Arthur Hayes’ family office, Maelstrom, targets $250 million for new private equity fund: Bloomberg

Arthur Hayes’ family office, Maelstrom, is seeking to raise over $250 million for a new private equity fund, according to a Bloomberg report. The fund intends to acquire up to six medium-sized cryptocurrency firms, with Maelstrom Co-founder and Managing Partner Akshat Vaidya stating they will invest between $40 million and $75 million annually, focusing on blockchain service providers like trading infrastructure and analytics startups. Each deal will be structured as a special purpose vehicle (SPV) targeting cash-generating businesses. Hayes, co-founder of Bitmex, launched Maelstrom in 2023 as a hybrid of venture capital and private equity, also managing a Bitcoin developer grant program. This fundraising effort occurs amid a rising trend of large mergers and acquisitions in the crypto industry following the FTX collapse.

(Source：The Block)