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Crescent completes series A financing with FBG Capital and launches offshore cryptocurrency index fund

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Crescent Crypto Asset Management, a cryptocurrency index fund manager led by Goldman Sachs alumni, has completed its Series A financing and launched its offshore Cayman fund.

FBG Capital led the fundraising round with its investment into Crescent, bringing invaluable connections and industry knowledge to Crescent.
Utilising its strong global presence, FBG is focused on helping Crescent grow assets under management for its suite of passive funds both in the US and abroad. In addition, FBG will leverage its network to help Crescent develop and list multi-coin products on traditional financial exchanges.
Uses of the capital also include expanding the team by hiring senior leadership across sales and business development functions with a focus on talent from bulge bracket investment banking firms and leading ETF providers who share the firm’s vision and passion for bringing cryptocurrencies to the mainstream. Additionally, the firm intends to build out a digital asset research and advisory platform.
“We are excited to partner with FBG Capital in order to grow the business and bring the Crescent 20 to international investors who have shown significant demand,” says Michael Kazley (pictured), Co-Founder of Crescent Crypto.
The Offshore Fund has a minimum investment of USD250,000 and is currently accepting subscriptions, with a management fee of 2 per cent and quarterly redemptions.

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