KKR & Co co-founder Henry Kravis has invested in a crypto fund ParaFi Capital, Bloomberg writes. The company was set up by KKR & Co’s former employee Ben Forman last year, following his departure from KKR. Besides the investment from Kravis, ParaFi received funding from Bain Capital Ventures and Dragonfly Capital Partners.
At KKR, Forman worked in the credit business and was the head of in-house research on blockchain and cryptocurrency. While he considered “pursuing blockchain investing within KKR,” but ultimately decided to “build the KKR of crypto” of his own.