Yale invests in Paradigm's $400M crypto fund

posted 8 months ago
Yale, the Ivy League institution, is said to have invested in a major crypto fund set up by Fred Ehrsam, Coinbase co-founder; Matt Huang, a former partner at Sequoia Capital; and Charles Noyes, who previously worked at Pantera Capital. The report suggests that Yale, which boasts second-largest endowment among educational institutions globally (valued at $25.4 billion in 2016, says Wikipedia), was among investors that helped the Paradigm raise $400 million in the last several months.

Paradigm aims to invest in early-stage cryptocurrency, blockchain and exchange projects. With a reputation for seeking out for seeking out more unconventional investments, Yale's endowment has generated yearly returns of around 12.6% since the mid-'80s, the source says. Also, Yale targets 60% of 2019 assets in "alternatives."
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