Sixth Street Advisers, Llc
SEC-registered
Private Fund Manager · Mega ($100B+)
CRD 159014
· SEC file 801-72845
· Dallas, TX
· LINKEDIN.COM
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ADV data as of May 14, 2026
- Regulatory AUM
- $102B
- Discretionary
- $102B
- Clients
- 177
- Avg AUM / client
- $574M
- Accounts
- 177
- Employees
- 703
AUM over time
$0
$102B
Nov 2011
May 2026
Annual snapshots from Form ADV filings · as of May 14, 2026
Asset allocation (SMA assets by investment type)
as of May 14, 2026
Pooled investment vehicles
$63.0B
62%
Other
$29.5B
29%
Registered investment companies (funds/ETFs)
$4.1B
4%
Cash & equivalents
$4.1B
4%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 162 | $91.2B | 89.8% |
| State or municipal government entities | 1 | $685M | 0.67% |
| Insurance companies | 13 | $9.3B | 9.17% |
| Corporations and other businesses | 1 | $411M | 0.4% |
Private funds (129)
View all →Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $66.8B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Sixth Street Tao Partners (C), L.P. | Private Equity Fund | Delaware | $12.4B | 69 |
| Sixth Street Tao Partners (B), L.P. | Private Equity Fund | Delaware | $6.0B | 74 |
| Sixth Street Tao Partners, L.P. | Private Equity Fund | Delaware | $3.1B | 8 |
| Sixth Street Growth Partners Ii (A), L.P. | Private Equity Fund | Delaware | $2.0B | 41 |
| Sixth Street Opportunities Partners V (A), L.P. | Private Equity Fund | Delaware | $1.8B | 44 |
| Sixth Street Opportunities Partners V (B), L.P. | Private Equity Fund | Delaware | $1.7B | 30 |
| Sixth Street Opportunities Partners Iv (A), L.P. | Private Equity Fund | Delaware | $1.7B | 59 |
| Tao (B) Aiv Ii A, L.P. | Private Equity Fund | Delaware | $1.5B | 0 |
| Sixth Street Growth Partners Ii (B), L.P. | Private Equity Fund | Delaware | $1.5B | 21 |
| Sixth Street Madrone Strategic Holdings I, L.P. | Hedge Fund | Delaware | $1.5B | 2 |
| Sixth Street Fundamental Strategies Partners (B), L.P. | Private Equity Fund | Delaware | $1.4B | 12 |
| Sixth Street Specialty Lending Europe Ii, L.P. master | Private Equity Fund | Delaware | $1.4B | 11 |
| Sixth Street Tao Partners (E), L.P. | Private Equity Fund | Delaware | $1.1B | 19 |
| Sixth Street Opportunities Partners Iv (B), L.P. | Private Equity Fund | Delaware | $1.1B | 37 |
| Sixth Street Growth Partners (A), L.P. | Private Equity Fund | Delaware | $983M | 16 |
People (14)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Waxman, Alan, Samuel | Chief Executive Officer, Managing Partner, & Co Chief Investment Officer | May 2009 (17y) | Less than 5% | |
| Stiepleman, David, Eric | Co President | Jun 2010 (16y) | Less than 5% | |
| Pluss, Steven, Sam | Chief Risk Officer | Aug 2014 (12y) | Less than 5% | |
| Gordon, Jennifer, E. | Chief Compliance Officer | Oct 2014 (12y) | Less than 5% | |
| Easterly, Joshua, William | Co President & Co Chief Investment Officer | Jun 2017 (9y) | Less than 5% | |
| Muscolino, Anthony, Michael | Executive Committee Member | Jun 2017 (9y) | GP / trustee / elected manager of Sixth Street Gp, Llc (indirect) | |
| Dillard, Matthew, Brady | Executive Committee Member | May 2020 (6y) | GP / trustee / elected manager of Sixth Street Gp, Llc (indirect) | |
| Moghbel, Bornah | Executive Committee Member | May 2020 (6y) | GP / trustee / elected manager of Sixth Street Gp, Llc (indirect) | |
| Chavez, Ramon, Martin | Executive Committee Member | May 2021 (5y) | GP / trustee / elected manager of Sixth Street Gp, Llc (indirect) | |
| Peck, Joshua, E. | General Counsel | Jan 2022 (5y) | Less than 5% | |
| Salisbury, Julian, Charles | Executive Committee Member | Jan 2024 (3y) | Less than 5% | |
