As an experienced analyst with a background in the crypto market, I’m closely monitoring Bain Capital Crypto’s decision to launch a second fund. Having witnessed their first fund’s successful deployment despite the challenging market conditions, I hold a positive outlook on their strategic approach and expertise.
According to a SEC filing, Bain Capital Crypto intends to introduce a new crypto investment fund.
In March 2022, Bain Capital debuted its inaugural cryptocurrency fund, which was valued at $560 million. This launch came right before the downfall of Do Kwon’s Luna caused a significant sell-off in the crypto market. Despite the subsequent crypto winter, Bain Capital remained an engaged investor throughout 2022 and 2023. They took part in various funding rounds, including Sam Altman’s $115 million Worldcoin campaign, privacy protocol Nocturne Labs, and decentralized exchange aggregator Flood.
Led by the duo of Stefan Cohen and Alex Evans, the initial fund prioritizes early investments and holds liquid tokens in the realms of decentralized finance (DeFi) and Web3. To date, they have injected approximately $100 million into various projects and remain actively engaged in the governance of these protocols.
Bain Capital Crypto remained silent about their new fund via their PR firm due to regulatory restrictions.
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2024-06-05 01:52