Tspi, Lp

TSPI, LP (doing business as Sightway Capital) is an SEC-registered investment adviser that provides discretionary investment management to privately offered pooled vehicles, notably the Sightway Funds and the TSPI Fund. The firm manages predominantly institutional, illiquid private investments and related co-investment or fund-of-one vehicles, with approximately $1.9 billion in regulatory assets under management as of December 31, 2025.

Sightway’s strategies are long-term and discretionary, focused on building platform companies in asset-intensive industries and making direct private investments across private equity, credit, real assets, infrastructure, real estate and venture capital. The firm commonly takes board or control positions in portfolio companies, pursues co-investments alongside funds, and the TSPI Fund in particular seeks investments in less-liquid markets to capture illiquidity premiums and to diversify from systematic hedge fund strategies.

Sightway is distinct among peers in its integration with the broader Two Sigma group: it relies materially on affiliated data-analytics and operational services and personnel provided by related entities, and it is affiliated with broker-dealers and entities registered as a commodity pool operator/commodity trading advisor. The firm’s governance and oversight structure has been subject to recent management-committee-level disputes and related dispute-resolution activity, a factor that may affect oversight and decision-making relative to other private-fund managers.