A former banker who spent stints at JP Morgan, Nomura, and CIMB is preparing a multi-strategy crypto fund and is seeking around $100m for the launch.
Dubai-based Thomas Caddick’s Maitri Token Fund is set to debut in Q1 2023 with capital sourced from a range of family offices, wealth managers and ultra-high-net-worth individuals from Europe, Asia and the Middle East.
The Maitri fund’s asset allocation model pivots between liquid strategies during periods of high volatility, aiming at 8–15% annualized returns, and into token and equity investments in more favourable market conditions. The fund will charge 2/20 but will offer a discounted founders’ share class. Maitri sources, analyzes and seeds blockchain projects with robust infrastructure and consistent ROI.
It is understood Caddick is working alongside senior venture capital investor Nikolai Gurskyi as co-founder. Maitri is using Quay Partners for UK regulatory hosting, Sudrania Fund Services for admin, MHA Cayman provides audit, with Fireblocks providing digital assets infrastructure. Cummings Pepperdine is the firm’s UK lawyer, while offshore counsel is provided by Walkers.
Prior to launching his own firm, Caddick worked as COO for a long/short quant firm called Q Brands House between 2017 and 2020. Before that, he spent five years as CIO of a Monaco family office called Temsi Capital, where he focused on private equity, equity capital markets, and arbitrage trading strategies.
He also spent over a decade in investment banking, including stints as Head of EMEA Equity Sales and Trading at CIMB in London, alongside senior equity roles for Nomura, South China Securities and J. P. Morgan.
About Maitri Capital
Maitri was formed in 2021 by an experienced management team, each with nearly 20 years of investment experience in multiple areas, from institutional investment management to the latest cutting-edge blockchain technology and crypto.
The joint experiences of the team enable Maitri to maintain the dynamic heart of crypto and blockchain investments whilst underpinning this with extensive knowledge of institutional risk management, compliance and oversight. This is augmented by crypto subject matter experts to provide holistic coverage of a rapidly evolving space.
Maitri Capital is the early-stage investor of choice for ambitious founders and projects.