Morgan Creek Capital Management

Morgan Creek Capital Management is a prominent global investment adviser headquartered in Chapel Hill, North Carolina, founded by Mark Yusko. The firm specializes in managing multi-asset class portfolios for a diverse clientele, including institutions, endowments, foundations, and wealthy families. A cornerstone of their investment philosophy involves strategic allocation to alternative assets, encompassing private equity, hedge funds, real estate, and a significant focus on venture capital. While the broader firm provides comprehensive investment management, its venture capital activities are notably channeled through its dedicated arm, Morgan Creek Digital.

Morgan Creek Digital has established itself as a key player in the burgeoning blockchain and digital asset ecosystem. This specialized unit focuses on identifying and investing in innovative companies that are building the foundational infrastructure and applications for the future of the digital economy. Demonstrating their commitment to this space, Morgan Creek Digital successfully raised a $40 million venture fund in 2018, followed by a $60 million fund in 2019, primarily targeting early-stage blockchain ventures. Their portfolio includes notable companies such as BlockFi, Bakkt, and Coinbase, reflecting their strategic interest in market leaders and disruptive technologies.

The firm's ambition in the digital asset sector continued to grow, with reports indicating a target to raise a substantial $500 million crypto fund in 2021. This expansion underscores their belief in the long-term potential of digital assets and their readiness to deploy significant capital into growth-stage opportunities within the space. Morgan Creek Digital typically seeks to partner with visionary founders, providing not only capital but also strategic guidance and access to their extensive network, aiming to accelerate the development and adoption of decentralized technologies.

This approach positions Morgan Creek Capital Management, through its digital arm, as a significant capital provider for companies at various stages within the digital asset landscape, from promising early-stage startups to more established growth companies. Their consistent fundraising and deployment in this niche highlight their expertise and long-term commitment to fostering innovation in the blockchain and cryptocurrency sectors.