Two Sigma
Beacon Fund (tax-aware long/short private fund)
OpenPrivate fund for qualified purchasers, placed through wealth platforms (UBS for Beacon Fund LP, Goldman Sachs for the Beacon Access LLC feeder). Form D filings show sales through 2026-10.
- Assets
- $976M contrib.
- Fee a year
- Not disclosed
- Minimum
- $5M
- Tracking error
- Not disclosed
- Investors
- 69
- Open to
- Qualified purchasers
- Leverage
- Not published
- Lock-up
- Not published
- Holdings
- Not disclosed
- Benchmark
- Not disclosed
- Custodians
- Not disclosed
- Access
- Through an advisor, on advisor platforms
- Launched
- 2025
- Assets, in detail
- As of 2026-04. Form D total amount sold for Two Sigma Beacon Fund, LP (amendment 2026-04-28): $975.7M from 69 investors since the first sale on 2025-08-01. Form ADV data (via privatefunddata): gross assets $805.8M, 47 beneficial owners, $5M minimum, feeder into Two Sigma Blazar Master Fund, LLC ($1.69B gross assets, 298 beneficial owners, other feeders not named). Not added: Beacon Access LLC (a Goldman Sachs fund of funds, so it double counts) and Beacon Bridge Fund, LP (link to the master not public).
- Fee schedule
- Not published.
- Tracking error, method
- Not disclosed.
- Capacity and queue
- Beacon Access LLC (Goldman Sachs) gives access at a $500K minimum.
Assets over time
Funds 3
| Fund | Year | Amount | Note |
|---|---|---|---|
| Two Sigma Beacon Fund, LP | 2025 | $976M2026-04 | Form D amount sold, 69 investors, 3(c)(7), placement agent UBS. Form ADV gross assets $805.8M (via privatefunddata). Feeder into Two Sigma Blazar Master Fund, LLC. CIK 2081644. |
| Two Sigma Beacon Access LLC | 2025 | $264M2026-10 | Form D amount sold, 171 investors, 3(c)(7), placement agent Goldman Sachs. Goldman Sachs Asset Management fund of funds with a $500K minimum, so it double counts with the main fund. Not in aumUsd. CIK 2091374. |
| Two Sigma Beacon Bridge Fund, LP | 2026 | $437M2026-09 | Form D amount sold, 7 investors, 3(c)(7), first sale 2026-09-01. Its link to the master fund is not public. Not in aumUsd. CIK 2140061. |
Sources
Checked 2026-10. Confidence: medium.
- Bloomberg Tax: Two Sigma debuts hedge fund to capitalize on tax-aware boom (2025-12-03)
- EDGAR Form D/A: Two Sigma Beacon Fund, LP (2026-04-28)
- EDGAR Form D/A: Two Sigma Beacon Access LLC (2026-10-16)
- EDGAR Form D: Two Sigma Beacon Bridge Fund, LP (2026-09-15)
- Private Fund Data: Two Sigma Beacon Fund, LP (Two Sigma Form ADV data)
- Private Fund Data: Two Sigma Blazar Master Fund, LLC (Two Sigma Form ADV data)
Where to get it
The same product costs a different amount through each door. The all-in fee adds the access provider's own fee to the product fee. Placement fees, financing, and fund expenses are extra.
No access provider in our data names this product yet.
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