{"id":64691,"date":"2022-07-21T12:21:54","date_gmt":"2022-07-21T09:21:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64691"},"modified":"2025-09-06T15:48:55","modified_gmt":"2025-09-06T12:48:55","slug":"skybridge-plans-to-launch-fund-to-invest-in-web3-startups-reports-say","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/skybridge-plans-to-launch-fund-to-invest-in-web3-startups-reports-say\/","title":{"rendered":"SkyBridge plans to launch fund to invest in Web3 startups, reports say"},"content":{"rendered":"<p>Founded by Anthony Scaramucci, SkyBridge Capital will launch a venture fund focused on Web3 and the crypto industry. It targets developing startups and late\u2011stage companies, according to <a href=\"https:\/\/www.businessinsider.com\/anthony-scaramucci-skybridge-crypto-web3-venture-capital-fund-2022-7\"> Business Insider<\/a> citing informed sources.<\/p>\n<p>Access to the structure will be available to accredited investors. An official announcement could take place at the Salt conference on September 12.<\/p>\n<p>SkyBridge Capital intends to open the fund amid attractive discounts on the secondary market. Startups with sustainable valuations after recent funding rounds are also of interest.<\/p>\n<p>Sources said that since January 2021, SkyBridge-managed funds invested ~$425 million in 12 private firms, including FTX.<\/p>\n<p>Earlier media reported that the investment company froze redemption of shares of the Legion Strategies fund after the crash in stock and cryptocurrency prices.<\/p>\n<p>About 20% of the portfolio comprises startups that do not have high liquidity. It was expected that some of them would go public this year.<\/p>\n<p>The flagship fund Multi-Adviser Hedge Fund Portfolios is also facing problems. In an interview with <a href=\"https:\/\/www.nytimes.com\/2022\/07\/20\/business\/crypto-anthony-scaramucci.html\">The New York Times<\/a>, Anthony Scaramucci said investors had submitted withdrawal requests totaling $890 million. As of the end of March, the fund\u2019s <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> stood at $2 billion \u2014 about 22% of assets were invested in cryptocurrencies.<\/p>\n<p>In April 2022, SkyBridge filed with the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> for a fund focused on investments into mining <a href=\"https:\/\/forklog.news\/skybridge-capital-zapustit-fond-s-fokusom-na-majning\/\">into mining<\/a>.<\/p>\n<p>In late June, Scaramucci described Bitcoin as \u201ctechnically oversold.\u201d<\/p>\n<p>Earlier, the founder of SkyBridge Capital urged crypto investors to \u201cstick to quality assets.\u201d<\/p>\n<p> Read ForkLog&#8217;s bitcoin news in our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Founded by Anthony Scaramucci, SkyBridge Capital will launch a venture fund focused on Web3 and the crypto industry. It targets developing startups and late-stage companies, according to Business Insider citing informed sources.<\/p>\n","protected":false},"author":1,"featured_media":64692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,2074,1133],"class_list":["post-64691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-skybridge-capital","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=64691"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64691\/revisions"}],"predecessor-version":[{"id":64693,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64691\/revisions\/64693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/64692"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=64691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=64691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=64691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}