DNA Fund Acquires Coral Capital to Increase AUM by $50M

• DNA Fund raises AUM and strengthens digital asset investments.
• Coral Capital’s experience boosts DNA Fund’s Web3 and blockchain focus.

DNA Fund has announced the acquisition of Coral Capital Holdings LLC, which brings its Assets Under Management (AUM) to more than $50 million. This acquisition bolsters DNA Fund’s position in the rapidly growing digital asset industry. It enhances their reach into Web3, decentralized finance (DeFi), and blockchain technology. The acquisition, announced via GlobeNewswire, is consistent with the firm’s mission of pushing innovation and capitalizing on the expanding digital investment landscape.

Coral Capital’s unique investment management expertise is now integrated into the DNA Fund’s framework. Coral Capital, which has a track record of success in DeFi platforms, AI-driven startups, and blockchain initiatives, adds essential information and experience. This acquisition improves DNA Fund’s capacity to negotiate the complexity of the digital asset market while broadening its investment portfolio.

Under the continued guidance of Thomas L. Coral Capital’s Chief Investment Officer, McLaughlin, emphasized that the firm will maintain its investment philosophy. Additionally, they will contribute to the broader goals of the DNA Fund. With his expertise, McLaughlin is expected to steer the combined firm toward high-growth prospects in emerging technology.

Strengthening Web3 and Blockchain Investments

DNA Fund CEO Christopher Miglino stated this sentiment, highlighting expanded investing prospects for customers. By putting Coral Capital under its umbrella, it not only broadens its investment capabilities but also provides unique, high-growth prospects.

Since starting in 2021, Coral Capital has delivered significant returns with creative methods. Coral’s flagship fund was relaunched in 2023 after transitioning from a market-neutral strategy. It has effectively navigated significant volatility events in the cryptocurrency industry, including the collapses of FTX and Terra. In fiscal year 2022, the fund achieved an impressive 61.6% return, net of fees. This performance significantly outpaced Bitcoin, which recorded a return of 36.7% during the same period.

Additionally, the fund maintained an annual drawdown of just 11.6%.

DNA Fund’s expanded AUM and Coral Capital’s portfolio offer a more durable and broad investing basis, allowing the firm to address expanding institutional demand for digital assets. By combining the expertise of both companies, DNA Fund hopes to boost technical innovation and capitalize on high-potential possibilities in the digital investment ecosystem.

Looking ahead, DNA Fund plans on setting up several more verticals, including a Bitcoin and Ether Yield Fund, as well as speculative funds focused on AI, memecoins, and microcaps. This development represents an important turning point for both companies as they continue to push the frontiers of digital asset investing.