An institutional digital assets manager, a Morgan Creek Digital founded by the well-known face of the industry, Anthony Pompliano, has launched ‘Morgan Creek Blockchain Opportunities Fund’. Two prominent public pension funds have recently been contributed a small part of their assets to this largest investment pool – those are Fairfax County Police and Fairfax County Employees Pension Plans.
Public Pensions Fund into Crypto
Notably, the firm has successfully completed a total of $40 million blockchains based VC fund from Fairfax country police and employees. Although it was intended to raise $25 million, following the investor’s interest to the popularity of a round, the firm managed to double it up to $40 million. This fund is also a contribution from other participants including, private foundation, hospital system, university endowment, and an insurance company.
This morning our team at Morgan Creek Digital announced a new $40 million crypto venture fund anchored by two public pensions.
The institutions aren’t coming.
They’re already here. 🚀
— Pomp 🌪 (@APompliano) February 12, 2019
Interestingly, police officers and the employees of these bodies are likely looking for retirement in the urge to find a potential form of pension, the Bitcoin and Crypto. In fact the chief investment officer at Fairfax Country’s police officer’s retirement system, Katherine Molna stated in a statement;
“We feel it is important to be opportunistic and are excited to participate in this emerging opportunity.”
She embraced the trends of blockchain technology, saying that it is ‘being applied in unique and compelling ways across various industries’. Moreover, the investment terms are out of sight except that ‘the investment would serve as a special purpose vehicle’. Nevertheless, the co-founder of Morgan Creek Digital,