Simpson Thacher represented Sixth Street Growth in connection with its investment in Vestwell, which raised $385 million in Series E funding. The round was led by funds managed by Blue Owl Capital and Sixth Street Growth, with participation from new and existing investors. A portion of the proceeds from the financing were used to assist Vestwell in connection with its acquisition of Accrue 401k.
Vestwell is a financial technology company that provides a comprehensive suite of workplace savings solutions, including retirement plans, student loan repayment benefits, and specialized accounts for education, emergencies, and disability savings.
The Simpson Thacher team includes Katherine Krause, Louis Argentieri and Christopher Haughey (M&A); Jennifer Albrecht (Banking and Credit); Erica Rozow (Executive Compensation & Employee Benefits); and David Blass and Meredith Abrams (Asset Management).