SkyBridge Capital’s First Bitcoin Fund Launch


Davis Polk advised SkyBridge Capital on the structuring, launch and related matters for SkyBridge Bitcoin Fund L.P.

SkyBridge Bitcoin Fund L.P. is an institutional-grade private fund designed to provide investors exposure to bitcoin, the largest and most liquid digital asset.

SkyBridge is a global alternative investments firm founded in 2005 by Anthony Scaramucci. SkyBridge specializes in multi-strategy commingled fund-of-hedge-funds products, custom separate account portfolios and hedge fund advisory solutions to address the needs of a wide range of market participants ranging from individual accredited investors to large institutions.

The Davis Polk investment management team included partner Gregory S. Rowland (Picture) and associates Trevor I. Kiviat and Jennifer Kalmanides. Partner Patrick E. Sigmon and associate Sunny Kim provided tax advice. Counsel Charles Shi provided ERISA advice. Partner Zachary J. Zweihorn and associate Alba Baze provided broker-dealer regulatory advice.

Involved fees earner: Alba Baze – Davis Polk & Wardwell; Jennifer Kalmanides – Davis Polk & Wardwell; Sunny Kim – Davis Polk & Wardwell; Trevor Kiviat – Davis Polk & Wardwell; Gregory Rowland – Davis Polk & Wardwell; Charles Shi – Davis Polk & Wardwell; Patrick Sigmon – Davis Polk & Wardwell; Zachary Zweihorn – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: SkyBridge Capital;

Author: Ambrogio Visconti