The “Old-School” Billionaire Has Invested in Cryptocurrency
A rather large and experienced 75-year-old investor Henry Kravis decided to add digital coins to his portfolio. He invested in Bitcoin with the help of ParaFi Capital cryptocurrency fund. According to Forbes, Henry Kravis occupies the 365th place in the ranking of the richest people in the world, his overall capital is estimated at 5.8 billion dollars. He is the co-founder of the investment company Kohlberg Kravis Roberts & Co with a market capitalization of 16.5 billion dollars. A former employee of KKK & Co, Ben Forman reported about the fact that Kravis became an investor in ParaFi Capital.
“In the high-yield markets, I used to fight to outperform the index by tens of basis points,’’ - Forman said in an interview. - “Crypto, on the other hand, due to its nascency, offers a tremendous amount of alpha to active managers.’’
ParaFi Fund currently manages capital totaling about $25 million, it plans to increase this number to 100 million by the end of the year. Besides the aforementioned Henry Kravis, the investors of this fund are Dragonfly Capital Partners and Bain Capital Ventures. We want to remind: