FTX-affiliated fund MNNC Group has raised over $100 million after rebranding from LedgerPrime

PANews reported on December 20 that MNNC Group, which was renamed from FTX-affiliated crypto hedge fund LedgerPrime in February this year, revealed that the company has raised more than $100 million, DL News reported. The Cayman Islands-based company raised $53 million across two funds, according to a filing with the Securities and Exchange Commission on Thursday. But Ayesha Kiani, chief operating officer of MNNC Group, said: "The amount is much more than that. This is just one of our onshore entities." Kiani said on Friday that MNNC Group has assets under management in excess of "nine figures" but declined to elaborate further. narrate. That figure is up from the "eight figures" the fund disclosed to Bloomberg in February.

Kiani said that after the collapse of crypto exchange FTX in November 2022, LedgerPrime was liquidated and renamed MNNC Group. The company currently has about 10 investors, but declined to disclose their names.