According to TechFlow, crypto investment company Hypersphere Ventures has opened its newly launched liquidity fund Atlas to external investors, aiming to obtain returns from crypto assets through Wall Street-style strategies. Atlas is a multi-manager fund that aims to provide a 40% return through a variety of trading strategies such as DeFi, quantitative, market making and arbitrage, and provides co-investment opportunities in private rounds, such as Toncoin.
Hypersphere founder Jack Platts said Atlas was first launched in stealth mode in January this year with an initial investment of $100 million from Hypersphere's balance sheet. Since then, the fund has grown to $130 million in assets under management and is now open to outside investors. Atlas is an open-ended liquid fund with no set target amount to raise from outside investors, but its strategic capacity is well over $300 million.
In addition, Hypersphere also plans to raise a new venture fund to invest in early-stage crypto projects. Platts revealed that the company plans to raise $75 million for the venture capital fund, and financing will begin in the fall.
