RockawayX seeks $150M for crypto hedge fund

RockawayX has begun seeking $150 million for a new fund focused on undervalued tokens and crypto-related stocks after acquiring Relayer Capital. Summary RockawayX is seeking $150 million for a new liquid opportunities fund. Relayer Capital founder Austin Barack will reportedly manage the investment vehicle. Relayer returned about 70% in 2026, according to sources cited by Forbes. RockawayX says it oversees about $2 billion across several investment and infrastructure divisions. RockawayX targets undervalued tokens and crypto stocks On Aug. 25, Forbes reported that RockawayX is seeking $150 million for a new liquid opportunities fund following its acquisition of crypto hedge fund Relayer Capital. Citing people familiar with the matter, the report said the fund will invest in “undervalued tokens and crypto-related equities.” The planned strategy would give RockawayX exposure to assets that can be traded more easily than private investments held through its existing venture funds. RockawayX has not publicly announced the acquisition or disclosed the transaction’s financial terms. The company also has not confirmed the fundraising timetable, minimum investment, fee structure, or jurisd...