A crossover fund investing across crypto, AI, and global markets — private equity, pre-IPO,and listed equities, through full market cycles.

L Invest is a single-GP crossover fund built on one thesis: the highest-conviction capital moves across asset classes, not within them. We entered through crypto, rotated into AI and the tech IPO cycle, and hold the flexibility to follow value wherever it migrates next.
SELECTED POSITION
Holdings classified by how we own them — and how they return.
VENTURE & MARKETS

Backpack

Core Equity

Exchange & regulated securities venue.The fund's
anchor position.

Kraken

Pre-IPO Secondary

Top-tier global exchange on a public-listing path.

Polymarket

Pre-IPO Secondary

Leading prediction market bridging crypto and mainstream finance.

Gemini

Pre-IPO entry · Now listed

US exchange, Nasdaq-listed(GEMI). Entered via pre-IPO secondary.
PRIVATE HOLDINGS - CASH FLOW

Private Members Club & Lounge

HOSPITALITY · DISTRIBUTIONS

Operating private members lounge and nightclub in Shanghai. Returns via recurring cash distributions, not exit.

Primary Equity (40–60%)
— Long-term value creation through core ventures like Backpack.
Pre-IPO & Secondaries (15–25%)
— Faster IRR via strategic late-stage opportunities.
Tokens (10–20%)
— Capture narratives, remain crypto-native, and stay close to innovation.
Listed Equities (10–20%)
— PIPE, arbitrage, and public market exposure to enhance track record.
We invest across equity, pre-IPO secondaries, listed markets, and private operating businesses. Our strategy combines long-term ownership with tactical entries. We follow where value migrates in technology.
2025
New Token Themes
Narratives
2025
Late-Stage Deals
Pre-IPO
2024
Backpack Exchange
Core Equity
2024
Public Equities
PIPE / Listed

Built to Cross Cycles

Venture at the core, liquidity at the edges — positioned for where value migrates next.

For founders, partners, and inquiries: info@linvest.capital

Contact us