S&P Analysis: PE Firms Hesitant To Add Cryptocurrencies As An Investment Option

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According to a new analysis from S&P Global Market Intelligence, private equity M&A involving cryptocurrency has yet to gain momentum, with only a handful of buyouts struck each year since 2017

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S&P Global Market Intelligence data shows that just 67 private equity and venture capital funds launched since 2017 have investments in the digital assets.


Key highlights from the analysis include:

  • Larger funds that have forayed into cryptocurrency are SoftBank Vision Fund 2, which has amassed $108.00 billion since its 2019 formation, and TPG Tech Adjacencies LP, which launched in 2018 and closed at $1.60 billion the following year.
  • Only a handful of buyouts were struck each year from 2017 to 2022, the highest being 11 deals in 2018, Market Intelligence data shows.
  • Venture capital investments in cryptocurrency surged in 2021 with 243 transactions, but deal values were small.