Pantera Capital Seeks to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Digital asset investment manager Pantera Capital reportedly aims to raise over $1 billion for a new fund that will provide investors with exposure to a wide range of blockchain-based assets.
The fund, known as Pantera Fund V, is scheduled to launch in April 2025 and will serve as an all-in-one investment vehicle, according to an April 25 report from Bloomberg.
It diverges from Pantera’s existing funds that have more specific investment focuses, such as the Liquid Token Fund, Early Stage Token Fund, Bitcoin Fund, and Venture Funds.
Qualified investors interested in participating in the Pantera Fund V will be required to allocate a minimum of $1 million.
The first closing of the fund is expected to take place on April 1, 2025. Bloomberg reported that limited partners will need to contribute a minimum of $25 million to participate in the fund.
Pantera’s website indicates that the Pantera Fund V will encompass various asset types, including startup equity, early-stage tokens, and liquid tokens.
With its current funds, Pantera Capital manages a total of $5.2 billion in assets.
If successful, the $1 billion raise for the Pantera Fund V would mark the largest fundraising effort in the cryptocurrency industry since May 2022 when Andreessen Horowitz, a venture capital firm based in Silicon Valley, raised a record-breaking $4.5 billion.
Crypto giant – @PanteraCapital looks to raise $1 billion for new crypto fund V launching April 2025.
Fund V offers exposure to the full spectrum of blockchain assets. The venture-style Fund will invest in venture equity, early-stage tokens, and liquid tokens.… pic.twitter.com/AVlJf4R1yR
— MartyParty (@martypartymusic) April 25, 2024
Additionally, Paradigm, another VC
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