Public pensions back Morgan Creek’s new $40M blockchain fund

posted 4 months ago
2 public pension funds are dipping their toes into the world of crypto venture capital. Anthony Pompliano, partner at asset manager Morgan Creek, which focuses on institutional clients & family offices, announced a new crypto-focused venture fund with $40 million invested. The two public pensions anchoring the fund are Fairfax County, Virginia’s Police Officer’s Retirement System & Employees’ Retirement System.

The size of the two funds helps to illuminate the potential of bringing public pensions into blockchain investing. Such entities can take large positions in crypto funds using a very small portion of their assets under management. “You can take a small amount of capital, you can put it in a nascent industry, you can manage your risk correctly but also get exposure to true innovation,” Pompliano explained.
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