The Ledger
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Spotify's pre-IPO convertible debt from Sixth Street carried a $25B valuation cap
“And that came up with, it was a convertible debt instrument. It had a cap. I think the cap was at twenty five billion dollars. It had some, a current yield component.”
Blackstone acquired Sixth Street-backed data center operator AirTrunk for roughly $16 billion
“Airtrunk, which we can talk about, because that's a company we started, literally started the white sheet of paper, which is actually just got bought Blackstone for, I think sixteen billion dollars or something like that.”