Sixth Street to Manage $13 Billion for Northwestern Mutual

Sixth Street and Northwestern Mutual Life Insurance Co. have entered in a partnership, the latest move by a large asset manager to deepen ties with the insurance industry.

Through the new relationship, Sixth Street will manage $13 billion of capital for Northwestern Mutual, directing part of it to asset-based finance and investments in real estate and infrastructure debt and equity, the insurer said in a statement Tuesday.

Northwestern Mutual will acquire a minority equity stake in Sixth Street.

“This new partnership with Sixth Street significantly expands Northwestern Mutual’s investment capabilities by providing increased access to attractive private investments,” Northwestern Mutual ...