TechFlow News, according to Fortune, the German family office Lennertz has announced raising $165 million for its blockchain-focused fund of funds, further expanding its investment footprint in the crypto space.
Since its founding in 2015, Lennertz has invested across multiple asset classes and began entering the blockchain sector in 2016. The firm employs a unique investment strategy—investing in other fund managers rather than directly into projects or tokens—to mitigate risks associated with market volatility.
Lennertz's portfolio includes prominent crypto venture capital firms such as Multicoin, Polychain, and Hack VC. It plans to allocate capital to 8–10 blockchain venture funds through this new fund, primarily focusing on the U.S. market. Despite significant volatility in the crypto markets, Lennertz’s first two funds have achieved an annual internal rate of return exceeding 35%, demonstrating strong investment performance.
