Key Takeaways
- • Re7 Capital is targeting a $100m raise for a new multi-strategy crypto hedge fund, with founder Evgeny Gokhberg slated to serve as Chief Investment Officer, according to Financial News.
- • The London-based manager, founded in 2021 by former UBS director Gokhberg, oversees close to $1bn in assets under management and has nearly tripled its headcount to around 30 over the past two years.
- • Target investors reportedly include sovereign wealth funds, crypto foundations, family offices and high-net-worth individuals, per unnamed sources cited by Financial News.
- • The raise coincides with rising institutional allocations to digital assets, as bitcoin reached an all-time high above $124,000 in August 2025 and ether gained nearly 30% year-to-date.
Summary
Crypto hedge fund manager Re7 Capital is seeking to raise $100m for a new multi-strategy vehicle, with founder Evgeny Gokhberg set to serve as Chief Investment Officer, according to a report by Financial News. The report cites unnamed sources familiar with the matter, who say the firm plans to attract commitments from a mix of sovereign wealth funds, crypto foundations, family offices and high-net-worth individuals.
Founded in 2021 by former UBS director Gokhberg, London-based Re7 has grown into one of the largest dedicated crypto hedge fund managers, overseeing close to $1bn in assets under management. Earlier this year, the firm secured backing from Hong Kong family office VMS Group. Re7 has also expanded rapidly, tripling its headcount to nearly 30 over the past two years.
The fundraising push comes as institutional investors continue to increase allocations to digital assets amid a strong crypto rally. Crypto markets have surged in 2025, with bitcoin reaching an all-time high above $124,000 this month and ether gaining nearly 30% year-to-date, lifting overall market capitalisation by more than $700bn since January. Other crypto-focused hedge funds have also reported strong returns, including Tephra Digital (+23% year-to-date through July) and Edge Capital (+8.3% year-to-date).
The raise also parallels activity elsewhere in the sector. Syz Capital recently reopened its fund of crypto hedge funds with a target of 2,000 bitcoin (circa $200m), already receiving commitments of around 1,800 BTC.
Founded in 2021 by former UBS director Gokhberg, London-based Re7 has grown into one of the largest dedicated crypto hedge fund managers, overseeing close to $1bn in assets under management. Earlier this year, the firm secured backing from Hong Kong family office VMS Group. Re7 has also expanded rapidly, tripling its headcount to nearly 30 over the past two years.
The fundraising push comes as institutional investors continue to increase allocations to digital assets amid a strong crypto rally. Crypto markets have surged in 2025, with bitcoin reaching an all-time high above $124,000 this month and ether gaining nearly 30% year-to-date, lifting overall market capitalisation by more than $700bn since January. Other crypto-focused hedge funds have also reported strong returns, including Tephra Digital (+23% year-to-date through July) and Edge Capital (+8.3% year-to-date).
The raise also parallels activity elsewhere in the sector. Syz Capital recently reopened its fund of crypto hedge funds with a target of 2,000 bitcoin (circa $200m), already receiving commitments of around 1,800 BTC.
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