50T Strengthens Leadership Team with Michael Scott's Appointment as Senior Partner

50T Welcomes Michael Scott as Senior Partner

In an important development for the digital asset investment space, 50T, a prominent growth equity fund manager specializing in the Digital Asset Ecosystem (DAE), has welcomed Michael Scott as its new Senior Partner. With an extensive career spanning over two decades in leveraged credit markets and special situations investing, Scott’s appointment is poised to reinforce the firm's leadership team amidst its rapid growth trajectory.

Michael Scott's previous role as Co-Founder and Managing Partner of Farmstead Capital Management speaks volumes about his industry stature. At Farmstead, Scott successfully escalated the assets under management from the ground up to a remarkable $1 billion, showcasing his acumen in navigating complex financial landscapes. His unique experience not only adds depth to 50T but aligns perfectly with the firm’s strategic vision of capitalizing on the evolving digital asset ecosystem, which has seen significant recent successes.

Notably, 50T has made headlines with its recent portfolio achievements, such as Deribit’s acquisition by Coinbase and Circle's debut on the NYSE, among others. As 50T continues to innovate and expand its influence in digital finance, Scott's insights into credit markets and special circumstances investments will be invaluable.

Dan Tapiero, Founder and CEO of 50T, lauded Scott’s background, stating, "Michael's extensive experience coupled with his proven track record of building robust institutional investment platforms makes him a fantastic addition to our team. His disciplined focus on downside protection and active governance is entirely in sync with our investment philosophy as we scout the most promising growth-stage companies within the digital assets sector."

In conjunction with Scott’s integration into the firm, 50T is initiating its new $500 million Fund V, which is optimized for growth equity investments and boasts a 10-year closed-end structure. It marks a pivotal turn for 50T, with the first close set for Q4 2025. Scott's familiarity with the firm is furthered by his prior experience as a limited partner in 50T funds, providing him with an insider's perspective of the firm’s investment approach and portfolio strategies.

Reflecting on his transition, Scott expressed enthusiasm, saying, "After 23 years in leveraged credit markets, I am thrilled to embark on this new chapter at 50T, collaborating with Dan Tapiero and his exceptional team. Having been an LP for several years, I have witnessed the unique approach the team applies—identifying ventures with solid revenues, tangible use-cases, and significant growth potential while ensuring deliberate downside protection and active board engagement."

Before establishing Farmstead, Scott honed his skills at notable financial institutions, including a partnership at Venor Capital Management and an impactful start at JPMorgan, where he specialized in leveraged finance and distressed trading. He holds a Bachelor of Science in Accountancy from Bentley University, where he graduated summa cum laude.

As he settles into his new role, Scott signifies the growing intersection between the digital asset landscape and technological advancements such as artificial intelligence, stating, "We are just at the beginning of a transformative trend that will reshape global markets. I am fully committed to exploring this ecosystem further and delivering exceptional returns for our investors."

50T’s commitment to cultivating growth in the digital assets realm remains unwavering. With a total of $2 billion in assets under management, the firm aims to leverage its concentrated portfolio strategy to deliver value while ensuring effective governance through active board involvement. As the digital landscape continues to mature, 50T’s strategic moves could very well redefine investment paradigms in the evolving financial landscape.

For further insights and updates on 50T, visit 50Tfunds.com or follow them on social media platforms like X and LinkedIn.