Focuses on companies driving digital development
Investcorp launches Abu Dhabi's first Blockchain investment fund
Investcorp, the global provider of alternative investments, announced the launch of the Abu Dhabi eLydian Lion, the first blockchain investment fund.
And "Investcorp" stated that the fund, which will be managed by "Investcorp" office in Abu Dhabi, will invest on a global scale, with a focus on companies that lead digital development.
The fund will enable investors to benefit from the rapid growth of blockchain technology, which is at the forefront of digital transformation in the global economy, and will invest primarily in start-ups operating within the blockchain ecosystem, such as infrastructure, currency platforms, finance and data analysis. .
Hazem Bin Qassem, Co-CEO of Investcorp, said that presenting innovative and bold investment ideas to customers, supported by the company's careful and successful approach, has been a key element in our success over the past four decades.
"We have a long track record of investing in technology, and we will harness our experience as a company and our global reach to influence this rapidly growing field," he added.
For his part, Gilbert Kamenitsky, head of investment in technology private companies, said: "We believe that (blockchain) technology, and the business ecosystem around it, will change every aspect of our economy just as the Internet did in the first decade of the 21st century."
He continued, “We have already seen the ability of Blockchain to become an essential component of markets and even create new markets,” noting that the new fund will support creative entrepreneurs from around the world, who develop the blockchain technology ecosystem, and define what it will be. The digital economy of the future.
According to Investcorp, the fund is independent and complementary to Investcorp Technology Partners, the strategic investment arm of Investcorp that focuses on technology opportunities in the mid-market.
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