Key Takeaways
- • Daniel Howard, son of British hedge-fund billionaire Alan Howard, and colleague Bhavin Vaid have raised $25 million for Halo Capital, a new New York-based venture-capital fund focused on digital assets.
- • Howard and Vaid were most recently at crypto-focused private equity firm 10T Holdings, and the fund was officially announced the week of September 5, 2024.
- • The founders say they aim to bring a growth-investor mindset to early-stage crypto projects, differentiating the fund from venture investors that concentrate on a single ecosystem.
Summary
Daniel Howard and Bhavin Vaid have launched Halo Capital, a venture-capital fund focused on the digital-asset sector, after raising $25 million, according to Bloomberg Tax. The firm, based in New York, was officially announced the week of September 5, 2024. Bloomberg Tax notes that Alan Howard, the British hedge-fund billionaire and founder of Brevan Howard, is also a known crypto advocate in the family, though the report does not detail any direct involvement by him in Halo Capital.
Howard, 27, and Vaid were most recently at crypto-focused private equity firm 10T Holdings. In an interview cited by Bloomberg Tax, the pair said they intend to apply the mindset of growth investors to early-stage projects. They contrasted their approach with many crypto venture investors that concentrate on a specific ecosystem, suggesting Halo Capital will take a broader, cross-ecosystem view.
The available reporting is limited to the launch announcement and founder interview, and does not disclose details on the fund's investment strategy, target portfolio size, or initial investments.
Howard, 27, and Vaid were most recently at crypto-focused private equity firm 10T Holdings. In an interview cited by Bloomberg Tax, the pair said they intend to apply the mindset of growth investors to early-stage projects. They contrasted their approach with many crypto venture investors that concentrate on a specific ecosystem, suggesting Halo Capital will take a broader, cross-ecosystem view.
The available reporting is limited to the launch announcement and founder interview, and does not disclose details on the fund's investment strategy, target portfolio size, or initial investments.
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