The IPO downturn is in the 7th inning and a real pickup could arrive soon, Sixth Street CEO says

The drought in the IPO market could be near an end, according to a big investor overseeing more than $70 billion.

Alan Waxman, the CEO and co-founder of Sixth Street, believes we're in about the seventh inning of the downturn in the IPO market as he sees a"real pickup" in the pipeline. His firm has exploded in growth, invested in everything from direct lending to growth companies to real estate to insurance to sports.

"I think people are starting to look for capital and pick on their heads up and obviously having the IPO market open a little bit of a small crack that obviously helps sort of gets commerce moving again," Waxman said in his

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