Pantera Capital, a veteran cryptocurrency fund that presently manages $ four.five billion in assets, is raising $ one.25 billion for a 2nd blockchain fund.
Pantera Capital is raising $ one.25 billion for a 2nd blockchain fund, founder Dan Morehead advised reporters. Bloomberg.
Pantera Capital is trying to find $ one.25 billion for its 2nd blockchain fund, says founder Dan Morehead https://t.co/H5AXy55hqa
– Bloomberg Crypto (@crypto) September 28, 2022
Pantera Capital is one particular of the oldest names in the crypto area, launched in 2013. The 1st crypto fund they announced at a time when Bitcoin was all around $ 65 and up right up until now. Pantera Capital manages $ 4.5 billion in assets.
Pantera is operating three distinct fund techniques. Blockchain money are a danger fund invest in stocks, early stage tokens and funds tokens. The 1st blockchain fund was born in 2021 with the aim of raising 600 million bucks. Earlier this yr, Pantera notification This figure has been committed for above $ one billion.
The corporation programs to near its 2nd blockchain fund in May and is on the lookout to get extra shares of some of the corporations it has invested in Pantera.
Some of the corporations listed in Pantera’s portfolio contain Anchorage Digital, Amber Group, Coinbase, Flashbots, and FTX.
The founder of the Morehead Fund is typically identified for his sound views on macroeconomics, which he presents in his articles or blog posts monthly letter to investorsenthusiastically declared:
“We want to give liquidity to individuals who have picked to surrender for the reason that we are nonetheless extremely optimistic for the upcoming ten-twenty many years. My hope is that cryptocurrencies will decouple from macro markets quickly. “
Back in the days when several sharks invested in Terraform Labs had been nonetheless struggling due to the collapse of the Earth ecosystem, Pantera was brief to “step down” extremely quickly, also creating a sizeable revenue. Soon soon after, the fund obtained a slew of criticism for urging traders to deposit cash earlier.
Therefore, if profitable, Pantera Capital will turn into the final representative to participate in the checklist of capital raising operations or the creation of investment money with the best worth ever. In September alone, there had been some common fundraising rounds like Azuki ($ thirty million), Messari ($ 35 million), Sardine ($ 51.five million), Doodles ($ 54 million), Sender ($ four.five million), Mysten Labs ($ 300 million), Deribit ($ 400 million), Strike ($ 80 million) and MPCH Labs ($ forty million).
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