SkyBridge Capital launch of its first bitcoin fund
Davis Polk advised SkyBridge Capital on the structuring, launch and related matters for SkyBridge Bitcoin Fund L.P., an institutional-grade private fund designed to provide investors exposure to bitcoin, the largest and most liquid digital asset.
SkyBridge is a global alternative investments firm founded in 2005 by Anthony Scaramucci. SkyBridge specializes in multi-strategy commingled fund-of-hedge-funds products, custom separate account portfolios and hedge fund advisory solutions to address the needs of a wide range of market participants ranging from individual accredited investors to large institutions.
The Davis Polk investment management team included partner Gregory S. Rowland and associates Trevor I. Kiviat and Jennifer Kalmanides. Partner Patrick E. Sigmon and associate Sunny Kim provided tax advice. Counsel Charles Shi provided ERISA advice. Partner Zachary J. Zweihorn and associate Alba Baze provided broker-dealer regulatory advice. Members of the Davis Polk team are based in the New York and Washington DC offices.