12/24/2023 0 Comments Two sigma impact fund![]() Another virtual OUD treatment provider, Bicycle Health, also made waves this summer when it raised $27 million in Series B funding round led by Questa Capital Management.įinancial terms of the deal were not disclosed. ![]() The CMS purchase represents a gradual growth of investment activity within the OUD market, which is currently estimated at nearly $2.7 billion and is expected to almost double to around $4.8 billion by 2028.Īlong with the CMS deal, virtual OUD treatment provider Ophelia Health announced last week that it had raised $50 million in a Series B funding round led by Tiger Global Management LLC. “CMS’s dedication to not only providing treatment but improving access for those who otherwise would not have been able to receive care was something that really resonated with our team,” Harris further told PE Hub. It is targeting to raise as much as 750 million, according to the source. The provider has plans in the works to soon open its first clinics in Colorado and Minnesota. According to an investor, Two Sigma has raised 425 million in its first close for the Two Sigma Impact Fund-A, LP. “They have a track record of opening up new locations in new geographies.”ĬMS currently operates in Arizona, Alaska, Indiana, Michigan, Montana, North Dakota, Ohio Texas and Wisconsin. “CMS is on the cutting edge of addressing supply issues and providing quality treatment,” Lieberthal told PE Hub. Lists Featuring This Company United States Investors with Funds Raised in 2023 463 Number of Organizations 36. Geoff Liberthal, who is a partner at Two Sigma Impact, commended CMS for what he believes is the provider’s work in improving access to MAT treatment through new clinics. Two Sigma Impact is focused on workforce impact where we anticipate innovative and thoughtful investments in humans. “When we had the opportunity to meet with the CMS team, it was clear that they were looking to build something different.” “We have been active in the behavioral health space for sometime now and have spent the past several years looking to make an investment in the medication assisted treatment space,” Harris told PE Hub. In talking about the investment side of the deal, Chris Harris, who is a managing partner at FFL Partners, said that his firm is likewise attracted to providers such as CMS that adhere to quality standards in treatment. ![]() Stavros, whose sister died from a heroin overdose approximately 20 years ago, told PE Hub that he was looking for business partners who specifically shared CMS’s “mission, vision and values of putting patient care first and who looked to us to put a huge dent in the opioid crisis.” More than 75,000 Americans died from opioid-related overdose deaths during a 12-month period ending in April 2021, the Centers for Disease Control and Prevention reported last month. “CMS provides compassionate care and harm reduction in a nice, inviting environment, a place where they can heal.” NEW YORK, Ap/PRNewswire/ - Two Sigma announced today it has launched Two Sigma Real Estate, a new business focused on making investments in private. ![]() 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.“Society has a punitive mindset about people who use drugs,” Stavros told PE Hub. Two Sigma Impact combines active, principled ownership and data. ![]() 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. Impact, the impact investing business of Two Sigma exclusively focused on workforce impact. 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.Īs of April 1, 2023, the fund has invested approximately $370M.īuilding 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. Two Sigma Impact invests in human capital-centric businesses where employees are critical to the delivery of a service or product. 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, a NYC-based mission-driven private equity business, closed its inaugural Impact Fund, at $677M. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |