SkyBridge previously suspend redemptions from one of its fund due to heavy exposure to bitcoin
Anthony Scaramucci's investment firm SkyBridge Capital will roll out a fund for web3 and crypto startups starting September,The fund, which is a mix between traditional venture and growth equity, will be open to accredited investors. It will be mainly invested in privately held web3 fintechs as well as in growth and late-stage crypto companies, according to the report, which cited unidentified sources familiar with the matter.
Sources cited by Business Insider said the fund was in line with Scaramucci's aim to be at the forefront of decentralized finance. The investing firm will focus on companies that are trading at discounts on the secondary market and firms that continue raising primary rounds.The plan to roll out the new fund emerged a day after reports that SkyBridgewithdrawals from the Legion Strategies fund.