C1 FUND SECURES SEVEN INVESTMENT AGREEMENTS FOLLOWING IPO

KUALA LUMPUR, Sept 18 (Bernama) -- C1 Fund Inc (Fund), a registered closed-end investment company, has announced the signing of seven investment agreements in the weeks following its Aug 7 initial public offering (IPO).

According to a statement, within weeks of its IPO, the Fund has already executed seven investment agreements in private digital asset companies that it believes are leaders in their respective categories.

These transactions are currently progressing through customary closing conditions and are expected to close in the near future, while several other agreements are in advanced negotiation and anticipated to be finalised in the coming weeks.

“Our team’s execution since the Fund’s IPO has been marked by speed, discipline, and access.

“Both institutional and retail investors are seeking to benefit from our unique ability to source and negotiate entry into late-stage private companies reshaping digital finance,” said its Chief Executive Officer, Dr Najam Kidwai.

Meanwhile, C1 Advisors LLC Chief Investment Officer, Elliot Han said these early transactions demonstrate the Fund’s ability to secure access to some of the most important companies shaping the digital-asset economy.

“We believe the pace of our initial activity shows that we can source and structure transactions, with speed and discipline, as we pursue our investment strategy,” he said.

Since being listed, the Fund has observed constructive engagement from both portfolio companies and existing private shareholders. Companies are attracted by the Fund’s long-term approach, while shareholders value the liquidity options it provides.

Key highlights since the IPO include rapid capital deployment, a robust pipeline of additional deals in negotiation, and exclusive access to leading late-stage digital asset firms.

C1 Fund is a Maryland corporation based in Palo Alto, California, with C1 Advisors serving as the Fund’s investment adviser. The Fund’s investment objective is to maximise the portfolio’s total return, principally by seeking capital gains on the Fund’s equity and equity-related investments.

-- BERNAMA