Re7 Capital finds real value in Web3
NOV 1, 2024
B. G., Opalesque Geneva for New Managers: In the internet world, the Web2 era, which started this side of the century, has created much anxiety and complications over data and privacy. Web 3.0 is an alternative that is becoming popular because it puts the internet's power back into the hands of end users. And Web3 companies are becoming a part of many portfolios as they offer promising growth.
Re7 Capital Founder and Managing Partner Evgeny Gokhberg outlines his view that the current crypto market presents a rare opportunity — a disconnect between market valuations and intrinsic value that mirrors the early internet era. With Web3's active user base still small but its growth trajectory promising, Re7 sees a structural window before broader institutional adoption takes hold.
Re7 approaches this through two core strategies: its market-neutral DeFi yield fund, launched in 2021, and its Opportunities Fund — a liquid venture strategy targeting post-venture stage tokens with market caps under $5 billion. Since launching in May 2023, the Opportunities Fund has more than doubled its NAV by capturing alpha across six macro sectors, with selective private deal exposure capped at 15%.
Gokhberg shared these views as part of an Opalesque Investor Workshop webinar, covering Re7's Web3 tech cycle framework, its proprietary risk rating system monitoring over 500 protocols in real time, and case studies from investments including Across and Neutron.
For the full article, read here: Opalesque
