#What is Arthur Hayes's New Fund Targeting?
Arthur Hayes, the co-founder of BitMEX, is venturing into the realm of private equity with plans to raise $250 million for a new fund. This initiative focuses on targeting investments in small to medium-sized companies within the cryptocurrency infrastructure and service sector. The expected investment range for each deal will be between $40 million and $75 million, allowing for up to six acquisitions.
#How Will This Investment Strategy Work?
The fund, named Maelstrom, will acquire equity stakes in off-chain service providers, including trading platforms and data analytics services. Each investment will be organized through special purpose vehicles (SPVs) to optimize the investment structure. The aim is to focus on firms that generate positive cash flow and demonstrate strong operational fundamentals, while sidestepping those burdened by excess tokens or unclear valuations.
#What Influences Are Shaping the Crypto Investment Landscape?
Hayes's fundraising endeavors represent a significant move within the evolving cryptocurrency investment landscape. He continues to play a pivotal role in shaping discussions surrounding crypto investments through his leadership at Maelstrom Fund. Recently, he shared insights into his journey from traditional finance to decentralized finance (DeFi), highlighting the impact he intends to make in the field of crypto fund management. This approach not only underscores his commitment to fostering growth in the industry but also positions Maelstrom Fund strategically for the future of cryptocurrency investments.