The San Francisco Giants have sold about 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.

Arctos, another private equity firm, owns about 2 percent of the Giants, as well as stakes in the Houston Astros, the San Diego Padres and other teams.

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.