Sixth Street in $13 Billion Strategic Partnership With Northwestern Mutual

Cleary Gottlieb represented Sixth Street in its establishment of a strategic relationship with Northwestern Mutual, pursuant to which Sixth Street will manage $13 billion of assets for Northwestern Mutual with the potential to scale.

Investments will span Sixth Street’s multistrategy private capital approach, including asset-based finance and opportunistic investments in real estate and infrastructure debt and equity. As part of the agreement, Northwestern Mutual also acquired a minority equity interest in Sixth Street.

Sixth Street is a leading global investment firm with over $100 billion in assets under management and committed capital. Northwestern Mutual is a leading financial services provider of insurance and wealth products.