Crypto anon McKenna’s newly created investment firm, Arete Capital, launched its first hybrid fund on April 1, targeting a size of $20 million. 

McKenna is a well-known crypto anon and derivatives trader who was recently a researcher at ROK Capital. They created the fund alongside co-founder Ilya Paveliev, who has experience in traditional investment management and was formerly head of growth at blockchain infrastructure company Haruko. 

The founders told The Block in an interview that the fund had reached $10 million in commitments by its launch and is expected to close the full amount over the next two months.

Half of the fund will be allocated to venture investments, while the other half will go to liquid token investments. It will predominantly focus on institutional …