VC Firm Owned By Hong Kong Billionaire Intends To Launch New $200 Million Fund To Invest In Crypto
Adrian Cheng, a Hong Kong real estate entrepreneur and millionaire who founded C Ventures, reportedly intends to launch a fresh $200 million fund to participate in the cryptocurrency market.
According to persons with knowledge of the situation, Bloomberg broke the news on Wednesday. In addition to the cryptocurrency fund, C Ventures Hong Kong intends to raise $300 million over the following 18 months to engage in private equity and private credit initiatives.
The company is placing a wager on private enterprises’ and digital assets’ bottomed-out valuations. Ben Cheng, co-founder and CEO of C Ventures, said in an interview with Bloomberg that “while others are on defensive, we’re on the offensive.” He continued, saying that traditionally, such a setting “will produce the best result,” and that he anticipates a recovery in another 6 to 9 months.
C Ventures – Hong Kong is said to have invested close to $1 billion in unlisted businesses
Since its founding in 2017, C Ventures is said to have invested close to $1 billion in unlisted businesses, digital assets, and loans. Animoca Brands, RTFKT Studios, and Matrixport are a few of the cryptocurrency startups that are currently in C Ventures’ portfolio. Cheng claims that after doubling last year, the value of the company’s current cryptocurrency investments climbed by 40% in the first half of this year.
The company is placing a wager on private enterprises’ and digital assets’ bottomed-out valuations. Ben Cheng, co-founder and CEO of C Ventures, said in an interview with Bloomberg that “while others are on defensive, we’re on the offensive.” He continued, saying that traditionally, such a setting “will produce the best result,” and that he anticipates a recovery in another 6 to 9 months.
Since its founding in 2017, C Ventures is said to have invested close to $1 billion in unlisted businesses, digital assets, and loans. Animoca Brands, RTFKT Studios, and Matrixport are a few of the cryptocurrency startups that are currently in C Ventures’ portfolio. Cheng claims that after doubling last year, the value of the company’s current cryptocurrency investments climbed by 40% in the first half of this year.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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VC Firm Owned By Hong Kong Billionaire Intends To Launch New $200 Million Fund To Invest In Crypto
Adrian Cheng, a Hong Kong real estate entrepreneur and millionaire who founded C Ventures, reportedly intends to launch a fresh $200 million fund to participate in the cryptocurrency market.
According to persons with knowledge of the situation, Bloomberg broke the news on Wednesday. In addition to the cryptocurrency fund, C Ventures Hong Kong intends to raise $300 million over the following 18 months to engage in private equity and private credit initiatives.
The company is placing a wager on private enterprises’ and digital assets’ bottomed-out valuations. Ben Cheng, co-founder and CEO of C Ventures, said in an interview with Bloomberg that “while others are on defensive, we’re on the offensive.” He continued, saying that traditionally, such a setting “will produce the best result,” and that he anticipates a recovery in another 6 to 9 months.
C Ventures – Hong Kong is said to have invested close to $1 billion in unlisted businesses
Since its founding in 2017, C Ventures is said to have invested close to $1 billion in unlisted businesses, digital assets, and loans. Animoca Brands, RTFKT Studios, and Matrixport are a few of the cryptocurrency startups that are currently in C Ventures’ portfolio. Cheng claims that after doubling last year, the value of the company’s current cryptocurrency investments climbed by 40% in the first half of this year.
The company is placing a wager on private enterprises’ and digital assets’ bottomed-out valuations. Ben Cheng, co-founder and CEO of C Ventures, said in an interview with Bloomberg that “while others are on defensive, we’re on the offensive.” He continued, saying that traditionally, such a setting “will produce the best result,” and that he anticipates a recovery in another 6 to 9 months.
Since its founding in 2017, C Ventures is said to have invested close to $1 billion in unlisted businesses, digital assets, and loans. Animoca Brands, RTFKT Studios, and Matrixport are a few of the cryptocurrency startups that are currently in C Ventures’ portfolio. Cheng claims that after doubling last year, the value of the company’s current cryptocurrency investments climbed by 40% in the first half of this year.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
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