Sydney, Australia, December 01, 2017 --(PR.com
)-- Solomon and Kendrick Block Chain Fund
Solomon and Kendrick (Solomon) has closed The Solomon B.C Fund with USD 430 million in commitments.
The B.B Fund is a companion fund to Solomon’s USD654 million flagship fund. The two Funds invest side-by-side in the firm’s Technology sector.
The Fund closed above its original target and includes a significant commitments from the Partners.
The principals of Solomon have deployed more than USD1.0 billion in 359 investments since 2014 and more than a third of the firm’s invested capital has been funded in Solomon's new technology strategy investments. The firm typically makes equity commitments of USD50-200 million in support of management teams pursuing opportunities across the spectrum of industries.
"By have scaling our platform to capitalise on the attractive opportunities we are seeing in Technology today," says a spokesperson at Solomon. "It is important to have a long-term view in this industry and we have been active as well as maintaining discipline in our deployment of capital through various cycles."