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Thomas Miller for USQ

Thomas Miller

Managing Director
USQ Interval Funds

Kennett Square, PA


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About Thomas

Tom Miller is Chief Executive Officer and Chief Investment Officer of Union Square Capital Partners, with a current focus in USQ's interval fund strategies.

Previously, Tom was Head of Manager Research at Nationwide Investment Management Group. Prior to joining Nationwide, Tom was a financial analyst at the Vanguard Group, Inc. and a product manager at Delaware Investments. Tom holds a bachelor’s degree in business from the Pennsylvania State University and earned his doctorate from Drexel University’s LeBow School of Business.



What is an interval fund?

Interval funds are classified as registered closed-end funds under the Investment Company Act of 1940, although interval funds have characteristics more like those of an open-end mutual fund. Interval funds offer their shares continuously and shares are redeemed at Net Asset Value (NAV) — similar...
Market Update

Quarterly market review - Q4 2022

The 4th quarter of 2022 provided some much-welcomed relief for many asset classes. The S&P 500 posted a return of +7.56% for the quarter. Fixed income returns were also positive posting a return of +1.87% (Bloomberg U.S. Agg. Bond Index TR). Publicly traded REITs (as measured by the MSCI US Real...

NCREIF Fund Index - Open End Diversified Core Equity

The NCREIF Fund Index - Open End Diversified Core Equity (NFI-ODCE), is an index of investment returns of the largest private real estate funds pursuing lower risk investment strategies utilizing low leverage and generally represented by equity ownership positions in stable U.S. operating...


  • Doctorate, Business
  • Chartered Financial Analyst (CFA)
  • Master of Business Administration (MBA)

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