On March 27, 2018, Morgan Creek announced its acquisition of Full Tilt Capital.
As part of the transaction, Morgan Creek Capital Management LLC (“Morgan Creek”) is planning to raise $500 million for blockchain investments, subject to regulatory approval. Further terms of the transaction were not disclosed.
Morgan Creek, headquartered in Chapel Hill, NC, is a hedge fund with more than $1 billion in assets under management.
Full Tilt Capital LLC (“Full Tilt Capital”) is a Raleigh, NC-based venture firm that focuses on the cryptocurrency and blockchain sector.
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