Dechert Advises Superstate on Launch of Crypto Carry Fund

Dechert advised Superstate Inc., an asset management firm modernizing the infrastructure of investment offerings, on the launch of their newest fund, Superstate Crypto Carry Fund (the "Fund").

The Fund's structure is novel, and investors may receive either tokenized or non-tokenized shares in the Fund. The Fund invests in digital assets. The strategy intends to take advantage of price differences between spot and futures markets for digital assets to optimize the portfolio for both yield and risk across basis opportunities.

This matter is a reflection of Dechert's focus on the continued growth of the firm's private funds and digital asset groups, following the recent hire of Neel Maitra in April, as well as the collaboration of Dechert attorneys on innovative fund structures and products.

The California-led Dechert team advising Superstate was spearheaded by financial services partners Sonia Gioseffi and Neel Maitra and included partner Brenden Carroll, counsel Audrey Wagner and associates Lucy Yang, Richard Chapman and Jannet Jassi; corporate partner En-Min Chua; and tax partner Joseph Riley along with associate Lixun Chen.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital - from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology.