Investcorp launches blockchain fund

Bahrain-based alternative investor Investcorp has launched what it claims is the GCC’s  first institutional-grade fund dedicated to the blockchain.

ELydian Lion will be managed from Investcorp’s Abu Dhabi office and  will be deployed globally.

Asset allocation will focus on “companies leading the next digital evolution driven by blockchain technology”, according to the company.

This includes early-stage startups operating as blockchain infrastructure, platforms and exchnages as well as data analytics.

Gilbert Kamieniecky, Head of Investcorp’s Technology Private Equity business, said: “We believe that blockchain technology and the ecosystem around it, will transform every facet of our economy much like the internet did in the 2000s,” said Gilbert Kamieniecky, head of Investcorp’s technology private equity business.

“We have already seen the potential of blockchain to disrupt existing markets and create new ones, such as the meteoric rise of the Non-Fungible Tokens market that in just a few years has grown from under a billion to more than $40 billion,” he added.

The fund launch coincides with Investcorp’s unveiling of a private infrastructure investment business in North America.

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