Abra Targets High-Net-Worth Clients With New Asset Management Division

The newly formed Abra Capital Management will require a minimum investment of $250,000.

AccessTimeIconApr 5, 2022 at 12:30 p.m. UTC
Updated May 11, 2023 at 5:58 p.m. UTC
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Crypto brokerage platform Abra has opened Abra Capital Management (ACM), which it said is intended to give clients access to actively managed, structured products and investment funds.

  • ACM launched with plans for five funds, three of which will target yield-generating opportunities in stablecoins, bitcoin (BTC) and ether (ETH), and two others that will target early stage token and equity investments, the company said in a statement.
  • “As investor appetite for access to the emerging digital asset economy has skyrocketed, so has the demand for solutions that can help them diversify their exposure and invest in high-growth, yet relatively inaccessible, vehicles,” Abra founder and CEO Bill Barhydt said in a statement. “Most exchanges and crypto platforms are limited in the solutions they can offer.”
  • Marissa Kim, who recently joined ACM as a general partner, will lead the new business. She previously founded Quantum Global Management, an investment firm focused on thematic investments in the Web 3 space. Barhydt will serve as chief investment officer.
  • ACM’s funds require a minimum investment size of $250,000.
  • In September, Abra raised $55 million in Series C funding to develop new offerings geared toward high-net-worth and institutional clients.
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