Investcorp, global alternative investments firm, announced the launch of eLydian Lion, the first dedicated institutional blockchain fund based in the GCC, with a global investment mandate, the Fund.
The Fund, which will be led from Investcorp’s Abu Dhabi office, will be deployed globally and will focus on investments in companies leading the next digital evolution driven by blockchain technology.
The Fund will enable investors to gain early exposure to the rapid growth of the blockchain ecosystem. The Fund will mainly invest in early-stage companies operating in areas within the blockchain ecosystem such as blockchain infrastructure, platforms and exchanges, decentralised finance, and data analytics.
“Offering our clients innovative and bold investment ideas, backed by our disciplined and proven approach, has been a key element of our success over the last four decades. We have a strong track record in technology investment and will bring our institutional expertise and global reach to bear on this fast-growing area of technology,” Hazem Ben-Gacem, Co-Chief Executive Officer at Investcorp, said.
The Fund is independent of and complementary to Investcorp Technology Partners, Investcorp’s leading investment strategy focused on lower mid-market technology opportunities.
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