On January 7, 2025, Northwestern Mutual announced a strategic partnership with Sixth Street Partners.
Northwestern Mutual announced on January 7, 2025, a strategic partnership with Sixth Street Partners, LLC (“Sixth Street”). Under the terms of the deal, Sixth Street will manage $13 billion of assets for Northwestern Mutual with the potential to scale and Northwestern Mutual will acquire a minority equity interest in Sixth Street. Further terms of the transaction were not disclosed.
Northwestern Mutual, based in Milwaukee, Wisconsin, is a financial services mutual organization providing consultation on wealth and asset income protection, education planning, retirement planning, investment advisory services, financial planning, estate planning and business planning. As February 2025, Northwestern Mutual had over $627 billion in total assets being managed across the company’s portfolios. Morgan Stanley & Co. LLC served as exclusive financial advisor to Northwestern Mutual on the transaction.
Sixth Street, headquartered in San Francisco, is a global investment firm specializing in growth equity, infrastructure, real estate, direct lending, insurance, asset-based finance, agriculture and public markets. As of February 2025, Sixth Street had over $100 billion in assets under management and committed capital, inclusive of this the strategic partnership.
To read the press release: please click here.