Billionaire Real Estate Tycoon to Raise $500,000,000 for Crypto and Private Equity Investments: Report cryptomarketbag Blockchain update


The investment firm of Hong Kong billionaire and real estate tycoon Adrian Cheng is reportedly raising funds to invest in the crypto space as the sell-off pushes the price of bitcoin (BTC) and the rest of the digital asset market further down.

According to bloombergC Capital plans to raise $500 million over the next 18 months to invest in blockchain assets, credit and private equity.

Citing people familiar with the matter, the report states that the firm is marketing a $200 million blockchain fund and is aiming to collect $300 million more for investments in private equity and private credit strategies.

The firm’s chief executive officer and chairman, Ben Cheng, is optimistic about the returns, even as the crypto winter has continued to weigh down the prices of digital assets, including bitcoin, which have fallen below $20,000.

He says the current economic situation offers an opportunity to achieve the best results, adding that the firm’s crypto investments have increased by 40% in the first half of the year amid the bear market.

“When people are on the defense, we are on offense… After 6 to 9 months, it will come back.”

C Capital has so far invested nearly $1 billion in private companies, digital assets and credit. Its hedge fund strategy mainly focuses on crypto trading. According to Cheng, the firm refused to accept offers from angel funds and firms at the seed stage due to high valuations and limited upside.

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