EddieJayonCrypto
5 Jun 24
Bain Capital Crypto is planning to launch a second fund, as per a U.S. Securities and Exchange Commission filing. The first fund, totaling $560 million, was launched in March 2022, just before the crypto market downturn triggered by Do Kwon's Luna collapse. Despite the crypto winter, Bain Capital re...
Bain Capital Crypto is preparing to launch a second fund, as revealed in a U.S. Securities and Exchange Commission filing. The first fund, amounting to $560 million, was introduced in March 2022, right before the crypto market downturn caused by Do Kwon's Luna collapse. Despite the challenging market conditions, Bain Capital remained an active investor throughout 2022 and 2023, participating in various investment rounds.
The initial fund, co-led by Stefan Cohen and Alex Evans, focuses on early-stage investments and liquid tokens in the DeFi and Web3 sectors. It has already allocated nearly $100 million to projects and has actively engaged in protocol governance. Despite the intentions to launch a new fund, Bain Capital declined to comment, citing compliance concerns through its public relations agency.