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.

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.

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.