NEO Global Capital Ventures (NGC) is launching “Fund II” with a targeted size of $25 million has raised around $20 million
NEO Global Capital Ventures (NGC), one of the biggest blockchain institutional investors, is launching “NGC Ventures Fund II”. It is an “All-Weather Crypto Fund” particularly designed to capture market beta and secure consistent returns in both bloom and gloom market conditions.
Fund II with a targeted size of $25 million has raised around $20 million, more than two-thirds of its target. The fund will deploy massive arrays of investment strategies such as purchasing tokens, equities, and structured products (on both the primary and secondary markets) to fixed income, mergers & acquisitions, and quant trading, staking, and mining.
Tony Gu, the NGC founding partner, stressed in a blog post in August, the “all-weather investment strategy” focuses on different investment vehicles according to different stages of market cycles including accelerating growth, inflation, slowing growth, deflation.
Singapore-based NGC established its first fund in 2017 and has invested in over 50 projects until now, including Algorand, CoinFLEX, and DappReview. According to NGC managing director Jack Lu, the firm collected around 5x returns on its first fund and currently has around $400 million assets under management.
A recent research also recognized NGC as one of the 10 most active crypto funds in 2019, along with two other Asia-based funds Fenbushi Capital and Dragonfly Capital, according to PitchBook. Back in 2018, NGC was also selected by PitchBook, as one of The Top 10 Venture Capital Funds, making it one of only two funds in Asia to feature on the list.