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Three Arrows Capital
AddedFeb 13, 2024
UpdatedJul 16, 2026
Three Arrows Capital

Three Arrows Capital

Operating

Singapore-based 3AC, a cryptocurrency hedge fund, faced one of the largest trading losses ever, leading to liquidation.

Location
Singapore, Singapore, SG
Founded
2012
Firm
Compare
Portfolio
Fundraising
Employees

Three Arrows Capital (also known as 3AC or TAC) was a Singapore-based cryptocurrency hedge fund which was ordered to liquidate on 27 June 2022 by a court in the British Virgin Islands. It was founded in 2012 by Kyle Davies and Su Zhu.

The company borrowed billions of dollars to fund its trading, and according to July 2022 bankruptcy filings, faces $3.5 billion in creditors' claims. The fund appears to have lost in excess of $3 billion over 2021 and 2022, making its collapse one of the largest hedge-fund trading losses of all time.

Three Arrows Capital - Portfolio Snapshot

Portfolio activity breakdown across disclosed investments and stages

Total Investments31
Current Portfolio Count29
Total Portfolio Exits0

Top Investment Stages

Seed14 (48.3%)
Initial Coin Offering5 (17.2%)
Series A4 (13.8%)
Series Unknown4 (13.8%)
Series B2 (6.9%)

Stage Mix

Seed 48%Initial Coin Offering 17%Series A 14%Series Unknown 14%Series B 7%

Concentration shown as share of disclosed investments by stage.

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Three Arrows Capital - Classification

Also Known As
  • Three Arrows Capital Pte Ltd
NAICS
  • 520000Finance and Insurance
  • 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
  • 523900Other Financial Investment Activities
  • 523990All Other Financial Investment Activities
  • 523999Miscellaneous Financial Investment Activities
SIC
  • 6700Holding And Other Investment Offices
  • 6720Investment Offices
  • 6722Management Investment Offices, Open-end
Show 2 more industry codes
NAICS
  • 525000Funds, Trusts, and Other Financial Vehicles
SIC
  • 6000Depository Institutions