Sixth Street Sees Wins in Europe’s Dysfunctional Capital Markets

Sixth Street Partners is scaling up in London, betting that dysfunctional debt and equity capital markets across Europe will create more investment opportunities.

Executives in Europe are increasingly avoiding the public markets or looking to sell their firms to US buyers for higher valuations, according to Julian Salisbury, partner and co-chief investment officer for Sixth Street. That presents opportunities to Sixth Street, which provides financing for European firms that are still private or in pursuing takeovers of already-listed firms, according to Salisbury.