Miami Family Office Backing NFT Fund Launch Helmed by Fine Art Collector

  • The fund is one of the growing numbers of new vehicles focused on NFTs as institutional investors are anxious for space exposure.
  • Liquidity is a digital collectible fund issue, with both hedging and private equity settings competing for a limited partner lockup period.

Fine arts collectors are laying the foundation for NFT funds for institutional investors with the help of Miami’s family office, Accretion Capital, according to two sources familiar with the matter.

Edward Burillo, which founded Accretion in 2013, plans to launch the vehicle during the second quarter, sources said. The fund will invest in a medium-term approach that emphasizes trading based on market inefficiencies, in addition to short-term play, including the purchase of fresh NFT (non-fungible token) mint and related Tokenomics projects. I am planning.

Sources have been granted anonymity to discuss sensitive commerce. Brillo declined to comment.

Accretion focuses on venture capital investment from pre-seed to series B rounds. The new fund was established as a separate organization from the Family Office. However, many private investment partners are also working on launching.

Called the Accretion NFT Fund, the vehicle is poised to pursue longer-term strategies, such as buying and owning Bored Ape Yacht Club collectibles and good NFTs such as CryptoPunks.

Financing is done because more and more crypto asset managers are responding to the growing interest of institutional investors in digital collectibles, with funding specifically focused on this corner of crypto. Liquidity is one issue, with some portfolio managers prefer private equity-style lockup periods like traditional fine art funds, while others have adopted hedge fund settings.

“Theoretically, to do that as a hedge fund, [valuation] “Indicators,” said one source. “But if you think of it like art, you have to stick to it in a PE fund.”

“Now there are plenty of opportunities to make money with this. Pricing is everywhere and not many traders know what they are actually doing.”

Burillo is raising its founder’s stock class with priority fees and lockup periods. When it expires, a limited number of partners will be able to redeem it quarterly, according to one source. It’s not clear how much money he’s raising overall.

Launches from well-established anonymous NFT traders are also of interest. A good example: Punk6529, an influential voice on Crypto Twitter, has launched a hedge fund focused on NFTs, Blockworks reported.

Accretion also makes its own investments in blockchain companies, including investing in promising Web3 startups.

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  • Michael Bodley


    Michael Bodley is the Editor-in-Chief of New York-based Blockworks, focusing on the intersection of Wall Street and digital assets. He previously worked for the institutional newsletter Hedge Fund Alert. His work has been featured in The Boston Globe, NBC News, San Francisco Chronicle, and The Washington Post.Contact Michael by email [email protected]


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