Sixth Street

Sixth Street TAO Partners (B) LP

Sixth StreetVINTAGE 2020

NET IRR

9.5%

TVPI

1.38x

DPI

0.58x

COMMITMENT

$50M

LP SOURCES

4

VALUATION SPREAD1.36x – 1.38x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$50M$63.7M9.5%1.38x0.58xSOURCE ↗
CalSTRS2025-06-30$250M$193.5M11.2%1.36x0.09xSOURCE ↗
Illinois TRS2025-06-30SOURCE ↗
Wisconsin SWIB2024-12-31SOURCE ↗