Re7 Capital and Republic Crypto launched a $100 million fund called the RxR Opportunities Fund on April 1, offering accredited investors a portfolio of selected cryptocurrencies to invest in liquid tokens.
The fund is an open-end fund with a one-year lock-in period and then unlocks liquidity on a quarterly basis. Re7 Capital founder Evgeny Gokhberg said the fund is focused on building positions and hopes to hold them for one to three years. 15% of the fund can be invested in private transactions such as over-the-counter transactions at a considerable discount. Gokhberg pointed out that despite being in a bear market, Re7’s DeFi fund did not lose money last year.
According to reports, Republic Crypto is a Web3 consulting and encryption infrastructure company. (The Block)