Northwestern Mutual and Sixth Street have formed a new strategic partnership to support Northwestern Mutual’s long-term, diversified investment strategy for its institutional investment portfolios, which total more than $320 billion.
Under the partnership, Sixth Street will manage $13 billion of assets for Northwestern Mutual with the potential to scale. Investments will span Sixth Street’s multi-strategy private capital approach, including asset-based finance and opportunistic investments in real estate and infrastructure debt and equity.
As part of the agreement, Northwestern Mutual will acquire a minority equity interest in Sixth Street.
Northwestern Mutual’s well-diversified institutional investment portfolios back the company’s insurance and annuity products, while significantly contributing to the company’s financial strength and industry-leading policyowner dividends. Earlier, in October 2024, Northwestern Mutual announced that it expects to del
