Pantera Capital to Raise $1 Billion for New Crypto Fund V

Pantera Capital, one of the largest managers of digital assets, is reportedly looking to raise over $1 billion for a new fund that would offer investors exposure to a wide range of blockchain-based assets.

The fund, called Pantera Fund V, is slated to launch in April 2025 and would serve as the company’s ‘all-in-one’ fund, according to an April 25 report by Bloomberg. It differs from existing Pantera’s Early Stage Token Fund, Liquid Token Fund, Venture Funds, and Bitcoin Fund, which offer a more specific investment focus. Pantera maintains a total of $5.2 billion in assets under management (AUM) across its existing funds.

According to Pantera’s website, Pantera Fund V will encompass various asset types, including early-stage tokens, startup equity, and liquid tokens. Qualified investors will be required to allocate a minimum of $1 million. The fund’s first closing is expected to take place on April 1 next year. Limited partners will need to contribute a minimum of $25 million, as outlined in the document.

If successful, the $1 billion raise would be the largest fundraising effort in the crypto industry since May 2022, when Silicon Valley-based venture capital firm Andreessen Horowitz raised a record-breaking $4.5 billion. Pantera is one of the largest crypto investors, having invested in more than 180 startups to date.

Additionally, Paradigm, another VC firm, is also reportedly negotiating a raise of up to $850 million for a new crypto fund. These developments indicate renewed institutional interest in crypto after a market rebound in 2023.

Pantera Acquires Discounted SOL Tokens in FTX Bankruptcy Auction

Pantera has won another batch of discounted Solana tokens from the bankrupt FTX exchange’s auction. The company secured 2,000 SOL tokens, valued at around $288,000. While the exact discount is still unknown, it is believed to be higher than the last auction’s $60 per token. 

Earlier this year, Pantera also raised funding to buy heavily discounted SOL tokens from FTX. Galaxy Digital and Pantera previously bought two-thirds of a $2.6 billion Solana stash from FTX. SOL trades at around $143, down 0.55 % over the past 24 hours at the time of publication.