Giants form strategic partnership with global investment firm Sixth Street
SAN FRANCISCO -- The San Francisco Giants and Sixth Street, a leading global investment firm, today announced a new strategic partnership. Sixth Street’s significant new equity investment into the Giants will support the organization in its pursuit to be champions on and off the field.
“Sixth Street is both locally and globally recognized as one of the premier investors in sports,” said Larry Baer, Giants President and CEO. “This new partnership allows us to further strengthen our franchise on the field and in the community. This is our first significant investment in three decades and Greg Johnson and our ownership group are thrilled that Sixth Street believes, just as we do, in our strategic vision for our future as one of the world’s leading sports and entertainment franchises, as well as the important role our organization plays in uplifting San Francisco and the entire Bay Area.”
Sixth Street’s investment will allow the Giants to invest for the future in every aspect of the organization. This includes continuing to elevate and expand the Giants’ commitment to delivering a best-in-class experience in and around Oracle Park. It also provides the opportunity to continue to create and deliver memorable moments for fans through baseball and other entertainment events and experiences.
“The Giants are one of the winningest franchises in the history of professional sports, and we’re excited to be supporting their long-term tradition of excellence,” said Alan Waxman, Co-Founder and CEO of Sixth Street. “We believe in the future of San Francisco, and our sports franchises like the Giants are critical ambassadors for our city of innovation, showcasing to the world what’s only made possible here. We believe in Larry and the leadership team’s vision for this exciting new era, and we’re proud to be partnering with them as they execute the next chapter of San Francisco Giants success.”
The Raine Group served as exclusive financial advisor and Pillsbury Winthrop Shaw Pittman LLP served as legal counsel to the Giants. PJT Partners served as exclusive financial advisor and Latham Watkins LLP served as legal counsel to Sixth Street.