Pantera Capital is searching for to safe $1 billion for its new fund, ‘The Panter Fund V. ‘ It’s designed to supply buyers with publicity to a variety of blockchain-based belongings.

A brand new report by Bloomberg revealed that the brand new fund is predicted to launch in April 2025.

Pantera Fund V

The Pantera Fund V has been designed to be an all-encompassing product, differing from the digital asset funding supervisor’s earlier funds with extra particular funding focuses such because the Liquid Token Fund, Early Stage Token Fund, Bitcoin Fund, and Enterprise Funds. Certified buyers should allocate a minimal of $1 million, with the primary shut scheduled for April 1, 2025.

Restricted companions are anticipated to contribute a minimal of $25 million to take part within the fund.

Its website states,

“Fund V affords publicity to the complete spectrum of blockchain belongings. The venture-style Fund will put money into enterprise fairness, early-stage tokens, and liquid tokens.”

The fund, if profitable, would change into the biggest raised because the sector’s collapse amidst scandals and bankruptcies in 2022, in accordance with the report. The fund managers encountered important difficulties in elevating new capital final 12 months, however this seems to be altering because the sentiment of key gamers improves.

With the market restoration, Pantera’s new fund is predicted to match the scale of its final one, 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 additionally emerged as one of many profitable bidders for one more batch of discounted Solana tokens. They had been auctioned by the directors overseeing the chapter of the now-defunct FTX cryptocurrency change.

Roughly 2,000 SOL tokens had been offered this week, although this info hasn’t been publicly disclosed. Neither Pantera nor the FTX property spokespeople have commented on the sale but. Earlier this month, the FTX property disposed practically two-thirds of a $2.6 billion stash of Solana tokens at a reduced price, attracting curiosity from Pantera and Galaxy Digital, as reported by insiders.

The 41 million SOL tokens being offered are locked beneath a pre-agreed vesting interval spanning 4 years. Regardless of earlier auctions fetching roughly $60 per token, sources reveal that these current cash had been offered at the next value. Extra auctions are anticipated to comply with.