Asset Manager Launches Emerging Markets-Focused Blockchain VC Fund on Alpha Innovations’ Laureates Fund Platform
HAMILTON, BERMUDA/NEW YORK, NY Feb 16 2021 (Blockchain Wire)
Asset management firms Alpha Innovations (“AI”) and Arcanum Capital (“Arcanum”) today announced the launch of the Arcanum Emerging Technologies Fund I (the “Fund”) on the Alpha Innovations Laureates fund platform. The Fund is focused on providing seed and series A financing to blockchain technology companies in emerging markets.
“We see a tremendous untapped opportunity to invest in early-stage blockchain companies in emerging markets, where the talent pool is incredibly deep and highly skilled. Companies there are able to access the human resources they need far more economically, and are providing fantastic employment opportunities for talented programmers in these regions,” stated Arcanum founding member, James McDowall.
“India is a particular focus of ours given our deep relationships within their blockchain ecosystem. Our on-the-ground presence and strong reputation allow us access to quality deal flow that is challenging for other VCs to attain without the robust local network our team members have built over the last several years,” added Karthik Bupathi of Arcanum.
Lawrence Newhook, CEO of Alpha Innovations, noted “We seek opportunities to partner with asset managers who can offer unique sources of alpha to our investors. While there have been other blockchain-focused VC funds, we chose to partner with Arcanum due to their depth of expertise and the edge they have created through their focused mandate—both of which make them well-positioned to provide institutional investors with a unique source of uncorrelated alpha.”
This fund is anticipated to be the first of a series of funds launched by Arcanum, with an anticipated initial close in late February 2021.
“We are excited to be partnering with Alpha Innovations on this launch,” noted Luchang Zheng of Arcanum. “Leveraging their deep experience in structuring and bringing innovative funds to market has allowed us to keep our focus on building and carrying out due diligence on our pipeline of deals,” she added.
Alpha Innovations and Arcanum have partnered with premier service providers including Apex Fund Services, Walkers (Bermuda) and KPMG (Bermuda) for this fund launch.
Ross Webber, Managing Director of Apex Bermuda said:
“Apex is delighted to provide full fund administration to support Alpha Innovations as they grow their platform and continue to innovate in Bermuda. We are excited by their pioneering use of the Bermuda ISAC structure and we look forward to continuing to work together.”
About Alpha Innovations Ltd.
Alpha Innovations is a global asset management firm designed to provide institutional investors and high net worth individuals access to diverse sources of true alpha. The core team consists of talent from blue chip firms including Point72, Balyasny Asset Management, Goldman Sachs, and Morgan Stanley. The company was founded in 2018 and is headquartered in Bermuda and serves as the Platform Manager of the Laureates fund platform. Alpha Innovations is also the parent company of AI Global Investors (USA) LLC, a US-based asset management platform. For more information, visit alphainnovations.io and aigi.io.
About Arcanum Capital LLC
Arcanum Capital is a US-based investment advisor with principals and advisors across multiple continents. The firm is focused on accelerating the growth of early-stage technology startups in emerging markets. Arcanum’s leadership have served as both operators and investors in frontier and emerging markets since 2013 and have incubated and worked extensively with numerous emerging technology companies around the world, from startups to decentralized networks to publicly listed companies. For more information, visit arcanum.capital.
Investor Relations and Data Room Access RequestsIR@alphainnovations.io
The fund described herein is open to non-U.S. investors, and to U.S. “accredited investors” only through an offering made in accordance with Regulation D, Rule 506(c) of the Securities Act of 1933, as amended. In purchasing securities through a 506(c) offering, we are obligated to verify any participating investor’s status as an “accredited investor” in accordance with Rule 501 of Regulation D. Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. We do not make any representations as to the accuracy or completeness of the information contained in this press release and undertake no obligation to update the information. Past performance is not an indicator of any future results. All investments contain risk and may lose value. This does not constitute an offer to sell or a solicitation of interest to purchase any securities. Any solicitation or offer may only be made via the Platform Prospectus and relevant Fund Supplement and not in any country or jurisdiction in which such offer or solicitation is not permitted by law.