Mark Yusko, Jason Williams, and Anthony Pompliano’s assessment management, Morgan Creek Digital, announced earlier this week it secured more than $40 million for its crypto venture capital fund, which invests in both the blockchain and digital asset industries. Pompliano revealed the news on Twitter.
This morning our team at Morgan Creek Digital announced a new $40 million crypto venture fund anchored by two public pensions.
The institutions aren’t coming.
They’re already here. 🚀
— Pomp 🌪 (@APompliano) February 12, 2019
Founded in 2004, Morgan Creek Capital describes itself as an SEC-registered investment adviser founded with a vision of offering institutional and family office investors the same forward-looking strategies that made the large university endowments its leadership had previously managed so successful, which is integrating alternative investments into traditional equity and fixed income portfolios.
Morgan Creek previously stated it is to control more than $1 billion in assets and is an industry leader in digital asset investments with plans to invest hundreds of millions into blockchain investment opportunities. The company noted that the latest investment will be used to further develop the venture fund.
The investment comes less than six months after Bitwise announced its partnership with Morgan Creek to create digital asset index fund for institutional investors. The Digital Asset Index Fund will provide endowments, foundations, pensions, wealthy families, and sovereign wealth funds access to broad-based digital asset exposure. The Digital Asset Index Fund combines Bitwise’s best-in-class quantitative index rules and professional fund management with the ongoing oversight of an index committee including Yusko, Pompliano and Bitwise Global Head of Research Matt Hougan.