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Sixth Street Partners, LLC

Company Summary

Description

Sixth Street is a global investment firm with $50 billion in assets under management. The firm operates eight investment platforms across its growth investing, adjacencies, direct lending, fundamental public strategies, infrastructure, special situations, agriculture and par liquid credit businesses.

Website

https://sixthstreet.com/

Recent news

  • 7/6/2021 - Laredo Petroleum Closes... (subscriber access)
  • 5/10/2021 - Laredo Petroleum... (subscriber access)
  • 5/10/2021 - Laredo Petroleum... (subscriber access)

Company Transactions

Date: 7/1/2021
Type: Acquisition

BUYERS:
  • Sixth Street Partners, LLC
    • SELLERS:
  • Laredo Petroleum, Inc.
    • DETAILS:

    COST: 405 $MM

    VOLUMES: 25 MBOE/d

    NOTES:
    Laredo sold off 37.5% of its operated proceed developed producing reserves in Reagan and Glasscock Counties to Sixth Street Partners for $405 million + cash-flow based earn-outs in the next six years. The divestment includes 94 MMboe in reserves (18% oil) and 25 Mboe/d in production at closing (23% oil).
    REGIONS:
  • Permian Basin