10T Holdings, a private equity firm backed by the likes of British billionaire Hedge Fund manager Alan Howard has raised a whopping $750 million from investors to launch its first-ever crypto fund. The new fund would offer investors exposure to the fast-growing crypto market.
The founder of the private equity fund Dan Tapiero revealed that the company started raising money for its debut crypto fund towards the end of last year. The firm has already invested 80% of the total funds in mid-to-late stage crypto companies. Tapiero like many other traditional financial experts seemed to be in awe of the crypto market’s growth. He said,
“The space is growing so quickly that three years ago there were only a handful of companies that were at scale. There’s a nice pipeline here, too.”
The debut crypto fund from the private equity firm would not invest directly into crypto assets, rather it will invest in crypto companies with a reputable past and a potential to grow further. Until now
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