United Arab Emirates, 12th April— Crypto 1 announced the establishment of the C1 Secondary Fund (“Fund”)new investment fund targeting $500 million investment in secondary companies in Blockchain, Crypto, Web3, and FinTech.
The C1 Secondary Fund is a regulated private investment fund set up for the purpose of investing in secondary asset acquisition – buying shares in existing private growth companies. The C1 Fund portfolio focuses on digital assets, blockchain technology and applications, cryptocurrency services (not direct investment in cryptocurrencies), Web3 financial applications, and advanced FinTech. Examples of target enterprise applications include digital asset and cryptocurrency exchanges, payment systems and/or related financial services companies, including wallets, custodial services, loans and decentralized finance. The fund will invest in a variety of geographic areas but with a focus on secondary investments in international markets, particularly those with strong and/or developing regulatory regimes.
C1 Secondaries Fund is managed by C1 Investment Advisors LLC, a team of experienced international entrepreneurs and investors based in the United Arab Emirates and Silicon Valley. The team has extensive experience founding companies that have conducted IPOs and investing in secondary transactions globally in Digital Asset and FinTech companies. The C1 Secondaries Fund is led by Dr. Najamul Kidwai, Co-Founder and Managing Partner, Michael Lempres, Co-Founder and Managing Partner, Michael (Xu) Zhao, Co-Founder and Managing Partner, David Hytha, Co-Founder and Partner , and Cheriyl Lakshmy, Co-Founder, Director Research and Operations.
The C1 team recently founded and led the successful $230M initial public offering of Crypto 1 Acquisition Corp.
There are tremendous opportunities to deploy capital at very attractive prices and risk-adjusted returns in leading digital asset businesses whose investors seek liquidity, we aim to be the liquidity partner of choice for secondary transactions in the digital asset market.
Co-Founder and Managing Partner of C1 Secondaries Fund Dr. Najam Kidwai stated, “Despite the so-called Crypto reset, investment in Digital Assets and Crypto-related services continues to thrive. At its heart this is the next digitization of finance.” The C1 Secondary Fund will focus on companies operating under significant regulatory frameworks. Co-Founder and Managing Partner, Michael Zhao stated “the regulated route is the only route for growth for any crypto company if it is to become a serious player in the long term. Long gone are the days when digital asset players enjoyed early mover advantage and benefited from thriving bull markets. The recent crypto market turbulence is just another example showing why the market needs proper risk control and compliance; we focus on these companies.”
This press release does not constitute an offer to sell or a solicitation to buy, nor would there be a sale of these securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under state securities laws. national division or jurisdiction.
Forward Looking Statements
This press release contains statements which constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds. No assurance can be given that the offers discussed above will be completed in the terms described, or in full, or that the net proceeds from the offers will be used as indicated. Forward-looking statements are subject to a variety of conditions, many of which are beyond the Company’s control, including those set out in “Risk Factors” which will be included in the IMF’s formal offering statement. The IMF is under no obligation to update this statement for revision or amendment after the date of this release, except as required by law.
Secondary Fund C1