According to BlockBeats, Morgan Creek Digital is planning to raise up to $500 million for a new fund. The fund will focus on early opportunities in artificial intelligence (AI), blockchain technology, chips, and data sectors.
The company is currently in discussions with sovereign and institutional investors, corporate executives, and industry subject matter experts in Europe, the Middle East, and Africa (EMEA), as well as the Asia-Pacific (APC) region. The aim of these discussions is to expand its regional influence. In addition, Morgan Creek Digital is also in talks with investors and partners in the United States.