Morgan Creek Digital raised $ 61 million in a second investment crypto fund. The ultimate goal – $ 250 million

Morgan Creek Digital raised nearly $ 61 million from 11 investors in its second blockchain and cryptocurrency private equity fund, the Cointelegraph reports.

The placement of Morgan Creek Blockchain Opportunities Fund II securities began on October 16. According to Morgan Creek co-founder Anthony Pompliano, the ultimate goal is to raise $ 250 million.

The next round of financing will be held in December, the final one is scheduled for the end of the first quarter of 2020.

Pompliano noted that the two main investors in crypto funds doubled the amount of their investments. He also confirmed investment in two public pension funds from Fairfax County, Virginia. Previously, they invested in the first crypto fund of the company.

Morgan Creek will adhere to the same strategy as for the first fund, supporting blockchain entrepreneurs in the early stages of creating companies, said Pompliano.

Among the projects that Morgan Creek invested this year include, for example, a RealBlocks startup specializing in real estate tokenization and the Digital Assets Data analytic platform.

Recall, earlier Pompliano said that inevitably the time will come when Bitcoin will be in the portfolio of each institutional investor.

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