Pantera Capital, a prominent digital asset investment manager, is reportedly gearing up to launch a new “all-in-one” fund called Pantera Fund V. The firm aims to raise more than $1 billion for this venture, which is set to offer investors exposure to a wide range of blockchain-based assets.
The fund’s launch is planned for April 2025, and it will require a minimum allocation of $1 million from qualified investors, while limited partners will need to contribute at least $25 million.
TLDR
Pantera Capital is seeking to raise over $1 billion for a new “all-in-one” fund called Pantera Fund V, set to launch in April 2025.
The fund will invest in a diverse range of blockchain-based assets, including startup equity, early-stage tokens, and liquid tokens.
Qualified investors will need to allocate a minimum of $1 million, while limited partners will be required to contribute at least $25 million.
If successful, this fund would be the largest raise in the cryptocurrency industry since May 2022, signaling a potential resurgence of institutional capital in the sector.
Pantera Capital currently manages $5.2 billion in assets across four existing funds and has recently invested in GameFi platform InfiniGods.
The Pantera Fund V represents a slight shift in the firm’s investment strategy, as it consolidates its focus into a single, comprehensive fund.
This approach differs from Pantera’s existing funds, which include the Liquid Token Fund, Early Stage Token Fund, Bitcoin Fund, and Venture Funds, each with a more specific investment focus.
The new fund will invest in various asset types, such as startup equity, early-stage tokens, and liquid tokens.
If successful, the $1 billion raise would be the largest for the cryptocurrency industry since May 2022, when Silicon Valley-based venture capital firm Andreessen Horowitz raised a record-setting $4.5 billion.
This development, along with reports of Paradigm negotiating a raise of up to $850 million for a new cryptocurrency fund, could indicate that more institutional capital is flowing back into the sector following a market rebound in 2023.
Pantera Capital currently maintains a total of $5.2 billion in assets under management across its four existing funds. The firm has recently doubled down on its investment in GameFi platform InfiniGods, exclusively taking its $8 million Series A round on April 25, 2023.
The cryptocurrency industry has seen over $3.5 billion in funds raised across 604 funding rounds so far in 2024. If this trend continues, the total funding for this year is on track to surpass the $9.3 billion raised in 2023 by a significant margin, according to RootData.
Fundraising Overview, Image from RootData
However, despite the recent uptick, venture capital funding in the sector is still far from the previous highs of $31.2 billion and $29.3 billion in 2021 and 2022, respectively.
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