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Two Prime Teams Up With Bain Capital-backed Venture Fund

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Blockworks

Mon, Jan 17, 2022

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Uncorrelated Ventures now owns 12.5% stake in investment manager The Two Prime Digital Assets Fund returned 742.8%, net of fees, in the trailing 12 months Digital assets investment manager Two Prime has partnered with financial infrastructure venture fund Uncorrelated Ventures as it looks to quicken its growth and expand its network.

“We were in no need of funding, and so the interest in it is just to grow our network more quickly into the institutional realm,” Two Prime Managing Partner Alexander Blum told Blockworks.

“[Deshpande’s] background at Bain Capital [Ventures] and a few other well-known funds prior to that will help us increase our reach and growth as we start our second year.” Bain Capital Ventures is the venture arm of Bain Capital, a private multi-asset alternative investment firm with roughly $155 billion in assets under management.

“Crypto beta-capture funds such as Two Prime’s have been valuable instruments in implementing these theses alongside crypto alpha.” Blum co-founded Denver-based Two Prime in 2019 with Marc Fleury.

Two Prime Chief Investment Officer Nathan Cox was formerly the CIO for Prana Capital Group, where he developed and managed derivatives, futures and equity strategies for the firm’s volatility focused hedge fund.

The firm, registered with the Securities and Exchange Commission (SEC) as an investment advisor, has grown to more than $125 million in assets under management through its two funds and separately managed account offerings.

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