Overview
- The vehicle closed in early October and was announced Nov. 5 at $136 million, finishing below an earlier $150 million target.
- Roughly 25% of the fund is already deployed, including early bets on Coinflow and Codex in the stablecoin ecosystem.
- Fund IV targets early-stage blockchain infrastructure, decentralized finance and startups re‑architecting financial markets.
- Limited partners included family offices, high‑net‑worth investors and some larger institutions, according to partner Sam Hallene.
- The raise comes as venture and crypto funding slumps, with the firm leaning on its CMT Group trading heritage, more than $600 million in AUM and a portfolio that includes Coinbase, Circle, Figure and Consensys.