As a seasoned crypto investor with over a decade of experience navigating the volatile and dynamic landscape of digital assets, I find Pantera Capital’s announcement of its fifth venture-style fund, Pantera Fund V, in 2025, quite intriguing. Having witnessed the meteoric rise and occasional falls of various cryptocurrencies, I am always keen on opportunities that offer broad exposure to this rapidly evolving sector.
In the year 2025, Pantera Capital plans to debut its fifth investment fund, which operates similar to a venture capital model. This fund provides co-investment opportunities for Limited Partners (LPs) who have pledged $25 million or higher.
In simple terms, the well-known cryptocurrency investment firm based in California, Pantera Capital, plans to introduce their fifth fund in 2025. This fund will give its $25 million investors, known as limited partners, the opportunity to join significant blockchain projects alongside the company.
In an email notification from their headquarters in Menlo Park, the venture capital company Pantera announced that their latest fund, Fund V, will allow investors to access a diverse range of blockchain assets. This move aligns with the firm’s strategy over the past decade, which involves distributing capital across various types of investments such as venture equity, initial private token offerings, and locked-up treasury tokens.
As a researcher, I’m sharing an interesting point from Pantera: they are extending co-investment rights to Limited Partners (LPs) investing $25 million or more. This means these LPs can join at least 10% of every venture equity, private token, and special opportunity deal valued over $10 million. Notably, this co-investment choice is fee-free, meaning there are no management fees or carried interest involved. Additionally, Pantera has expressed a commitment to extending similar co-investment opportunities, subject to capacity availability, to other LPs, although these would incur a 1/10% fee.
In simpler terms, the large venture capital firm mentioned that Limited Partners (LPs) have the option of either exclusively investing in venture opportunities or broadening their portfolio to include less liquid assets such as private tokens and treasury tokens.
Pantera is structuring Fund V as an extension of their Pantera Blockchain Fund IV, which was launched in 2021 and encompassed the entire blockchain asset class. This previous fund served as a sort of umbrella for these assets. The firm, recognized for its early involvement in cryptocurrency investments, plans to gather $1 billion for this new fund, with the initial closing slated for April 2025.
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2024-10-02 10:17