a16z's first $300 million crypto fund has cashed in part of the proceeds, and has returned 3 times the original size of the LP fund

According to Silicon Release citing The Information, Andreessen Horowitz (a16z) launched its first crypto fund with a scale of 300 million US dollars in 2018. It cashed in part of the gains in last year’s crypto bull market and has returned to LPs the original size of the fund. 3 times. The rest of the fund remains outstanding. But in theory, the fund could return as much as 10 times, according to people familiar with the matter (though if the current crypto bear market lingers, that could shrink the gains).