Tim Heath’s Yolo Investments launches $250m fund in Abu Dhabi
Table of contents
- The FSRA of the Abu Dhabi Global Market authorised Yolo Investments to manage Fund III on 19 May 2026.
- Fund III targets a $250m raise, focusing on Series A to C rounds across fintech, crypto and gaming with a MENA concentration.
- The fund builds on Fund II’s reported 51.6% net IRR and 1.36x TVPI as of 31 December 2025.
Yolo Investments has been cleared by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to launch Fund III, its third and most ambitious fund, targeting a raise of $250m.
The FSRA granted authorisation on 19 May 2026, the result of months of work across the firm’s legal, compliance and operations teams.
Abu Dhabi rationale
The choice of domicile was deliberate. Tim Heath, general partner at Yolo Investments, said:
“Abu Dhabi was a deliberate choice: English common law, a principles-based regulator in the FSRA, and a direct seat within one of the deepest pools of institutional capital in the world. Being regulated in the same jurisdiction as our LPs is now a prerequisite for institutional allocators, and Abu Dhabi clears all three bars.”
Fund III will target Series A to C rounds across fintech, crypto and gaming, with a global mandate and a concentration on MENA. The firm describes its thesis as “backing entrepreneurs who move money,” investing across three sectors it views as converging.
Heath said:
“Our fintechs power payment rails for our gaming portfolio; our gaming operators become anchor customers for our fintech and crypto companies. That kernel, built across a decade of active portfolio management, is the edge we offer founders.”
Building on Fund II
Fund III launches against a strong reported performance record from its predecessor. The announcement cites Fund II’s 51.6% net IRR and 1.36x TVPI as of 31 December 2025.
Net IRR, or internal rate of return, measures the annualised return generated by a fund after fees. TVPI, or total value to paid-in capital, measures the total value returned and still held in a fund relative to the capital invested. A TVPI of 1.36x means investors have seen $1.36 in combined value for every $1 contributed.
The firm says it is finalising the LPA, PPM and subscription documents, onboarding committed LPs, with deployment beginning immediately upon first close.
About Yolo Investments
Yolo Investments was founded in 2017 by Tim Heath, originally under the name Vereeni Investments, and has since built a portfolio spanning fintech, gaming, crypto and blockchain.
Heath’s background includes founding Bitcasino.io, the first licensed Bitcoin casino, and Sportsbet.io, a crypto sportsbook that partnered with Premier League clubs including Arsenal and Newcastle United. The firm now supports more than 70 businesses across its funds, with assets under management of more than $750m.
With the FSRA authorisation confirmed, Yolo Investments is positioned to access institutional capital from within the same regional ecosystem that now forms its LP base. The MENA concentration within Fund III’s mandate suggests a significant share of capital will be deployed locally.
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