our ability to pay dividends.
  • Changes in laws or regulations governing our operations may adversely affect our business.
  • Economic and trade sanctions could make it more difficult or costly for us to conduct our operations or achieve our business objectives.
  • The ongoing armed conflicts as a result of the Russian invasion of Ukraine and the conflict in the Middle East may have a material adverse impact on us and our portfolio companies.
  • We are subject to risks related to sustainability matters.
  • Federal Income Tax Risks

Legal proceedings

From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. We are not currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us.

The opening of Item 3, Legal Proceedings.10

Sources

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