The Investment Firm That Can 'Do Anything' | Sixth Street CEO Alan Waxman

Video Description

Alan Waxman, CEO of Sixth Street, shares insights from his journey from Goldman Sachs' Special Situations Group to building one of the most flexible investment firms in the world. He discusses the concept of "unitizing risk and return" across asset classes, his firm's unique approach to go-anywhere investing, and notable deals including Spotify, Airbnb, and Real Madrid. Waxman explains how Sixth Street's culture of collaboration and entrepreneurial mindset enables them to create bespoke solutions for CEOs through whiteboarding sessions. He also reflects on mentorship, the importance of asking questions, and building a firm that prioritizes being investor-first while maintaining strong culture and values. TIMESTAMPS: 0:00 Intro 0:38 The Formative Goldman Sachs Experience 5:58 Unitizing Risk and Return 10:09 Facing the Tiger: Culture and Values 24:55 The Genesis of Sixth Street 34:09 Spotify and Airbnb Investments 37:52 The Flexibility of TAO 41:42 COVID-19: Playing Offense 44:42 Analyzing Risk and Business Models 48:35 Investing in Sports and Live Experiences 54:44 Developing Investment Themes 58:16 Personal Development and Firm Culture 1:19:00 The Future of Sixth Street 1:21:52 The Kindest Thing #InvestLikeTheBest #SixthStreet #AlanWaxman #PrivateEquity #Investing #GoldmanSachs #Spotify #Airbnb #RiskManagement #AlternativeInvestments Presented by Ramp: https://ramp.com/business-cards?utm_s Sponsored by AlphaSense and Ridgeline: https://www.alpha-sense.com/invest/ https://www.ridgelineapps.com/ ****** Patrick O'Shaughnessy is the CEO of Positive Sum. All opinions expressed by Patrick and podcast guests are solely their own and do not reflect the opinion of Positive Sum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of Positive Sum may maintain positions in the securities discussed in this podcast. To learn more, visit psum.vc