Institutional Investors are Already Turning to Crypto: Should You Fear Missing Out?


Two public pension funds are backing a $40 million investment in a blockchain fund operated by Morgan Creek, which is inversely invested in cryptocurrency and crypto startups. |Source: Drew Angerer/Getty Images/AFP

Two public pensions from Fairfax County, Virginia’s Police Officer’s Retirement System and Employees’ Retirement System, have invested in Morgan Creek’s new $40 million crypto fund.

Anthony Pompliano, a Morgan Creek general partner, said that it is the first case in which public pensions have invested in the cryptocurrency market.

Apart from the two pensions, the fund is said to be financed by a university endowment, a hospital, an insurance company, and a private foundation. It raised a total of $40 million.

Fairfax County Police Officer’s Retirement System chief investment officer Katherine Molnar said:

“Blockchain technology is being applied in unique and compelling ways across multiple industries. We feel it is important to be opportunistic and are excited to participate in this emerging opportunity, due to the attractive asymmetric return profile that it represents.”


The overwhelming majority of the crypto community has responded positively to the high-profile deal secured by Morgan Creek.

But some investors have questioned the $40 million figure and expected the fund to be larger given the involvement of public pensions.

However, the amount of capital involved in the monumental deal of Morgan Creek is of less importance.

The deal led to the entrance of the first group of public pensions into the cryptocurrency sector.

Public pensions are recognized for their conservative and cautious approach in investing. Due to the lack of properly regulated investment vehicles and trusted custodians in the cryptocurrency space, institutions have been reluctant towards investing in the asset class in the past several years.

The Morgan Creek deal has shown that institutional investors are opening up to the cryptocurrency sector and are beginning to become more comfortable with the asset class.


About Howard Mahere

I'm a Bitcoin/Cryptocurrency enthusiast ; motivator; author of "AN IMMIGRANT WITH A PLAN" and a John C Maxwell certified speaker . Happily married to Emely and a father to one son and two daughters. My greatest joy comes from inspiring others to maximize their potential. I feel fulfilled when I bring hope to the hopeless and encouragement to the discouraged. The truth is, we each have a past, and it's either our prison, our excuse OR our springboard to a brighter future. The choice is yours but as for me, I made up my mind a long time ago to use my dysfunctional tough childhood as a stepping stone . The late Zig Ziglar used to say "It's not what happens to you that determines how far you will go in life, it is how you handle what happens to you." This is my story and I am sticking to it!
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