Arthur Hayes Launches $250M Fund Targeting Mid-Size Crypto Firms

Arthur Hayes Targets $250M for Crypto Investments

Arthur Hayes, co-founder of BitMEX, is in the process of securing $250 million for a new private equity fund aimed at acquiring mid-sized crypto infrastructure and analytics firms. The fund plans to invest between $40 million and $75 million per acquisition, targeting up to six deals.

Investment Strategy

Maelstrom, the fund's managing entity, will focus on acquiring equity in off-chain service providers such as trading and data platforms. Deals will be structured using SPVs, with a focus on cash-generating companies that possess strong fundamentals and clear valuations, free from the complexities of unused tokens, according to co-founder Akshat Vaidya.

This fundraising initiative coincides with Hayes's ongoing influence in the crypto investment landscape through his role at Maelstrom Fund. His recent participation in a WebX Tokyo podcast highlights his transition from traditional finance to decentralized finance (DeFi) and his impact on crypto fund management.