Two Sigma closes on $1.2 billion in private equity commitments

Quantitative specialist firm Two Sigma announced that it had closed on its Sightway Capital I with $1.2 billion in investor commitments. For the growing $48 billion New York firm, private equity and venture capital has been a popular offshoot. Earlier this month, Two Sigma’s venture capital arm raised up to $230 million for its third fund, which reportedly was set to raise $250 million. Two Sigma Ventures was initially a strategy for firm insiders including founders John Overdeck and David Siegel and was built out beginning in 2011 by Colin Beirne. In the case of Sightway Capital, it is a newer effort of the past year to invest in opportunities in asset-intensive and data rich industries relying on Two Sigma’s strengths in data science and technology to help portfolio companies and enhance the investment process and develop data-driven investment opportunities. “With the closing of our first fund and the support of our new partners, we believe Two Sigma’s private equity efforts are well positioned to build on the current momentum of our portfolio companies,” said Wray Thorn, Sightway’s chief investment officer. “We plan to invest this additional capital to further scale our established platform company investments and to drive long-term value for our investors.” Sightway Capital Fund I received commitments from a diverse group of institutional investors and has ensured deep alignment through significant internal capital commitments, officials add.

Two Sigma closes on $1.2 billion in private equity commitments

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