Blue Owl Capital and Sixth Street Growth led a $385m Series E funding round in Vestwell.

Blue Owl Capital, a global alternative asset manager, and Sixth Street Growth, the dedicated growth investing arm of Sixth Street, led a $385m Series E funding round in Vestwell, with participation from Neuberger Berman, SLW, Morgan Stanley, Franklin Templeton, TIAA Ventures and HarbourVest. "We're focused on an ambitious goal to close the $50tn savings gap in America," said Aaron Schumm, founder and CEO of Vestwell. "This capital allows us to move faster on the work that matters most. It reflects strong confidence from leading investors in our unified savings platform and our ability to scale across payroll, partners, and products. We're deepening the intelligence behind the platform and expanding access beyond retirement so more people can save in ways that best fit their lives," Aaron Schumm, Vestwell Founder and CEO.