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Alternative Market Briefing

SAVA Investment Management launches hybrid private equity/digital assets fund

Thursday, October 31, 2019

Bailey McCann, Opalesque New York for New Managers:

A new fund is coming to market that offers a hybrid structure giving investors access to private equity and digital tokens.

SAVA Investment Management has launched a Healthcare Blockchain Fund. Investors in the private equity style vehicle will be able to take part in early investment rounds of healthcare companies and will be able to participate in digital token sales for those companies. The fund is operating on a three-year time horizon after which time it will exit its investments via IPO.

Pancho Vanhees, Managing Partner at SAVA Investment Management tells Opalesque New Managers that the fund grew out of his background in the digital assets space. By combining a private equity vehicle with the digital token opportunity, investors are given access to a bigger piece of the early-stage growth of companies in the fund's portfolio. SAVA has also created a proprietary digital token order execution system. "The bots that I am using to purchase the tokens are designed to ensure that I get the best order rate," Vanhees said.

Vanhees is interested in healthcare as an industry because of the strong demand from consumers. "We think these are some of the only tokens that have a clear use case," he explains.

Investors in the strategy will have to invest in the private equity vehicle before they gain access to the tokens offered......................

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