The 100 million dollar fund from OP Crypto to support VCS in the early phase

The 100 million dollar fund from OP Crypto to support VCS in the early phase

The risk capital company OP Crypto, founded by the former Huobi manager David Gan, announced on Thursday that she launched a new vehicle that is aimed at aspiring fund managers who are focusing on investing in digital assets in the early phase.

The investment vehicle with the name Op Fund of Funds I (Op FOF I) is aimed at managers with vertical expertise in the areas of blockchain infrastructure, defi, NFTS, metaverse and games. Estonishing managers are those with limited experience that are commissioned to manage assets below a certain monetary threshold.

Despite falling risk capital interests and a shrinking market, OP Crypto said that his latest fund received $ 50 million of companies such as the FTX subsidiary Ledgerprime and the investment company FJ Labs. According to a statement, the new fund tries to strive for a fixed upper limit of $ 100 million.

Although not typical of crypto, roof funds are a kind of investment strategy that acts as a pooled capital that invests in other funds with the aim of reducing the risk by expanding the variety of investment instruments.

The risk capital company, founded last year, based on the British Virgin Islands, wants to invest indirectly via their latest funds and directly with another named Venture Fund I in Fintech and Blockchain technology.

The latter fund, which received a considerable investment of $ 50 million from participants in March, is supported by some of the largest actors in the industry, including Galaxy Digital and Digital Currency Group as well as the institutional investors Bill Ackman and Alan Howard.

Lucas He, Chief Operating Officer from OP Crypto and another Huobi-Alumni, will act as a complementary by op fof i. He has been a veteran in the crypto area since 2013 and, according to his own statements, had previously roof fund functions at Huobi Capital and State Street in Linkedin .

meanwhile founder of op crypto david gan will take on the role of the president and consultant of the fund without conflicts Fund I will dedicate, according to the explanation.

Investors in op foF I Get access to the dealflow from managers and have the opportunity to double certain projects via CO investment options, said op crypto.

"We plan to become a franchise of different cryptonic funds," he said in a email works in an email in which he discussed the OP Crypto investment strategy. "Starting with the direct venture fund I and then with FOF I, we plan to later set up many consecutive fund vehicles that serve different purposes and risk service of our investor base."

When asked about the risk management approach of OP Crypto against the background of over -indebted hedge funds, investors and liquidity providers, he said to block works that his company followed a "disciplined approach". To achieve this, he said, OP Crypto is slowly used - after it only invested around 20 % of its entire operating capital last year - and at the same time tried to double in the middle of the market departure for reasonable reviews.

especially for op fof fof i, he added that the fund would try to support managers who also share this "disciplined" and "concentrated approach" for the use.

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The $ 100 million fund from Post Op Crypto to support VCS in the early phase is not a financial advice.