10T Holdings, a Greenwich, CT-based mid-to-late-stage private equity firm focused on companies operating in the digital asset ecosystem, closed its growth equity funds, with nearly $389m in capital commitments.
The investors in the funds – 10T Fund, LP and 10T DAE Expansion Fund, LP – comprise a diverse set of asset allocators, including public pension plans, endowments, foundations, and family offices, in addition to high net worth individuals.
Together with co-investment and sub-advised vehicles, 10T raised approximately $750m for the strategy, much of which has already been deployed.
Founded in 2020 by Chief Executive Officer and Managing Partner Dan Tapiero, 10T invests exclusively in the equity of mid-to-late-stage private companies in the digital asset ecosystem. 10T is focused on building a diversified portfolio of blue-chip private companies in the digital asset ecosystem. The funds invest in proven companies operating at scale through primary funding rounds and secondary market purchases. Existing portfolio companies include Kraken, Ledger, Figure, Deribit, Bitfury, Huobi, eToro, Figment, Animoca Brands, and Helium, among others.
Tapiero has 25 years of experience in macro and commodity investing and trading, research and economics. He is a seasoned entrepreneur, having launched several businesses over the course of his career. Mr. Tapiero was the managing partner of DTAP Capital Advisors, a global macro investment firm, and previously served as a macro-focused portfolio manager and analyst at some of the world’s largest and most successful hedge funds, including Tiger Management, Duquesne Capital Management, Steinhardt Management Co., and SAC Capital Advisors. He is also a co-founder of Gold Bullion International (GBI), a physical precious metals and cryptocurrency platform for the wealth management industry, and the Agricultural Company of America (AGCoA), one of the largest farmland REITs in the United States at the time of sale in 2013.
10T’s team includes:
- Partner & Vice Chairman Michael Dubilier, founder of Dubilier & Co., who brings over 35 years of experience in private equity and direct investing in industrial, consumer, and technology companies, and
- Partner Stan Miroshnik, who brings a depth of global relationships in the digital asset ecosystem and nearly 20 years of experience in investment banking, corporate finance, and venture capital.
FinSMEs
09/09/2021