Key Takeaways
- • Sixth Street named Julian Salisbury partner and Co-Chief Investment Officer alongside CEO Alan Waxman and Co-President Joshua Easterly, with a start expected in early 2024.
- • Salisbury most recently served as Chief Investment Officer of Goldman Sachs' Asset and Wealth Management Division, which he led with $2.7 trillion in assets, including more than $450 billion in alternative investments.
- • Sixth Street, which reports over $65 billion in AUM and committed capital, is adding a senior investor to lead its international market opportunities.
- • Salisbury previously co-chaired Goldman Sachs' direct private investment committees spanning growth, real estate, private credit, private equity, and infrastructure.
Summary
San Francisco-based Sixth Street, a global investment firm, announced on July 28, 2023 that Julian Salisbury will join as a partner and serve as Co-Chief Investment Officer alongside Chief Executive Officer Alan Waxman and Co-President Joshua Easterly. Salisbury is expected to start in early 2024 and will work with Waxman, Easterly, Vice Chairman R. Martin Chavez, Co-President David Stiepleman and the firm's Executive Committee. The firm said the appointment is intended to drive international market opportunities.
Salisbury brings more than 25 years of experience building and leading private and public markets investing businesses. At Goldman Sachs he most recently served as Chief Investment Officer of the Asset and Wealth Management Division, responsible for $2.7 trillion in assets, including more than $450 billion in alternative investments. He previously served as Co-Head of Goldman Sachs Asset Management and Global Head of the Merchant Banking Division, and was named to Goldman's Management Committee in 2017. He also co-chaired investment committees across direct private strategies, including growth, real estate, private credit, private equity, and infrastructure.
Waxman said Salisbury understands how asset owners' needs drive the flow of capital globally, and described him as a trustworthy partner. The two first worked together in 2002 on an investment in a Swiss cable company. Salisbury said Sixth Street's culture, platform architecture and investment philosophy align with his view of how to build a modern investment firm, and cited his long-standing relationships with the partner group.
Sixth Street describes itself as a flexible, cross-platform investor that invests for growth, acquires assets, provides direct financing and creates bespoke capital solutions. It has more than 500 investment and control-side professionals and manages over $65 billion in assets under management and committed capital. Its Sixth Street TAO platform includes Talcott Financial Group, an international life insurance group with $123 billion in assets under management. Notable investments and partnerships include Airbnb, AirTrunk, Biohaven, Spotify and several sports franchises.
Salisbury brings more than 25 years of experience building and leading private and public markets investing businesses. At Goldman Sachs he most recently served as Chief Investment Officer of the Asset and Wealth Management Division, responsible for $2.7 trillion in assets, including more than $450 billion in alternative investments. He previously served as Co-Head of Goldman Sachs Asset Management and Global Head of the Merchant Banking Division, and was named to Goldman's Management Committee in 2017. He also co-chaired investment committees across direct private strategies, including growth, real estate, private credit, private equity, and infrastructure.
Waxman said Salisbury understands how asset owners' needs drive the flow of capital globally, and described him as a trustworthy partner. The two first worked together in 2002 on an investment in a Swiss cable company. Salisbury said Sixth Street's culture, platform architecture and investment philosophy align with his view of how to build a modern investment firm, and cited his long-standing relationships with the partner group.
Sixth Street describes itself as a flexible, cross-platform investor that invests for growth, acquires assets, provides direct financing and creates bespoke capital solutions. It has more than 500 investment and control-side professionals and manages over $65 billion in assets under management and committed capital. Its Sixth Street TAO platform includes Talcott Financial Group, an international life insurance group with $123 billion in assets under management. Notable investments and partnerships include Airbnb, AirTrunk, Biohaven, Spotify and several sports franchises.
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