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Arthur Hayes’ Maelstrom Seeks $250 Million for Buyout Fund Targeting Crypto Infrastructure

The U.S.-registered vehicle pivots from token bets to acquiring cash‑flowing, off‑chain businesses with clearer valuations.

Overview

  • Maelstrom Equity Fund I is targeting four to six acquisitions of mid-sized firms that provide trading infrastructure, data analytics, and related crypto services.
  • Planned deal sizes range from $40 million to $75 million, with each acquisition executed through a special-purpose vehicle anchored by the fund.
  • The strategy centers on purchasing non-token equity, improving operations and cash flow, and pursuing exits within four to five years.
  • The fund aims for a first close by March 31, 2026 and a final close by September 2026, with outreach to crypto funds, family offices, and pension investors.
  • The effort is led by Arthur Hayes with Akshat Vaidya and partner Adam Schlegel, positioning to capitalize on a renewed wave of crypto M&A activity.