Two Sigma chooses chairman for private marketplaces business

J. Tomlinson Hill was named chairman of Two Sigma’s non-public financial investment company, masking the firm’s 3 personal equity and enterprise capital units.

The role is new, a news release said.

Mr. Hill sets the technique and expansion options across the private financial commitment businesses and will direct any enlargement of the personal investment decision enterprise. The non-public expense organization has $3 billion in assets under management, a spokesman said.

Two Sigma Effects, introduced late final calendar year, is a private equity device, concentrating on workforce impression and good social outcomes Two Sigma Ventures is an early stage venture cash company and Sightway Funds is a personal fairness business concentrated on investing in and making businesses in info-rich industries this sort of as financial providers and genuine belongings.

“We have acknowledged Tom for over 20 years and he has often been a sturdy advocate for the skill of technologies and information to enable resolve the toughest worries throughout financial services, which is core to Two Sigma’s mission,” David Siegel, co-founder and co-chairman of Two Sigma, said in the release.

John Overdeck, co-founder and co-chairman, extra that the non-public investments enterprise “is an critical part of the upcoming of Two Sigma and we are self-assured in our skill to supply differentiated returns in private markets beneath Tom’s leadership.”

Mr. Hill was a marketing consultant with Two Sigma given that early 2019. He was president and CEO of Blackstone Alternate Asset Administration and vice chairman of Blackstone Team prior to that.

The firm has a overall $58 billion in belongings less than administration.