The Launch of 117 Partners: A Hybrid Advisory and Investment Company
Thomas Braziel, co-founder and managing partner of 507 Capital, is expanding his crypto investment and advisory business by setting up a new entity called 117 Partners. This new brand will offer a combination of advisory services, brokerage work, and direct deals in the crypto space.
Main Breakdowns:
- 507 Capital’s history in bankruptcies and insolvencies
- Expansion into advisory and brokerage work
- Introduction of 117 Partners as a hybrid company
- Focus on advisory work, brokerage work, and direct deals
Over the years, 507 Capital has gained expertise in dealing with bankruptcies in the crypto industry. They started by buying Mt. Gox bankruptcy claims in 2015 and have since worked on various insolvency and restructuring cases. With the launch of 117 Partners, Braziel aims to further diversify their services and capabilities.
117 Partners will operate as a hybrid company, offering both advisory and investment services. This means they will not only provide advice and guidance to clients in the crypto space but also engage in brokerage work and direct deals. The new entity aims to leverage the knowledge and success of 507 Capital to further establish itself as a prominent player in the industry.
Hot Take:
The launch of 117 Partners demonstrates the growing demand for comprehensive services in the crypto industry. By combining advisory, brokerage, and direct deal capabilities, Braziel is positioning his company to meet the evolving needs of clients. With a proven track record in bankruptcies and insolvencies, 117 Partners has the potential to become a trusted and influential player in the crypto advisory space.
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