Pantera Capital’s Fund V Targets $1 Billion for Diverse Blockchain Investments

Pantera Capital aims to secure $1 billion for its new fund, The Panter Fund V. The fund is designed to provide investors with exposure to a wide range of blockchain-based assets.

A new report from Bloomberg reveals that the new fund is scheduled to be launched in April 2025.

Pantera Fund V

Unlike the digital asset investment manager’s previous funds that focused on more specific investments, such as liquid token funds, early stage token funds, Bitcoin funds, and venture funds, Pantera Fund V offers comprehensive products and It is designed to be. Accredited investors must allocate a minimum of $1 million, with first close expected on April 1, 2025.

Limited partners are expected to contribute a minimum of $25 million to participate in the fund.

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“Fund V provides exposure to any blockchain asset. The venture-style fund invests in venture equity, early-stage tokens, and liquid tokens.”

If successful, the fund said it would be the biggest fundraising since the sector collapsed amid scandals and bankruptcies in 2022. report. Fund managers faced major challenges last year in raising new capital, but that appears to be changing as sentiment among key players improves.

As the market recovers, Pantera’s new fund is expected to match the size of its last fund, which raised about $1.25 billion two years ago.

Pantera Capital scores discounted Solana tokens

In addition to the new fund, Pantera Capital Appeared As one of the winning bidders of another batch of discounted Solana tokens. These were auctioned off by administrators overseeing the bankruptcy of the now-closed FTX cryptocurrency exchange.

Approximately 2,000 SOL tokens were sold this week, but this information is not publicly available. Neither Pantera nor FTX Estates spokespeople have yet commented on the sale. Earlier this month, FTX Real Estate disposed of nearly two-thirds of his $2.6 billion stash of Solana tokens at a discount, drawing interest from Pantera and Galaxy Digital, according to insider reports. Ta.

The 41 million SOL tokens on sale will be locked under a pre-agreed vesting period of four years. Despite selling for around $60 per token in previous auctions, sources reveal that these recent coins were sold at higher prices. More auctions are expected to follow.

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