Sixth Street, a global investment firm, and Michael Dell, an American billionaire businessman and philanthropist, agreed to invest in San Antonio Spurs, an American professional basketball team based in San Antonio. Financial terms were not disclosed. "The San Antonio Spurs are one of the most successful and admired franchises in sports. We have deep respect for how the team has built and sustained its championship culture and earned the fierce loyalty of the Spurs community through its discipline, willingness to innovate, and commitment to fairness and equality both on and off the court. We thank the Holts and the NBA for welcoming us as partners and we look forward to joining Michael Dell in supporting Peter’s vision for the future of the Spurs in San Antonio," Alan Waxman, Sixth Street Co-Founder and CEO.