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.

The San Francisco Giants have sold a 10% stake in the franchise to Sixth Street Partners, joining the list of sports teams that have sold a significant stake to private equity.

The San Francisco Giants made a significant addition to their ownership group on Monday, selling 10% of the team to Sixth Street, a San Francisco-based private equity firm. “This is our first significant investment in three decades,