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Arthur Hayes, co-founder of BitMEX and managing partner of the family office Maelstrom, is preparing to raise up to $250M for a new private equity fund, according to Bloomberg. The new vehicle will target strategic acquisitions in crypto infrastructure, trading services, and analytics firms as part of a long-term consolidation play in the maturing digital asset sector.
What’s the Scoop?
- Ambitious Raise: Managing Partner Akshat Vaidya told Bloomberg that Maelstrom aims to acquire as many as six mid-sized crypto firms, with plans to deploy between $40M and $75M per year. The focus will be on “cash-generating” businesses operating in the plumbing of the crypto economy.
- Deal Structure: Each investment will be executed through a special purpose vehicle (SPV), affording Maelstrom flexibility to structure both equity and token-linked deals. The firm plans to target cash-generating investments with recurring revenue, rather than speculative token exposure.
- Target Audience: The U.S.-registered fund is targeting a first close by March 2026 and a final close by September 2026. It will seek commitments from institutional backers including pension funds, family offices, and crypto investors.
The family office of
— Bloomberg (@business) October 17, 2025Arthur Hayes is seeking at least $250 million for a debut private equity fund targeting medium-sized crypto firms https://t.co/Rayk9YABon
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