Arthur Hayes’ Family Office Seeks $250 Million for Buyout Fund

The family office of Arthur Hayes, an influential figure in cryptocurrency who co-founded the exchange BitMEX, is seeking at least $250 million for a debut private equity fund targeting medium-sized crypto firms.

The fund plans to invest $40 million to $75 million per deal to acquire as many as six companies, Maelstrom Co-founder and Managing Partner Akshat Vaidya said in an interview. The focus will be on service providers including those offering trading infrastructure and analytics platforms.

Private equity investors have largely steered clear of the digital-asset sector since a 2022 wipeout punctuated by the collapse of Sam ...