Accolade Partners Continues its Leadership in Blockchain Investing, Closes its Third Blockchain Focused Fund of Funds
Firm Closes Accolade Blockchain III at $202m in capital, a fund of funds dedicated to investing in Blockchain focused venture funds
WASHINGTON, D.C., November 20, 2024 – Accolade Partners (“Accolade” or the “Firm”), an investment firm focused on venture capital, private equity growth, and blockchain strategies, announced that it closed its third blockchain focused fund of funds. Accolade Blockchain III, the Firm’s dedicated blockchain fund, held a final close at $202 million in total commitments in October 2024.
Accolade today manages $1.3b in assets focused on blockchain fund investments and is considered both an early mover and a global industry leader in the blockchain space. Accolade Blockchain III is the latest effort focused on blockchain seed and early-stage managers, as well as secondary opportunities and GP stakes.
“We are grateful for the support from our limited partners to continue building on our leadership position in the blockchain space. In Blockchain III, we are continuing our efforts to be an early anchor and thought partner to seed and early stage blockchain managers, while further enhancing our returns through unique investments in secondaries and GP stakes,” noted Partner Aram Verdiyan.
Accolade was founded in 2000 and manages approximately $6.1b across various endeavors including venture capital, private equity growth, and blockchain strategies. Accolade’s investors include endowments, foundations, family offices, and individuals who want to gain exposure to emerging and difficult-to-access funds.
In 2019, Accolade launched a dedicated blockchain focused fund of funds to further capitalize on the blockchain opportunity set that the Firm identified earlier in the decade. Accolade’s blockchain strategy employs a diversified approach to investing across the blockchain value stack, backing leading managers whose investments encompass base layer protocols, supporting infrastructure, decentralized finance, stablecoins, decentralized physical infrastructure networks (DePIN), Web3 gaming, decentralized AI, and more.
As with all its investment strategies, Accolade differentiates itself by taking an active role in both sourcing promising new funds and adding operational and investment value after committing. Accolade’s decision to launch a dedicated blockchain fund of funds demonstrates the Firm’s continued thought leadership, which has enabled its funds to deliver exceptional returns for over 20 years. “We were one of the first funds of funds in both the venture capital and growth equity spaces as they emerged, and we continued our thought leadership through our blockchain effort in 2019. Given our high-conviction and long-term orientation, we have continued to invest and to support the industry through the cycle,” said Managing Partner Atul Rustgi.
ABOUT ACCOLADE PARTNERS
Accolade Partners is a leading alternative investment firm dedicated to delivering superior returns by investing in top-tier blockchain, venture capital and growth private equity funds on behalf of endowments, foundations, institutions, individuals, and others. Founded in 2000 and located in Washington, D.C., the Firm has raised $6.1 billion of capital and is a registered investment advisor. For more information, please visit www.accoladepartners.com.
Media Contact: Andy Salembier, Partner & COO, at 202-775-5595 or andrew@accoladepartners.com