Crypto investment firm Blockstream Capital Partners (BCP) plans to acquire Corbiere Capital Management, a Jersey-based equity hedge fund founded by Rodrigo Rodriguez, in 2023, the company said in a press release on Thursday.
Financial details of the acquisition were not disclosed.
BCP said the Corbiere deal will add equity and event-driven strategies to its existing bitcoin-linked products and build a multi-strategy platform targeting institutional investors
The firm said the combination is designed to enable more diversified portfolios that combine traditional securities with bitcoin-referenced exposures.
Rodriguez will become chief investment officer of Blockstream Capital Management, a new asset management unit within BCP.
He has more than 25 years of experience in equity and event-driven strategies, including roles at JPMorgan ( JPM ), Credit Suisse and BlueCrest, where he served as CIO of its event-driven portfolio.
Corbiere’s team focuses on global equity markets, corporate actions and tactical trading.
Komainu, a digital asset custodian in which BCP is an investor, will provide custody, exchange connectivity, collateral and related business support through its Komainu Connect platform.
“At the core of our mission to build the leading global institutional bitcoin-referenced investment platform is the acquisition of experienced investment teams with specific complementary expertise in alpha-focused investment strategies,” PeterPaul Pardi, managing partner of Blockstream Capital Partners, said in the release.
“The increase in activity around bitcoin treasury companies and publicly traded companies holding bitcoin as an asset on their balance sheets makes it critical to understand how that translates into stock prices and volatility,” Rodriguez said in the release.
BCP is affiliated with Blockstream CEO Adam Back and invests across asset classes, including venture capital, private and public equity, credit, real estate and insurance, with a focus on Bitcoin-related financial infrastructure and products.
Read more: Adam Back’s Blockstream Unveils Bitcoin-Powered Liquid Network Smart Contracts
