The San Francisco investment giant, which manages more than $75 billion, plans to further its commitment to Dallas by adding new office space uptown.
Sixth Street plans to add another floor at 2100 McKinney Avenue.
Sixth Street focuses on long-term, flexible capital and works across a variety of industries and themes, including infrastructure, real estate, direct lending, and agriculture. It has invested in well-known companies such as Airbnb and Spotify.
The company's broad prospectus has led it to bet on areas with significant growth potential and ambition. That includes moving into the world of professional sports. For example, Sixth Street invested in Spanish soccer club Real Madrid and co-founded Bay FC, part of the National Women's Soccer League.
In Texas, the company owns stock in the San Antonio Spurs and an interest in Legend Hospitality, a premium experience company co-founded by the Dallas Cowboys and New York Yankees. One of his major Dallas-Fort Worth-related investments includes Irving-based Charis injecting his life into his science.
In the nearly 10 years since Sixth Street opened in Dallas, the local office has grown into one of the largest.
The company has about 200 employees in Dallas and has nearly doubled its workforce in the past few years.
Roles in the Dallas office include finance, accounting, technology and professional services. Many investment professionals are also based in Dallas.
The company's expansion indicates its continued expansion plans in the region.
The company plans to add 28,000 square feet to the 19-story 2100 McKinney building, according to filings with the Texas Department of Licensing and Regulation.
Construction on the 6th Street space is expected to begin in April, with a handover date set for mid-October, according to the filing. Construction costs are estimated at $3.2 million.
Ferro Collective is listed as the design firm in the application.
CBRE happens to have its global headquarters in that building and manages 2100 McKinney. CBRE's Tommy Nelson and Clay Gilbert are leasing the property.
