Dealflow | May 3, 2021

Two Sigma Impact and Avance acquire Wholesale Supplies to supply artisans with quality products

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, May 3 — Hedge fund Two Sigma in January launched Two Sigma Impact, a nine-figure impact investing business from its own balance sheet to prove the correlation between good jobs and business value.

Its first investment was in Penn Foster (see, “Two Sigma Impact and BayPine invest in workforce educator Penn Foster”)

Two Sigma Impact and New York-based private equity firm Avance Investment Management are acquiring Wholesale Supplies Plus, an e-commerce platform that sells ingredients, packaging and other supplies to commercial artisans.