SBF and the Mooch marry as FTX Ventures takes 30% stake in SkyBridge Capital

Scaramucci considers Bankman-Fried to be part of the "small universe of outside investors that SkyBridge would consider partnering with", promises that the SkyBridge's investment strategy will not change.

FTX Ventures, a branch of Sam Bankman-Fried's FTX crypto exchange, is to acquire a 30% stake in alternative asset manager SkyBridge Capital, the companies announced on Sept. 9. Terms of the deal were not disclosed, but SkyBridge will use $40 million of the proceeds from the purchase of cryptocurrencies to hold as a long-term investment, according to a statement.

Anthony Scaramucci, Founder and Managing Partner of SkyBridge, said of the deal on Twitter: "There is a small universe of outside investors that SkyBridge would consider partnering with, and @SBF_FTX is one of them. " He added separately: “It will not have a significant impact on our day-to-day business and will not change our strategy. […] We will remain a diversified asset company, while investing heavily in blockchain. SkyBridge was managing approximately $2.5 billion, including more than $800 million in digital assets, as of June 30, according to its website.

There is a small universe of outside investors that SkyBridge would consider partnering with, and @SBF_FTX is one of them. Sam is the real deal and, in my opinion, is building @FTX_Official into the Amazon of financial services. He even makes me dress like a millennial. pic.twitter.com/yO9N6u24Rz

The two companies have collaborated on SALT (SkyBridge Alternatives) conferences and the Crypto Bahamas conference over the past year. Bankman Fried