RockawayX Targets $150M for New Liquid Crypto Fund

The new fund will be managed by Austin Barack, the founder of Relayer Capital, who joins RockawayX as part of the acquisition. Relayer reportedly achieved a 70% return during 2026, bolstered by high-performing positions in the Hyperliquid HYPE token and Venice AI’s VVV token. While specific details regarding the new fund's fee structure or regional availability remain under wraps, the strategy represents a departure from RockawayX’s standard venture model, which typically requires longer holding periods and private company exits.

RockawayX currently manages approximately $2 billion across its diverse divisions, including blockchain infrastructure and credit strategies. The firm’s existing market-neutral fund, active since 2022, has reported a 42.59% return since inception. This expansion follows a series of corporate maneuvers, including the closure of a $125 million venture fund in early 2025 and a legal dispute involving a collapsed merger with Solmate Infrastructure. As the firm broadens its scope, it joins other crypto-native venture players like Paradigm and Framework Ventures, which have recently diversified their mandates to include artificial intelligence and robotics alongside digital assets.