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Bain Capital Crypto Raising Second Fund

Bain Capital Crypto is planning to launch a second fund, according to a U.S. Securities and Exchange Commission filing. Bain Capital launched its first crypto fund in March 2022. The $560 million fund launched just before the collapse of Do Kwon's Luna triggered a massive rout in the crypto market. Co-led by Stefan Cohen and Alex Evans, the first fund focuses on early-stage investments and liquid tokens in the decentralized finance (DeFi) and Web3 sectors and has already invested nearly $100 million in projects while actively participating in protocol governance. Bain Capital Crypto declined to comment on the new fund.

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