Crypto 1 Announces Its $500M C1 Secondaries Fund in Blockchain, Crypto and Web3 Companies
DUBAI, United Arab Emirates, 28 March 2023–(BUSINESS WIRE)–Crypto 1 announces the establishment of the C1 Secondaries Fund (the “Fund”)a newly incorporated investment fund targeting $500 million by investing in secondaries in Blockchain, Crypto, Web3 and FinTech companies.
C1 Secondaries Fund is a regulated private investment fund formed for the purpose of investing in secondary asset purchases – the purchase of shares in existing private growth companies. The C1 Fund portfolio focuses on digital assets, blockchain technology and applications, cryptocurrency services (not direct investments in cryptocurrencies), Web3 financial applications and advanced FinTech. Examples of target company applications include digital asset and cryptocurrency exchanges, payment systems and/or related financial services, including wallets, custody services, lending and decentralized finance. The fund will invest across multiple geographies, but with a focus on secondary investments in international markets, particularly those with strong and/or growing regulatory regimes.
About the team
C1 Secondaries Fund is managed by C1 Investment Advisors LLC, an experienced team of international entrepreneurs and investors based in the United Arab Emirates and Silicon Valley. The team includes extensive experience in founding companies that have progressed to IPO and investing in secondary transactions globally in Digital Assets and FinTech companies. C1 Secondaries Fund is led by Dr. Najamul Kidwai, Co-Founder and Managing Partner, Michael Lempress, Co-Founder and Managing Partner, Michael (Xu) Zhao, Co-Founder and Managing Partner, David Hytha, Co-Founder and Partner, and Cheriyl Lakshmy, Co-Founder, Director of Research and operation.
The C1 team recently founded and led the successful $230 million IPO of Crypto 1 Acquisition Corp.
It is a unique opportunity to deploy capital with very attractive pricing and risk-adjusted returns in leading digital asset companies if investors are seeking liquidity. We aim to be the liquidity partner of choice for secondary transactions in the digital asset market.
C1 Secondaries Fund Co-founder and Managing Partner Dr. Najamul Kidwai stated, “Despite the so-called Crypto reset, investments in Digital Assets and Crypto-related services continue to grow rapidly. At its core, this is the next digitization of finance.” The C1 Secondaries Fund will focus on companies that operate under significant regulatory frameworks. Co-founder and Managing Partner, Michael Zhao stated “the regulated route is the only route for any crypto company’s growth if it wants to be a serious player in the long term. Long gone are the days when digital asset players enjoyed an early mover. advantage and drag benefiting from a rapidly growing bull market. Recent turbulence in the crypto market is just another example of why the market needs proper risk control and compliance; we are focused on these companies.”
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification. under the securities laws of such state or national jurisdiction.
Forward-looking statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the expected use of net proceeds. No guarantee can be given that the offer referred to above will be carried out on the terms described, or at all, or that the net proceeds from the offer will be used as stated. Forward-looking statements are subject to a number of conditions, many of which are beyond the Company’s control, including those set forth in the “Risk Factors” will be included in the Fund’s official offering statements. The Fund undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
See the source version at businesswire.com: https://www.businesswire.com/news/home/20230328005194/en/
Contacts
C1 Secondary fund
www.c1fund.com
Najamul Kidwai
[email protected]
Deager Hytha
[email protected]
