Two Sigma chooses chairman for personal marketplaces small business

J. Tomlinson Hill was named chairman of Two Sigma’s non-public expenditure enterprise, covering the firm’s three personal fairness and enterprise money units.

The purpose is new, a news launch claimed.

Mr. Hill sets the technique and development ideas across the non-public expenditure corporations and will direct any growth of the personal financial commitment enterprise. The personal financial commitment small business has $3 billion in belongings under management, a spokesman reported.

Two Sigma Influence, introduced late past 12 months, is a personal equity unit focusing on workforce effect and positive social results Two Sigma Ventures is an early-phase enterprise money business and Sightway Cash is a non-public fairness small business concentrated on investing in and constructing businesses in facts-prosperous industries this sort of as money products and services and true assets.

“We have acknowledged Tom for about 20 a long time and he has constantly been a potent advocate for the capacity of technology and information to enable resolve the toughest difficulties across monetary services, which is main to Two Sigma’s mission,” David Siegel, co-founder and co-chairman of Two Sigma, mentioned in the launch.

John Overdeck, co-founder and co-chairman, included that the personal investments enterprise “is an important section of the foreseeable future of Two Sigma and we are self-assured in our ability to provide differentiated returns in non-public markets underneath Tom’s management.”

Mr. Hill was a consultant with Two Sigma because early 2019. He was president and CEO of Blackstone Alternative Asset Management and vice chairman of Blackstone Team prior to that.

The organization has a complete $58 billion in property below management.