"We're seeing real distributions from these funds, whereby when you have a tight market like now, everybody from private equity to venture is just struggling with lack of distributions. Blockchain is actually sitting quite comfortably."
"Lennertz decided to raise a new fund in part because of the performance of its crypto holdings versus other investments."
"The past few years have been a rollercoaster for the crypto industry, with the bull market of 2021 giving way to the collapse of FTX in late 2022."
"Tiedt said that Lennertz's strategy of investing in other funds has helped it avoid the pitfalls of the recent volatility."
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