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Citigroup Alum Matt Zhang Launches $1.5 Billion Crypto-Investing Venture

  • Hires Sam ‘Das Kapitalist’ Peurifoy to run play-to-earn arm
  • Venture to also focus on crypto trading, VC investing, staking
     
Photographer: Tomohiro Ohsumi/Bloomberg
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Former Citigroup Inc. executive Matt Zhang is launching a $1.5 billion venture focused on cryptocurrency-related investments and has hired Sam Peurifoy -- an ex-Goldman Sachs analyst known for his online gaming persona “Das Kapitalist” -- to lead a dedicated “play-to-earn” strategy. 

The New York-based investment firm, named Hivemind Capital Partners, has received “a decent amount of interest” from qualified institutional investors including pensions, endowments, sovereign wealth funds and family offices, Zhang, founder and managing partner, said in an interview. Hivemind expects to add another four to five partners in the next six to 12 months.