Two Seas Capital LP

Overview

Two Seas Capital LP is an investment management firm headquartered in Rye, New York, specializing in event-driven strategies that focus on legal and regulatory catalysts. Founded in 2020 by Chief Investment Officer Sina Toussi, the firm aims to generate outsized, uncorrelated returns by investing in situations involving restructurings, bankruptcies, commercial disputes, corporate malfeasance, and regulatory events. The firm's flagship vehicle, the Two Seas Global Fund, launched in the first quarter of 2021, seeks to build a balanced portfolio with attractive risk/return attributes. In December 2024, Two Seas Capital announced the addition of Altaf Mackeen as Managing Director and Head of Research, effective January 1, 2025. Mr. Mackeen brings approximately 20 years of buy-side investing experience across multiple asset classes, geographies, and industries. Prior to joining Two Seas Capital, he was a Senior Portfolio Manager at VR Capital, focusing on distressed corporate and sovereign credit investments and reorganizations in both North America and emerging markets. The firm's investment approach combines fundamental analysis, industry research, and extensive due diligence to identify potential opportunities, aiming to deliver superior investment returns to its investors. As of March 31, 2025, Two Seas Capital reported assets under management of $1.5 billion, managing 13 employees, with an average account value of approximately $115 million. The firm's portfolio includes investments in various sectors, including healthcare, technology, energy, and consumer goods, reflecting its diverse investment strategy. Two Seas Capital continues to focus on leveraging its specialized litigation expertise to identify and capitalize on unique investment opportunities, positioning itself as a significant player in the event-driven investment space.

Investment Focus

• Accredited investors only
• Long-term investment horizon
• Interest in event-driven investment strategies
• Willingness to invest in complex legal and regulatory situations
• Understanding of distressed and special situations investments
• Comfort with potential illiquidity of investments
• Alignment with the firm's focus on uncorrelated returns
• Acceptance of higher risk for potential higher returns
• Interest in a diversified portfolio across multiple asset classes
• Willingness to undergo thorough due diligence process
• Ability to meet the firm's financial suitability requirements
• Commitment to the firm's investment philosophy and strategy
• Understanding of the firm's fee structure and compensation model
• Willingness to provide necessary documentation for investment verification
• Ability to participate in periodic reporting and communication with the firm
• Interest in supporting the firm's mission and objectives
• Willingness to adhere to the firm's investment guidelines and restrictions
• Ability to invest in both public and private companies

Portfolio Companies