Henry Kravis has invested in ParaFi Capital cryptocurrency fund

Henry Kravis (Henry Kravis), co-founder of one of the largest investment companies Kohlberg Kravis Roberts & Co (KKR), invested part of their funds in the cryptocurrency fund ParaFi Capital.

As reported, at the moment ParaFi Capital fund manages assets of $ 25 million, but it is expected that by the end of the first quarter of 2020, assets should increase to $ 100 million. Para For Capital founder Ben Forman noted:

“In high-yield markets, I tried to get a return of at least tens of percent. It is easy to do in cryptocurrency; it allows active managers to make large profits. When I thought about working with the blockchain at KKR, it became clear that the company would not give me that opportunity. And I decided to make a cryptocurrency KKR “.

Note that, according to Genesis Capital, the current rise in Bitcoin could have been an increase in the activity of institutional investors, which was 300% for the year.