Pantera Capital, one of the largest digital asset management companies, is currently aiming to raise more than $1 billion for a new crypto fund that will allow investors to seek exposure across a wide range of blockchain assets.
“All-in-one” Pantera Fund V
As reported by Bloomberg, Pantera Fund V will function as an all-in-one fund that provides investors with exposure across multiple asset classes, including multi-stage tokens, startup stocks, liquidity tokens, and other assets.
If successful, this would be the most money Pantera has raised since the crypto winter of 2022, which saw major bankruptcies and scandals. As a result, until the last year of 2023, fund managers had great difficulties in raising capital.
However, as the market opens up with the participation of major players like BlackRock and the launch of the Spot Bitcoin ETF, crypto funds are rebounding with a ray of optimism. In addition to Pantera, other crypto market participants are also considering raising funds. Earlier this month, Paradigm announced plans to raise $850 million.
Pantera Capital's next fund will likely match the size of its previous fund, which raised about $1.25 billion about two years ago, a confidential source said. Pantera Capital, led by Dan Morehead, an experienced Bitcoin investor who previously held executive positions at Julian Robertson’s Tiger Management, is preparing to launch a new fund.
Eligible investors must make a minimum investment of $1 million, with initial closing expected on April 1, 2025. Limited partners must commit a minimum of $25 million, as outlined in the document.
Earn Solana Tokens
In another development, Pantera Capital successfully acquired additional Solana tokens in a recent sale from FTX.
Pantera Capital recently raised an additional tranche of Solana (SOL) tokens through the FTX Bankruptcy Foundation's ongoing asset liquidation process. The acquisition is part of a series of auctions organized to manage the liquidation of assets belonging to the now-defunct cryptocurrency exchange FTX.
The sale included about 2,000 SOL tokens, according to a person familiar with the deal who asked not to be identified. According to reports, Solana tokens have been sold at higher prices compared to those sold in previous auctions, increasing interest in this asset even though he was initially associated with FTX. It shows that it is possible. The exact price per token in this auction has not been disclosed, but it is known that it was over $60 at the time of the previous sale.
