Pension Funds Put $50 Million Into Morgan Creek’s New Blockchain Fund

Updated : 2019-10-23T10:30:21

According to CoinDesk, Morgan Creek Digital has raised the first $60.9 million tranche of its $250 million target for its second venture capital fund.

Morgan Creek revealed that the same institutions from the first fund, including two public pension funds, have increased their investments in the second by more than twofold.

Together, Fairfax County’s Virginia’s Police Officer’s Retirement System and Employees’ Retirement System are investing a combined $50 million in the second fund, up from $21 million in its first fund that closed in February.