Adrian Cheng, a Hong Kong real estate entrepreneur and millionaire who founded C Ventures, reportedly intends to launch a fresh $200 million fund to participate in the cryptocurrency market.
According to persons with knowledge of the situation, Bloomberg broke the news on Wednesday. In addition to the cryptocurrency fund, C Ventures Hong Kong intends to raise $300 million over the following 18 months to engage in private equity and private credit initiatives.
The company is placing a wager on private enterprises’ and digital assets’ bottomed-out valuations. Ben Cheng, co-founder and CEO of C Ventures, said in an interview with Bloomberg that “while others are on defensive, we’re on the offensive.” He continued, saying that traditionally, such a setting “will produce the best result,” and that he anticipates a recovery in another 6 to 9 months.
C Ventures – Hong Kong is said to have invested close to $1 billion in unlisted businesses
Since its founding in 2017, C Ventures is said to have invested close to $1 billion in unlisted businesses, digital assets, and loans. Animoca Brands, RTFKT Studios, and Matrixport are a few of the cryptocurrency startups that are currently in C Ventures’ portfolio. Cheng claims that after doubling last year, the value of the company’s current cryptocurrency investments climbed by 40% in the first half of this year.
The company is placing a wager on private enterprises’ and digital assets’ bottomed-out valuations. Ben Cheng, co-founder and CEO of C Ventures, said in an interview with Bloomberg that “while others are on defensive, we’re on the offensive.” He continued, saying that traditionally, such a setting “will produce the best result,” and that he anticipates a recovery in another 6 to 9 months.
Since its founding in 2017, C Ventures is said to have invested close to $1 billion in unlisted businesses, digital assets, and loans. Animoca Brands, RTFKT Studios, and Matrixport are a few of the cryptocurrency startups that are currently in C Ventures’ portfolio. Cheng claims that after doubling last year, the value of the company’s current cryptocurrency investments climbed by 40% in the first half of this year.
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