Arthur Hayes’ home office is looking for $250 million in capital investment to finance a private fund aimed at crypto companies that are in the middle of crypto finance. According to Bloomberg, the Fund is designed to provide traditional investors with more access to the crypto market amid the dramatic recovery from the FTX-inspired market exit in November 2022.
Hayes PE FUNDITS 6 Company Acquisition
In a post on Friday, Bloomberg reports that Maelstrom, founded by Arthur Hayes and BitMex M & Head Akshat Vaidya, is actively working to raise money for Crypto firms in the middle and mid-income.
The fund, marked as Maelstrom Equity Fund Fund, is expected to pay for the acquisition of six crypto companies, with each purchase expected to be between $ 40 million and $ 75 million. Notably, there will be a good focus on Blockchain service providers, including trading infrastructure and analytics startups.
In the latest X Post, Vaidaya, who serves as managing director, provides further insight into the fund, highlighting the problem and the proposed solution.
Vaidaya describes the new initiative as the first Boout Pet Management Fund to focus exclusively on the Crypto Ecosystem. Maelstrom Equity I fund achieves profits in three main ways. The first thing that provides the developers of the Blockchain Service application is access to clean opportunities to get out of logical measurements.
In addition, the PE fund will also aim to help TRITFI’s new entrants in the Crypto Space circulate capital to businesses, buyers who are ready for the acquisition of crypto businesses such as their own businesses, Charles Schwab, x, Prialth, etc. ”
Ultimately, Hayes, Vaidaya and newly minted partner Adam Schlegel also want to offer primary funds such as pension funds or other family offices the opportunity to invest, without worrying about token exposure or market volatility.
Maelstrom Pe fund: big risk or not?
Interestingly, Bloomberg notes that Maelstrom’s proposed equity fund comes amid a challenging period as PE firms around the world struggle to attract capital. In the Crypto market, PE investments are reported up to $ 1.4 billion, which represents a 65% decrease from the peak of 2021, which shows the high risk of the business of Hayes and partners.
However, a series of high-profile acquisitions within the well-known market since the FTX crash, coupled with the Maelstrom mechanic, provide an attractive context for investors. In the interim period, the Crypto Market Cap is valued at $3.59 trillion following a decrease of 1.06% in the last 24 hours.
Featured image from luck, chart from tradingview
Planning process At Bitcoinist we focus on delivering well-researched, accurate, and unlimited content. We maintain strict sourcing standards, and each page receives diligent review by our team of senior technical experts and experienced editors. This process ensures the integrity, relevance, and value of our content for our readers.
