All articles tagged with #sixth street
Originally Published 3 months ago — by The Boston Globe
The New England Patriots are selling minority stakes to Dean Metropoulos and Sixth Street, valuing the franchise at over $9 billion, allowing the Kraft family to raise significant capital without losing control.
Originally Published 3 months ago — by Sportico.com
The New England Patriots are selling an 8% stake at a valuation of over $9 billion to private equity firm Sixth Street and billionaire Dean Metropoulos, with the Kraft family retaining over 90% ownership. This deal is among the highest NFL team valuations and marks Sixth Street's first NFL investment, reflecting the league's growing interest from private equity firms.
Originally Published 1 year ago — by Financial Times
Private investment group Sixth Street is investing $4 billion in a vehicle to purchase loans from US fintech Affirm, enabling Affirm to issue up to $20 billion in new consumer loans over the next three years. This partnership reflects a growing trend where private credit funds collaborate with consumer credit providers to offload debt and free up lending capacity. The deal is part of a broader industry movement, with firms like SoFi and Klarna also engaging in similar agreements to manage risk and expand lending capabilities amid economic challenges.
Originally Published 1 year ago — by CNBC
Affirm Holdings has secured a $4 billion loan deal with private credit firm Sixth Street, marking its largest-ever capital commitment. This partnership will allow Affirm to underwrite short-term installment loans, with the potential to extend over $20 billion in loans over three years. The deal highlights the growing trend of fintech companies partnering with private credit firms for scalable financing solutions. Affirm's funding capacity has grown significantly, and the company continues to expand its buy now, pay later offerings amid increasing demand.
Originally Published 2 years ago — by FOX 7 Austin
One person was killed and three others were injured in an officer-involved shooting on Sixth Street in Austin, Texas. The incident occurred when officers responded to a report of a person attempting to enter a bar with a gun. The suspect pointed his firearm at the officers and bystanders, prompting three officers to fire at him. The suspect sustained multiple gunshot wounds and died, while three bystanders were taken to the hospital. The shooting was captured on body-worn cameras, and investigations will be conducted by the APD Special Investigations Unit and the Travis County District Attorney's Office. The officers involved will be placed on administrative duty.
Originally Published 2 years ago — by KXAN.com
Two people were injured in a bar on Sixth Street in Austin when a gun accidentally went off inside someone's pocket, ricocheting and hitting them. The injuries were minor, and one person was taken to the hospital. The bar had security guards who search patrons, but the individual managed to get past them. The incident highlights safety concerns in the area, which has seen previous shootings. Texas law restricts carrying firearms at places that sell alcohol, but it's unclear if the bar had the required signage. The Austin Police Department is investigating the incident.
Originally Published 2 years ago — by The Athletic
The National Women's Soccer League (NWSL) has awarded expansion rights to an investment group led by Sixth Street, which includes former players Brandi Chastain, Leslie Osborne, Danielle Slaton, and Aly Wagner. The team will be based in the Bay Area and will begin playing in 2024. Sixth Street has invested $125 million, with $53 million covering the NWSL's expansion fee. The team's name and identity will be revealed later. The Bay Area has committed to building a world-class practice facility, and the team will play in a stadium yet to be announced. The NWSL is still looking for two more teams.