Pantera Capital is searching for to safe $1 billion for its new fund, ‘The Panter Fund V. ‘ It’s designed to offer traders with publicity to a variety of blockchain-based property.
A brand new report by Bloomberg revealed that the brand new fund is anticipated 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 traders 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 total spectrum of blockchain property. The venture-style Fund will put money into enterprise fairness, early-stage tokens, and liquid tokens.”
The fund, if profitable, would turn into the biggest raised because the sector’s collapse amidst scandals and bankruptcies in 2022, in response to the report. The fund managers encountered vital difficulties in elevating new capital final yr, however this seems to be altering because the sentiment of key gamers improves.
With the market restoration, Pantera’s new fund is anticipated 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 data 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 charge, 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 latest cash had been offered at the next value. Extra auctions are anticipated to observe.
