News

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.

VC Firm Owned By Hong Kong Billionaire Intends To Launch New $200 Million Fund To Invest In Crypto

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

VC Firm Owned By Hong Kong Billionaire Intends To Launch New $200 Million Fund To Invest In Crypto

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.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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