U.S. Markets closed

Morgan Creek Digital has so far raised $61M for its second blockchain fund; targeting $250M

Yogita Khatri

Cryptocurrency asset management firm Morgan Creek Digital has so far raised $60.95 million for its second blockchain fund, according to a public filing.

The filing, submitted by the firm to the U.S. Securities and Exchange Commission (SEC) on Friday, shows that the fund, called Morgan Creek Blockchain Opportunities Fund II, LP, started its first offering on Oct. 16 and has raised $60.95 million from 11 investors. The offering is “indefinite,” per the filing, meaning it is an ongoing funding round. 

Morgan Creek Digital started marketing for the fund in June and is targeting to raise a total of $250 million, according to a report from Hedge Fund Alert.

Join Genesis now and continue reading, Morgan Creek Digital has so far raised $61M for its second blockchain fund; targeting $250M!