The $4.8 billion alternative investment firm Evanston Capital Management closed it blockchain venture fund of funds with $58 million in assets this week.
ECM Blockchain Fund I’s capital will be nearly fully committed to underlying funds by the middle of 2022. The fund is set to provide investors with exposure across blockchain investment arenas such as infrastructure, gaming, NFTs, Web3 and decentralized finance, as the firm views blockchain technology contributing to “breakthrough advances” across industries.
Based in Evanston, IL, the firm traditionally is known as a hedge fund of funds, but invests across . . .
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