Pompliano Raises $61 Million Blockchain Fund With Only 11 Investors in Under a Week

Over $61 million has been raised by Morgan Creek Digital for a new blockchain fund in order to look into opportunities using distributed ledgers.

At the end of last week, the cryptocurrency asset management giant Morgan Creek addressed a filing for its second blockchain fund to the United States Securities and Exchange Commission (SEC) and so far, they have raised a massive $61 million from just 11 investors.

As reported by CT, “The filing — a Form D, that requests an exemption for the offering — shows that the fund started its first offering on Oct. 16 and is ongoing.”

The co-founder of Morgan Creek, Anthony Pompliano has said that the end goal for the fund is to raise $250 million with a new funding round in December of this year and the last round planned for the first quarter of 2020.

Speaking to CT, Pomp said that the two key investors more than doubled their investment. And when he was asked about the names of the public pension rounds that are involved, Pomp identified them Fairfax County Police Pension and Fairfax County Employee Retirement Pensions, adding:

"We also have what we believe is the first hospital system in the United States to participate in a dedicated blockchain fund called WakeMed."

The bitcoin bull has stated that Morgan Creek will continue to use the same strategy they had in the first fund and are looking for experienced people who are in the initial stage of building their companies to support them with the resources raised. 

CEO and CIO of Morgan Creek Capital Management, Mark Yusko has previously said the following on the next parabolic move; “That will probably take us into the $30,000 level before we get another little correction [...] the path to $100,000 by 2021 is really quite easy to draw out.”

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