FUNDRAISING NEWS | November 20, 2024
UK-based Linacre Investments Limited announced a temporary $1B cap on its Digital Asset Innovation Fund in response to strong demand during the second half of 2024, ensuring the firm to effectively manage the fund’s liquidity.
The Digital Asset Innovation Fund provides institutional and accredited HNW investors with exposure to the digital assets sector, and Linacre said the fund has faced extreme demand fueled by increased adoption of digital assets, recent regulatory advancements such as ETF approvals, and momentum generated by the recent US elections. Given the high demand, Linacre said it will regularly assess the fund’s capacity limit with respect to market dynamics and liquidity considerations, adding that it plans to expand its offering to retail investors in 2025.
