Pantera Capital goals to safe $1 billion for its new fund, The Panter Fund V. The fund is designed to supply buyers with publicity to a variety of blockchain-based property.
A brand new report from Bloomberg reveals that the brand new fund is scheduled to be launched in April 2025.
Pantera Fund V
In contrast to the digital asset funding supervisor’s earlier funds that targeted on extra particular investments, akin to liquid token funds, early stage token funds, Bitcoin funds, and enterprise funds, Pantera Fund V affords complete merchandise and It’s designed to be. Accredited buyers should allocate a minimal of $1 million, with first shut anticipated on April 1, 2025.
Restricted companions are anticipated to contribute a minimal of $25 million to take part within the fund.
the Website state of affairs,
“Fund V supplies publicity to any blockchain asset. The venture-style fund invests in enterprise fairness, early-stage tokens, and liquid tokens.”
If profitable, the fund mentioned it will be the most important fundraising for the reason that sector collapsed amid scandals and bankruptcies in 2022. report. Fund managers confronted main challenges final 12 months in elevating new capital, however that seems to be altering as sentiment amongst key gamers improves.
Because the market recovers, Pantera’s new fund is anticipated to match the scale of its final fund, which raised about $1.25 billion two years in the past.
Pantera Capital scores discounted Solana tokens
Along with the brand new fund, Pantera Capital Appeared As one of many profitable bidders of one other batch of discounted Solana tokens. These had been auctioned off by directors overseeing the chapter of the now-defunct FTX cryptocurrency trade.
Roughly 2,000 SOL tokens had been offered this week, however this info is just not publicly accessible. Neither Pantera nor FTX Estates spokespeople have but commented on the sale. Earlier this month, FTX Actual Property disposed of almost two-thirds of his $2.6 billion stash of Solana tokens at a reduction, drawing curiosity from Pantera and Galaxy Digital, in keeping with insider experiences. Ta.
The 41 million SOL tokens on sale will likely be locked below a pre-agreed vesting interval of 4 years. Regardless of promoting for round $60 per token in earlier auctions, sources reveal that these latest cash had been offered at greater costs. Extra auctions are anticipated to comply with.
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