California-based TPG Sixth Street Partners, a credit and credit-related investment platform of TPG Capital, is seeking $2 billion for its vehicle, TSSP Capital Solutions.
TSSP Capital Solutions will infuse across assets from structured and preferred equity to debt deals in late-stage growth companies.
The company is gathering capital in a hot fundraising market as investors search for greater yield. TSSP Capital Solutions has a commitment from the San Luis Obispo County Pension Trust.
The Washington State Investment Board, state retirement and public funds manager, is considering a $200 million investment, subject to full board approval this week.