Deniz 
A U.S. Securities and Exchange Commission (SEC) application indicates Bain Capital Crypto intends to open a second fund.
In March 2022, Bain Capital opened its first crypto fund. Launched immediately before Do Kwon’s Luna’s Luna fell, the $560 million fund set off a catastrophic slide in the crypto market. Bain Capital was an active investor in rounds including Sam Altman’s $115 million Worldcoin financing, privacy system Nocturne Labs, and distributed exchange aggregator Flood, despite the following crypto winter.
Stefan Cohen and Alex Evans co-led the inaugural fund, which focuses on early-stage investments and liquid tokens in the distributed finance (DeFi) and Web3 sectors and has already committed about $100 million in projects actively engaged in protocol governance.
Bain Capital Crypto said compliance issues prevented it from responding to the new fund via its public relations firm.