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Alan Howard’s Son Starts a Crypto Venture Fund With Colleague

Reported by Bloomberg ·Bloombergtax ·Bloomberg Law
Sep 5, 2024· 2 min read
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Key Takeaways
  • • Daniel Howard, son of British billionaire hedge fund manager Alan Howard, has launched Halo Capital, a new venture-capital fund focused on digital assets and early-stage crypto startups, in partnership with colleague Bhavin Vaid.
  • • Halo Capital has raised $25 million for its inaugural fund, positioning it to deploy capital into the cryptocurrency and blockchain sector.
  • • Daniel Howard and Bhavin Vaid are both former principals at 10T Holdings, Alan Howard's crypto-focused investment vehicle, indicating continuity of expertise and network within the digital asset space.
  • • The fund launch reflects ongoing institutional appetite for cryptocurrency venture capital and extends the Howard family's substantial presence in the crypto investment ecosystem.
  • • Alan Howard himself remains an active crypto investor with personal investments across approximately 40 cryptocurrency companies, including notable positions in FTX and Polygon, demonstrating the family's deep engagement with the sector.
Summary
Daniel Howard, son of billionaire hedge fund manager Alan Howard, has launched a new venture-capital fund called Halo Capital in partnership with colleague Bhavin Vaid. The fund has secured $25 million in capital for its inaugural investment vehicle, according to Bloomberg reporting. Both principals are former executives at 10T Holdings, Alan Howard's cryptocurrency-focused investment firm, bringing substantial experience in the digital asset space to their new venture.

Halo Capital will focus on early-stage cryptocurrency and blockchain startups, positioning itself within the growing segment of dedicated crypto venture funds. The fund's launch occurs against a backdrop of Alan Howard's longstanding and prolific involvement in cryptocurrency investments. The elder Howard has personally invested in approximately 40 crypto companies throughout his career, including high-profile positions in FTX and Polygon, establishing himself as one of the sector's most active institutional investors.

The formation of Halo Capital represents a continuation of the Howard family's strategic focus on digital assets and reflects broader institutional momentum toward dedicated crypto venture capital. By launching with $25 million in committed capital, Daniel Howard and Bhavin Vaid are positioning their fund to make meaningful early-stage investments while remaining agile in a dynamic market. The venture underscores how second-generation family office leaders are building on their predecessors' crypto expertise while establishing independent investment platforms within the blockchain ecosystem.

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Bloomberg Alan Howard’s Son Starts a Crypto Venture Fund With Colleague Bloombergtax Alan Howard’s Son Starts a Crypto Venture Fund With Colleague Bloomberg Law Alan Howard’s Son Starts a Crypto Venture Fund With Colleague