| D'arcy, Brian, Edward | Executive Committee Member | Feb 2024 (3y) | GP / trustee / elected manager of Sixth Street Gp, Llc (indirect) | |
| Korn, Adam, M | Executive Committee Member | Feb 2024 (3y) | Less than 5% | |
| Feldman, Mark, C | Chief Financial Officer | Oct 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Sixth Street Opportunities Advisers Holdings, Llc | Member | May 2020 | A | 75% or more |
| Tssp Management Holdings, L.P. | Limited Partner | Aug 2024 | B | ≈ 23.73% – 100% via Maple (M) Issuer, Llc |
| Sixth Street Partners Management Company, L.P. | Member | Jul 2020 | B | ≈ 42.19% – 100% via Sixth Street Partners Management Sub, Llc |
| Sixth Street Founders Management, L.P. | Limited Partner | Jun 2017 | B | ≈ 17.8% – 100% via Tssp Management Holdings, L.P. |
| Sixth Street Partners Management Sub, Llc | Member | Jul 2020 | B | ≈ 56.25% – 100% via Sixth Street Opportunities Advisers Holdings, Llc |
| Maple (M) Issuer, Llc | Limited Partner | Aug 2024 | B | ≈ 31.64% – 100% via Sixth Street Partners Management Company, L.P. |
| Tssp Holdco Management, Llc | Managing Member | May 2020 | B | GP / trustee / elected manager of Sixth Street Opportunities Advisers Holdings, Llc (indirect) |
| Sixth Street Gp, Llc | General Partner | Feb 2012 | B | GP / trustee / elected manager of Sixth Street Partners Management Company, L.P. (indirect) |
| Sixth Street Gp Sub, Llc | General Partner | Sep 2021 | B | GP / trustee / elected manager of Sixth Street Founders Management, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Tssp Management Holdings, L.P.: 75% – 100% of Maple (M) Issuer, Llc × 75% – 100% of Sixth Street Partners Management Company, L.P. × 75% – 100% of Sixth Street Partners Management Sub, Llc × 75% – 100% of Sixth Street Opportunities Advisers Holdings, Llc × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Sixth Street Partners Management Company, L.P.: 75% – 100% of Sixth Street Partners Management Sub, Llc × 75% – 100% of Sixth Street Opportunities Advisers Holdings, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Sixth Street Founders Management, L.P.: 75% – 100% of Tssp Management Holdings, L.P. × 75% – 100% of Maple (M) Issuer, Llc × 75% – 100% of Sixth Street Partners Management Company, L.P. × 75% – 100% of Sixth Street Partners Management Sub, Llc × 75% – 100% of Sixth Street Opportunities Advisers Holdings, Llc × 75% – 100% direct ≈ 17.8% – 100% of the firm
- Sixth Street Partners Management Sub, Llc: 75% – 100% of Sixth Street Opportunities Advisers Holdings, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Maple (M) Issuer, Llc: 75% – 100% of Sixth Street Partners Management Company, L.P. × 75% – 100% of Sixth Street Partners Management Sub, Llc × 75% – 100% of Sixth Street Opportunities Advisers Holdings, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (129, $66.8B gross assets)
Top 25 of 129 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/14/2026 | 48.6 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
This firm answered "yes" to a disciplinary item on its latest filing. Detailed disclosure pages for this filing have not been imported yet — see the source filing below.
How they charge
- • Percentage of assets under management
- • Performance-based fees
- • Other fees
- • CARRIED INTEREST
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $3.3B (3% of AUM) May 2026
- Citibank $2.4B (2% of AUM) May 2026
- Computershare Trust Company, N.A. $2.2B (2% of AUM) May 2026
- J.P. Morgan $1.3B (1% of AUM) May 2026
- State Street $843M (1% of AUM) May 2026
- U.S. Bank $411M (0% of AUM) May 2026
- Computershare $381M (0% of AUM) Feb 2026
- Bnp Paribas $175M (1% of AUM) Dec 2018
- Northern Trust $29.2M (0% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 14, 2026.
View current Form ADV (SEC/IAPD) ↗