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
Q4 2021 hedge fund letters, conferences and more
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.
