Blockchain-focused PE firm receives 8-figure investment from European family office

Blockchain-focused private equity firm Stonegate Digital Capital Group has received an eight-figure investment from an unnamed European family office.

The family office will seed all blockchain and cryptocurrency initiatives Stonegate deploys.

Stonegate hopes to continue its growth plan and expand its coverage across the blockchain space. To do this, the company will launch a number of dedicated teams for long/short spot cryptocurrency trading strategies, quantitative trading strategies, ICO/pre-ICO investments, digital asset mining and other strategies.

US-based Stonegate is a private equity firm dedicated to investing into blockchain technology, cryptocurrencies, and other digital assets. The firm offers a range of investment products including private equity, venture capital and hedge funds.

There are a number of active vehicles run by the firm separated by investment focus. One of these vehicles is the Stonegate Diversified Digital Asset Master Fund, which looks to back crypto trading, ICOs and digital asset mining. It also acts as a fund of funds to back any other blockchain or cryptocurrency-focused funds.

The other active investment lines are the Octic All-Weather Blockchain Master Fund, SoHo Total Return Fund, backing ETFs and Stonegate Pollinate Cryptocurrency Master Fund, which trades digital tokens.

There are two vehicles which are set to launch later in the year which are, Stonegate Blue Flame Healthcare Venture Fund and the Stonegate Berkley West Arbitrage Fund.

Stonegate Digital Capital Group senior portfolio analyst William Uicker said, “Combining our investment strategies with the backing of a multi-billion dollar family office means that together we can continue to maximize the profit potential that we possess across the blockchain technology and cryptocurrency markets. This investment relationship extends the reach of the Stonegate Digital Capital Group brand and empowers us to continue to be among the top performing hedge funds in the world.”

Copyright © 2018 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.