Two Sigma Impact, a NYC-based mission-driven private equity business, closed its inaugural Impact Fund, at $677M.
The fundraise received support from a range of institutional investors, including pension funds, endowments, foundations, and family offices, along with capital from the Two Sigma Impact team and Two Sigma leadership.
Two Sigma Impact invests in human capital-centric businesses where employees are critical to the delivery of a service or product. The fund has made six investments in companies spanning healthcare, consumer, education & training, and business services, partnering with management teams that are aligned with its focus on job quality and workforce issues.
As of April 1, 2023, the fund has invested approximately $370M.
Building on its investment portfolio, the firm has concurrently launched the Good Job Score Assessment Tool, an instrument designed to assess job quality in a quantitative manner. The GJS Assessment Tool evaluates job quality and worker satisfaction through the administration of a 12-item questionnaire across what Two Sigma Impact has defined as the four key dimensions of a Good Job: Leadership, Purpose, Growth and Fairness.
Two Sigma Impact is currently working with its companies to administer the GJS Assessment Tool across its portfolio and will seek to use it while evaluating prospective new investments.
FinSMEs
13/04/2023