LPNEWS
Crypto fund launches have been surging this year amid the rally in digital-asset prices. : Former Citigroup Inc. executive Matt Zhang is launching a $1.5 billion venture focused on cryptocurrency-related investments and has hired Sam Peurifoy — an ex-Goldman Sachs analyst known for his online gaming persona “Das Kapitalist” — to lead a dedicated “play-to-earn” strategy. The New York-based investment firm, named Hivemind Capital Partners, has received “a decent amount of interest” from qualified institutional investors including pensions, endowments, sovereign wealth funds and family offices, Zhang, founder and managing partner, said in an interview.