ICYMI: Stillmark targeting $500 million raise for new bitcoin credit fund
Stillmark — the venture fund run by Alyse Killeen — is targeting a $500 million raise for a new credit fund.Alyse Killeen's Stillmark is trying to raise about $500 million for a new credit fund dedicated to lending capital to companies operating in the bitcoin market, according to sources familiar with the firm's plans.
As for the new fund — dubbed the Stillmark Credit Fund — it will offer companies in the Bitcoin space with debt"as they grow their transaction and payment processing capabilities, [a] critical inflection point that requires 'liquidity,'" according to a deck reviewed by The Block. "Informed by our venture work, Stillmark recognizes both an imminent inflection point for the ecosystem and an acute need for innovating companies," the deck said.
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