The Silicon Valley hedge fund that was thrust into scandal last year when its billionaire co-founder Shervin Pishevar was accused of sexual misconduct has decided to find another way.
Sherpa Capital’s employees will be working on a new fund created by the other co-founder, Scott Stanford, and GGV Capital’s Hany Nada, according to Axios.
The new firm will maintain all of Sherpa’s funds under management, and is raising other investment vehicles reportedly.
A spokesperson for Sherpa had no comment.
Sherpa was thrown into turmoil last year when Pishevar, 43, the deep-pocketed ally of former Uber Chief Executive Travis Kalanick, was accused of sexual misconduct by six women.
In Dec. 2017 Pishevar resigned from Sherpa while still denying the allegations.


