Police Pensions Back $40 Million Blockchain Venture Capital Fund

Police Pension Backs Morgan Creek’s $40 Million Blockchain Venture Capital Fund

Police officers and other state employees in Virginia’s Fairfax County will be looking forward to retirement with potential dividends from an unusual source: bitcoin. Two separate pension funds that collectively manage $1.2 billion in assets for the state’s police force and other employees are backing a $40 million investment in the Morgan Creek Blockchain Opportunities Fund, which in addition to backing some of the best known startups in the space, plans to invest in cryptocurrency.










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