Finles Capital Targets €100M FundCoin ICO in Private Equity Fund-Backed Offering

Finles Capital Ltd., a boutique fund management firm, is anticipating oversubscription for the €100m ICO of FundCoin, which is backed by investments in a private equity fund.

The proceeds of the ICO will be used to invest in the Finles Lowestoft Equities Fund, a private equity fund that invests in the blockchain industry alongside traditional investments, managed by Finles Capital Management, an independent fund management boutique operating since 1977.

The ICO, which will open up a new class of cryptocurrencies backed by a high-performance asset class rather than a single company or currency, will launch on August, 30th, 2017 with each FundCoin initially priced at €1.
The great majority of the €100m that Finles Capital expects to be raised in the ICO will subsequently be contributed to the fund and allocated to traditional and private investments, with up to 30% invested across the blockchain industry. The fund targets to have an Internal Rate of Return (IRR) of 25%, driven mainly by the high growth of the blockchain industry.

Potential investors can register their interest in FundCoin at

Founded in 1977, Finles manages hedge funds, long only funds and also the Finles/IEX Dutch Hedge Fund Index, responsible for management of €500m on average. The firm has a presence in The Netherlands with partners in Austria, Singapore, the Middle East, Far East, Greater China, Europe and the US with clients including pension funds, insurance companies, private banks, wealth managers and family offices.



Join the discussion