C Capital, a firm started by Hong Kong real estate tycoon Adrian Cheng, plans to raise $500 million to invest in blockchain assets, credit and private-equity over the next 18 months, betting prices of private companies and digital assets are bottoming out.
Also co-founded by ex-Bank of America Merrill Lynch banker Ben Cheng, the firm is marketing a $200 million blockchain fund and plans to gather about $300 million to invest in private-equity and private credit strategies next year, people familiar with the matter said, asking not to be identified discussing fundraising details.
“When people are on defense, we’re on the offense,” Ben Cheng, the firm’s chief executive officer and president, said in an interview. This type of environment historically “will yield the best result. After another 6 to 9 months, it will come back.”
The fresh funds will add to the about $1 billion C Capital has invested in private companies, digital assets and credits. Its hedge fund strategy mainly focuses...
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