Public pensions back new $40M blockchain fund raised by Morgan Creek

A prominent digital asset firm has revealed it successfully closed a new $40 million blockchain-specific venture capital fund, thanks largely to contributions made by two public pensions. Morgan Creek Digital, a hedge fund backed by institutional powerhouse Morgan Creek Capital, has launched what it calls the Morgan Creek Blockchain Opportunities Fund, geared entirely toward investing in the digital asset industry. In March last year, Morgan Creek Digital was reported to have had over $1 billion worth of assets under management. Most notably, the two largest contributors to the new investment pool are public pension funds, specifically the Fairfax County Police and Fairfax County…

This story continues at The Next Web

http://bit.ly/2N2qVJI David Canellis February 12, 2019 at 06:00AM