Cryptocurrency, digital assets-focused PE house 10T Holdings raises over $750m
Digital assets-focused private equity firm 10T Holdings has raised more than $750m of investment capital amid the close of its inaugural growth equity funds.
The firm collected almost $390m across 10T Fund and 10T DAE Expansion Fund, which was bolstered to the $750m-plus total by co-investment and sub-advised vehicles.
10T says it invests in proven companies operating at scale through primary funding rounds and secondary market purchases.
Existing portfolio companies include Kraken, Ledger, Figure, Deribit, Bitfury, Huobi, eToro, Figment, Animoca Brands, and Helium, among others.
10T was founded last year by CEO and managing partner Dan Tapiero, previously the managing partner of DTAP Capital Advisors, a global macro investment firm.
He also worked as a macro-focused portfolio manager and analyst at hedge funds including Tiger Management, Duquesne Capital Management, Steinhardt Management Co and SAC Capital Advisors.
Tapiero said, “We are now at the dawn of a new era – bitcoin and blockchain technology are historic inventions akin to the invention of the combustion engine and will have a similar transformative impact on our world.
“As adoption of digital assets by governments, banks, companies, and consumers continues to progress, we remain in the early stages of a generational opportunity to participate in the value being created by distributed computing and decentralized networks.”
10T’s team also includes partner and vice chairman Michael Dubilier, the founder of Dubilier & Co, who brings over 35 years of experience in private equity and direct investing in industrial, consumer, and technology companies.
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