- May 31st, 2023 AFA Capital exits its stake in Velocity Black, from the Black Pearl Global Opportunity Fund.
6 yrs after the initial investment, AFA Capital is happy to confirm that VB was acquired by Capital One. The return on investment was more than 3 fold.
https://www.capitalone.com/about/newsroom/velocity-black-acquisition
This is the last private equity position held by BPGOF.
- October 1st, 2017 AFA Capital launched BLINK Fund, BLINK will be a tactical trading fund and is the second fund to be managed by AFA Capital along with the Black Pearl Global Opportunity Fund. BLINK will be focused on liquid short to medium-term positions.
- June 13, 2017, Black Pearl Global Opportunity Fund –BPGOF has participated in the initial round of funding for Pivotal Commware of series A preferred stocks.
Pivotal Commware is the fourth company incubated at Intellectual Ventures, that has a focus on metamaterials technology, which involves components infused with properties not found in nature, Pivotal Commware is bringing to market communications products based on Holographic Beam forming technology. The company is privately held and headquartered in Bellevue, WA.
www.pivotalcommware.com
- June 21st, 2016, Black Pearl Global Opportunity Fund –BPGOF A fund Managed by AFA CAPITAL, has announced today the purchase of Velocity Mobile Limited preferred shares of Series B convertible preferred stocks.
Velocity is the world’s leading international digital hospitality service, connecting guests with restaurant and nightlife experiences. The service is live in New York, San Francisco, London, Los Angeles, Toronto, and Montreal. Velocity is a Spark portfolio company
www.velocityapp.com