An investment vehicle managed by EJF Capital LLC, a global institutional alternative asset management firm and a client of ELG, joined a16z (Andreessen Horowitz), Tiger Global, Katie Haun, Multicoin Capital, Coinbase Ventures and others in a $200 million round into Aptos Labs, a Layer 1 blockchain startup. EJF is focusing on venture capital investing that targets early-stage opportunities. ELG represented EJF in its review and negotiation of the financing agreements.
