EJF Capital Secures $104 Million for EJF Ventures Fund

EJF Capital LLC, a global alternative asset management firm based in Arlington, Virginia, has successfully closed its EJF Ventures Fund LP with capital commitments amounting to approximately $104 million. The fund garnered support from both new and returning investors. EJF Ventures primarily targets investments in budding financial technology firms that are developing products with the potential for widespread adoption in the financial services sector. The fund's focus areas include blockchain infrastructure, bank technology, and software for wealth management and capital markets. Moreover, EJF Ventures extends strategic guidance and capital to startups that are innovating in various areas.

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