Key Takeaways
- • RockawayX is raising $150 million for a new liquid opportunities fund targeting undervalued tokens and crypto-related equities, following its acquisition of crypto hedge fund Relayer Capital.
- • Relayer Capital founder Austin Barack will manage the new investment vehicle; the firm returned approximately 70% during 2026, demonstrating strong track record performance.
- • RockawayX, a Prague-based digital-asset investment firm, currently oversees approximately $2 billion across multiple investment and infrastructure divisions.
- • The new fund strategy provides RockawayX with exposure to liquid crypto assets, complementing its existing venture capital funds focused on private investments in blockchain infrastructure and protocols.
- • The acquisition and fundraising remain undisclosed regarding financial terms, minimum investment requirements, fee structure, and targeted jurisdictions for the new fund.
Summary
RockawayX, a Prague-based digital-asset investment firm managing approximately $2 billion in assets, has launched a capital raise targeting $150 million for a new liquid opportunities fund. The fundraising effort follows the firm's acquisition of Relayer Capital, a thesis-driven cryptoasset investment fund that had focused on blockchain infrastructure, protocols, and applications. The reported acquisition represents RockawayX's strategic expansion into liquid trading strategies, diversifying beyond its existing venture capital operations.
Relayer Capital founder Austin Barack will retain operational control of the new vehicle as its manager. Barack's track record supports the acquisition rationale: Relayer delivered approximately 70% returns during 2026, according to sources cited by Forbes. Prior to founding Relayer in 2024, Barack held a partnership position at CoinFund, where he oversaw both venture and liquid investment strategies. His transition to RockawayX positions him to leverage this dual expertise across the expanded platform.
The new fund's investment thesis focuses on undervalued tokens and crypto-related equities, providing liquidity characteristics distinct from RockawayX's existing venture holdings. This segmentation allows institutional investors to access liquid crypto exposure through a separate vehicle while maintaining access to the firm's infrastructure-focused venture strategies. However, specific operational details remain undisclosed: RockawayX has not publicly announced the acquisition terms, the fundraising timeline, minimum investment thresholds, management fee structure, or jurisdictions in which the fund will be offered to investors.
The capital raise reflects continued institutional appetite for cryptocurrency-focused investment vehicles managed by experienced practitioners. Relayer's strong 2026 performance and Barack's established credentials in both venture and liquid crypto markets position the new fund competitively within the institutional hedge fund landscape.
Relayer Capital founder Austin Barack will retain operational control of the new vehicle as its manager. Barack's track record supports the acquisition rationale: Relayer delivered approximately 70% returns during 2026, according to sources cited by Forbes. Prior to founding Relayer in 2024, Barack held a partnership position at CoinFund, where he oversaw both venture and liquid investment strategies. His transition to RockawayX positions him to leverage this dual expertise across the expanded platform.
The new fund's investment thesis focuses on undervalued tokens and crypto-related equities, providing liquidity characteristics distinct from RockawayX's existing venture holdings. This segmentation allows institutional investors to access liquid crypto exposure through a separate vehicle while maintaining access to the firm's infrastructure-focused venture strategies. However, specific operational details remain undisclosed: RockawayX has not publicly announced the acquisition terms, the fundraising timeline, minimum investment thresholds, management fee structure, or jurisdictions in which the fund will be offered to investors.
The capital raise reflects continued institutional appetite for cryptocurrency-focused investment vehicles managed by experienced practitioners. Relayer's strong 2026 performance and Barack's established credentials in both venture and liquid crypto markets position the new fund competitively within the institutional hedge fund landscape.
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