Three Arrows Capital founders launch new VC fund

On June 21, Open Alternate (OPNX), a platform for buying and selling claims in opposition to bankrupt crypto entities, introduced a brand new ecosystem associate dubbed “3AC Ventures.” Based on builders, “the partnership will spend money on initiatives constructing within the OPNX ecosystem and dealing in the direction of a decentralized future.” OPNX was based by Su Zhu and Kyle Davies, who co-founded the now-bankrupt Singaporean hedge fund Three Arrows Capital (3AC).

Citing the announcement, Davies commented, “3AC is lifeless, lengthy dwell 3AC Ventures.” On the agency’s touchdown web page, customers are greeted with the textual content “3AC Ventures is targeted on superior risk-adjusted returns with out leverage,” together with an e mail contact.

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