Bain Capital on Track to Launch New Crypto Investment Fund

Bain Capital Ventures, the venture arm of Bain Capital, an American private investment firm has filed an application with the United States Securities and Exchange Commission (SEC) to launch a new Crypto Investment Fund. Per the filing, the investment vehicle was christened BCV Crypto Fund I, L.P, and it names the company’s executives Ajay Agarwal and Enrique Salem as co-managers of the service.

The advancement of the digital currency industry has many facets, and the adoption by mainstream institutional investors is one good metric to measure growth. With the influx of this rich class of investors, many outfits are beginning to float investment products with the potential to gain a good market share. The BCV Crypto Fund will operate as a pooled investment fund.

The Bain Capital Crypto Fund has not made its first sale yet per the filing, and the overall size of the fund was not disclosed. The fund places no restriction on those who could gain exposure to the digital currency ecosystem through the Bain Capital offering. The minimum investment from anyone outside of the firm is $0, a price peg the company hopes will help lower the barriers to entry when compared with similar product options around.

Through the BCV Crypto Fund, Bain Capital is deepening its feet into the world of digital currencies. The firm has had a number of active engagements in recent times, announcing the raising of $1.3 billion in funding to be invested across two funds. According to a TechCrunch report at the time, the BCV capital was aimed to be injected into investments involving Series A and Growth stage offerings respectively.

Besides this, Bain Capital Ventures has invested in a number of crypto startups including but not limited to Compound and Lolli.

Bain Capital Crypto Fund: A Substitute for Crypto ETF

The SEC has refused to approve a Bitcoin Exchange Traded Fund (ETF) product to date, a scenario that has forced outfits to explore alternatives in other areas. Over 10 firms have an active ETF application submitted to the SEC, Bain Capital Ventures has chosen to tread another path, one that comes with less delay.

American regulators are still facing dissensions when it comes to regulating the cryptocurrency industry. With the oversight roles of the SEC often clashing with those of the Commodity Futures Trading Commission (CFTC), introducing new products and services by the industry stakeholders often comes with a huge hassle.

The new crypto fund will help Bain Capital boycott needless stress, and still attract investors who wish to gain exposure to the digital currency world.