Arthur Hayes’ home office Maelstrom is seeking $250 million in capital investment to finance a private equity fund targeted at mid-sized crypto companies. According to Bloomberg, the fund is designed to provide traditional investors more access to the crypto market amid a spectacular recovery from the FTX-inspired market crash in November 2022.

Hayes PE Fund Targets 6 Company Acquisitions

In a post on Friday, Bloomberg reports that Maelstrom, founded by Arthur Hayes and former BitMEX M&A Head Akshat Vaidya, is actively working to raise $250 million for investment in mid-sized crypto firms. 

The fund, tagged as Maelstrom Equity Fund I, is expected to cover the acquisition of six crypto companies, with each purchase expected to range between $40 million-$75 million. Notably, there will be a strategic focus on blockchain service providers, including trading infrastructure and analytics startups. 

In a recent X post, Vaidaya, who acts as the managing director, provides more insights into this fund, highlighting the problem and proposed solution.

Vaidaya describes the new initiative as the first control-buyout PE fund to focus solely on the crypto ecosystem. The Maelstrom Equity Fund I is to achieve profitability in three main ways. First of which is providing founders of supporting blockchain services to access clean exit opportunities at reasonable valuations. 

Furthermore, the PE fund would also aim to help new TradFi entrants to the crypto space navigate investment in businesses by providing them access to “an acquisition-ready portfolio of cash-flowing, growing businesses for fu

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Author: Semilore Faleti