Simpson Thacher represented SkyBridge Capital II, LLC and its affiliates (together, “SkyBridge”) in connection with an investment by an affiliate of FTX Ventures Ltd. (“FTX Ventures”) in SkyBridge. SkyBridge will use a portion of the proceeds to invest in cryptocurrencies. The financial terms of the investment were not disclosed.~~SkyBridge is a global multi-class alternative investments firm specializing in hedge fund solutions and opportunistic investment vehicles. SkyBridge manages commingled funds of funds (including registered funds), separately managed accounts, digital asset offerings, an Opportunity Zone REIT and a series of special purpose vehicles that invest in late-stage private technology companies.~~The Simpson Thacher team included Jonathan Corsico and Erin Harvey (M&A); Rajib Chanda, Ryan Brizek and Erin Randall (Registered Funds); and Jonathan Goldstein (Tax).