Investcorp, a Bahrain-based leading global alternative investments firm, has launched eLydian Lion, the first dedicated institutional blockchain fund based in the GCC, with a global investment mandate.
The Fund, which will be led by Investcorp’s Abu Dhabi office, will invest in early-stage companies operating in areas within the blockchain ecosystem such as blockchain infrastructure, platforms and exchanges, decentralized finance, and data analytics.
It will enable investors to gain early exposure to the rapid growth of the blockchain ecosystem, which is at the forefront of the digital transformation of the economy.
“We believe that blockchain technology and the ecosystem around it will transform every facet of our economy much as the internet did in the 2000s. We have already seen the potential of blockchain to disrupt existing markets and create new ones, such as the meteoric rise of the Non-Fungible Tokens market that in just a few years has grown from under a billion to more than $40 billion. This new Fund will support the most innovative entrepreneurs from around the world who are developing the blockchain ecosystem and defining what the future digital economy will be.”
Mr. Hazem Ben-Gacem, Co-Chief Executive Officer at Investcorp, said that “Offering our clients innovative and bold investment ideas, backed by our disciplined and proven approach, has been a key element of our success over the last four decades. We have a strong track record in technology investment and will bring our institutional expertise and global reach to bear on this fast-growing area of technology.”
The Fund is independent of and complementary to Investcorp Technology Partners, Investcorp’s leading investment strategy focused on lower mid-market technology opportunities.