Pantera Capital is looking to raise over $1 billion for a new fund offering exposure to a “full spectrum” of blockchain-based assets. This Pantera Fund V, due in April 2025, bills itself as an “all-in-one” fund, in contrast to its existing funds. A minimum allocation of $1 million is required from qualified investors, with a first closing scheduled for April 1, 2025. Limited partners will be required to contribute a minimum of $25 million, according to an April 25 report by Bloomberg.
Asset diversification
Pantera Fund V will include a range of assets such as startup shares, early-stage tokens and liquid tokens, offering significant diversification for investors. Pantera Capital currently manages a total of $5.2 billion in assets through its four existing funds.
Record fundraising
A $1 billion fundraising round would be the largest for the cryptocurrency industry since May 2022, when Silicon Valley-based venture capital fund Andreessen Horowitz raised a record $4.5 billion. Venture capital firm Paradigm is also negotiating a fundraising of up to $850 million for a new cryptocurrency fund, which, combined with Pantera, could indicate a return of more institutional capital to the sector following the market’s recovery in 2023.
Commitment to GameFi
In parallel with this announcement, Pantera strengthened its commitment to the GameFi InfiniGods platform, exclusively taking up its $8 million Series A funding round on April 25. This initiative demonstrates Pantera’s growing interest in GameFi projects.
Conclusion – Pantera Capital targets $1 billion
Against the backdrop of a recovering cryptocurrency market and renewed institutional interest in the sector, Pantera Capital is aiming to raise over $1 billion for its new crypto fund. The fund will offer investors diversified exposure to a wide range of blockchain-based assets.
