The Yale Univesity is rumoured to invest in new cryptocurrency fund worth $400 million.
According to the news reports, the new fund called Paradigm was created by Fred Ehrsam (Coinbase co-founder), Matt Huang (former partner at Sequoia Capital) and Charles Noyes (ex-employee at Pantera Capital).
Earlier, the project representative commented that their investment fund would target financing crypto and blockchain startups that are in the very beginning of their business path.
As the media reported, the Ivy League scores the second place among the major global educational establishments – capital investments reach $30 billion.
The university representative did not comment on this activity, so it is unknown so far what investment Yale has made. Besides, Sequoia Capital is said to take part in the project as well.
As the available data shows, the Yale receives annual profit from investments at 12.6%. The bulk of the university's assets in the FY 2019 may reportedly come from the alternative investment activity (hedge funds, venture capital, etc.).