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Sixth Street leads race to buy Allianz’s US annuity book
Credit investment firm spun out of TPG in 2020 snapping up insurance assets via its Tao fund
![Allianz and Sixth Street Allianz and Sixth Street](/sites/default/files/styles/landscape_750_463/public/2021-11/Allianz-and-Sixth-Street.jpg.webp?h=088b3ea2&itok=967HGkK8)
A consortium led by private equity and credit investment firm Sixth Street is in pole position to acquire a portfolio of US fixed annuities from Allianz, after beating rival suitors with a bid valued at around $4 billion, according to two sources familiar with the matter.
The fixed annuities up for sale – which guarantee a regular stream of income to retirees – are backed by at least $37 billion in assets.
Boutique investment bank Ardea Partners is advising Allianz on the sale process
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