Key Takeaways
- • Edge Capital Management has raised a combined $66.78 million across a US-based fund and a Cayman Islands fund focused on decentralized finance (DeFi), according to a CoinDesk report citing SEC filings.
- • Edge DeFi Fund LP has raised about $28 million from eight investors since sales opened on February 1; Edge DeFi Offshore Fund has sold about $38.6 million to six investors since sales opened in early October 2021.
- • Edge Capital has not disclosed fundraising targets for either vehicle.
- • The firm plans to pursue macro-style investing across digital assets, blockchain and DeFi, per its website.
- • SEC filings classify the vehicles as "other" rather than hedge funds, though founder Vadim Khramov describes the firm as a hedge fund.
Summary
Edge Capital Management, a crypto-focused investment manager, has raised a combined $66.78 million for two vehicles pursuing decentralized finance strategies, according to a CoinDesk report cited by Hedgeweek. The figures come from regulatory filings submitted to the U.S. Securities and Exchange Commission on October 19 (the report does not specify the year in the excerpt available; the offshore sales timing references October 2021).
The onshore Edge DeFi Fund LP has raised about $28 million from eight investors since sales opened on February 1. The Cayman Islands-based Edge DeFi Offshore Fund has sold about $38.6 million to six investors since opening for sales at the start of October 2021. Edge Capital has not set fundraising targets for either fund, so the totals should be read as amounts raised to date rather than progress against a goal.
According to the firm's website, Edge Capital plans to seek opportunities in digital assets, blockchain and DeFi using macro-style investing. Founder Vadim Khramov refers to the firm as a hedge fund, although the SEC filings do not check the hedge fund box and instead list "other" as the investment fund type. Before founding Edge Capital, Khramov worked at various traditional finance firms, including a macro hedge fund and Bank of America Merrill Lynch in London, according to his LinkedIn profile.
The story was also reported by The Block, which put the total at $66 million for the two DeFi funds.
The onshore Edge DeFi Fund LP has raised about $28 million from eight investors since sales opened on February 1. The Cayman Islands-based Edge DeFi Offshore Fund has sold about $38.6 million to six investors since opening for sales at the start of October 2021. Edge Capital has not set fundraising targets for either fund, so the totals should be read as amounts raised to date rather than progress against a goal.
According to the firm's website, Edge Capital plans to seek opportunities in digital assets, blockchain and DeFi using macro-style investing. Founder Vadim Khramov refers to the firm as a hedge fund, although the SEC filings do not check the hedge fund box and instead list "other" as the investment fund type. Before founding Edge Capital, Khramov worked at various traditional finance firms, including a macro hedge fund and Bank of America Merrill Lynch in London, according to his LinkedIn profile.
The story was also reported by The Block, which put the total at $66 million for the two DeFi funds.
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