10T Holdings (10T), a mid-to-late-stage private equity firm focused on companies operating in the digital asset ecosystem, has closed its inaugural growth equity funds, 10T Fund, LP and 10T DAE Expansion Fund, LP (the “Funds”), with nearly $389 million in capital commitments.
Together with co-investment and sub-advised vehicles, 10T raised approximately$750 million for the strategy, much of which has already been deployed. The Funds’ investors comprise a diverse set of asset allocators, including public pension plans, endowments, foundations, and family offices, in addition to high net worth individuals.
Founded in 2020, 10T is focused on building a diversified portfolio of blue-chip private companies in the digital asset ecosystem. The funds invest in proven companies operating at scale through primary funding rounds and secondary market purchases. 10T is led by Chief Executive Officer and Managing Partner Dan Tapiero, who has 25 years of experience in macro and commodity investing and trading, research and economics.
Tapiero says: “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.”
Read more/Source: Private Equity Wire
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