Even in a bear market, Morgan Creek Digital has no problem swimming upstream.
The crypto asset management firm just bagged a $ 40 million dollar investment and what appears to be the first blockchain/crypto investment by a major pension fund. Two pension plans from Fairfax County, Virginia, the $ 1.43 billion Police Officer’s Retirement System and the $ 3.9 billion Employee’s Retirement System, were the lead investors in what was originally projected to be a $ 25 million dollar raise. Besides the two funds, a hospital system, an insurance company, a private foundation and a university endowment also invested in the raise.