These are some of the Venture Capitals to launch their investment funds recently:
SkyBridge Capital launches Bitcoin Custodian Fund
The US based global alternative investment organization, SkyBridge Capital announced launching a Bitcoin custodian fund named “SkyBridge Bitcoin fund LP” on 6th January 2021. They are hoping to attract a few will the individuals with their latest move towards the cryptocurrency.
The Bitcoin Fund LP will offer the investors digital asset exposure while taking care about custodianship.
Skybridge Capital and a few other affiliates have invested US$ 25.3 million for launching the investment fund and are looking forward to attracting mass affluent investors after the launch. The lines are needed to invest a minimum US$ 50,000 for qualifying SkyBridge with a 75 basis point management charge for the service.
Anthony Scaramucci, the founder and managing partner at SkyBridge said, “We believe Bitcoin is in its early innings as an exciting new asset class,” he said. “With the institutional quality custody solutions available today, we believe the time is right to allocate capital and provide our clients access to the digital assets space.”
Hamilton Lane announces new fund for High New Worth Investors
Pennsylvania based private equity firm Hamilton Lane launched a new investment fund named “Hamilton Lane Private Assets Fund” for the HNW (High Net Worth) investors on 7th January 2021.
This newly launched fund is a closed and investment vehicle particularly designed for providing diversified and institutional quality portfolio of private credit assets and private equity with a single investment to the high net worth qualified investors. This fund is available for us investors and will follow a global offering for the outside investors including New Zealand Canada, Latin America Asia, New Zealand, Middle East and Australia.
The fund is launched with the aim to generate capital appreciation in middle and long terms.
The fund is featured with the minimum investment of US$ 50,000 with a simple 1099 tax reporting and target free efficient investment. The firm provides the potential for limited administrative burden and an attractive risk-adjusted return.
The fund is launched with US$ 30 million from Hamilton lanes balance sheet with US$ 100 million capital from an anchor investor.
Drew Schardt, committee member of the fund investment, said “This is a significant milestone in support of our goal to broaden accessibility to the attractive return potential as well as the wealth creation potential the private markets can offer. This is “a client-friendly option for family offices and high-net-worth investors seeking diversified exposure to this asset class.”
Blume Ventures launches Founders Fund
Mumbai, India based Venture Capital, Blume Ventures launched its founder’s fund on 8th January 2021.
The fund is aimed at investing in startups outside their core investment program and thereby engaging with more founders.
The program will use around 1 to 2% from the core investment funds and will invest US$ 25k to US$ 100k depending on the funding round size of startups for strengthening their relationship with founders. The program will not reserve any capital for investing beyond the first cheque.
Sanjay Nath, a partner at Blume said, “Founder journeys are about taking the long road, and all start with relationships and trust established early on with their investors. We are excited to bring Blume’s aggregate brand value, networks and knowledge base to help our Blume Founders Fund cohort build, hire, collaborate and scale.”
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