Yolo Investments has launched a new investment fund which is targeting a capital raise of €100m.
The company said it is looking to expand its ecosystem of investments across gaming, blockchain, fintech and other emerging technologies.
The new fund, Yolo Fund II, is structured as a Guernsey-registered limited partnership and has been licensed by the Guernsey Financial Services Commission.
The €100m fund will constitute an initial raise of €50m alongside another €50m which will be committed by Yolo Investments GPs and invested into gaming, fintech and blockchain-related assets.
The company’s first fund in 2019, it said, invested in over 100 assets spanning an asset under management above €600m, with an internal return rate of more than 40 per cent.
The GFSC has also approved the investment manager licence for Yolo GP, which will act as the fund’s investment manager.
Tim Heath, founder and GP at Yolo Investments, said: “With the launch of Yolo Fund II, we are even better placed to identify and support high-growth potential opportunities across gaming, fintech and blockchain.”
