⚡️ @ParafiCapital raises $120M in funding to buy stakes in other crypto funds

ParaFi Capital, a New York-based digital asset manager, has secured a $120M investment from investors including Theta Capital Management and @AccoladePrtnrs. The funding will be partly used to acquire general-partner stakes in other crypto funds that are focused on specific market segments, strategies, or geographies. ParaFi plans to build a portfolio of 30 to 50 such stakes in the next three to five years.

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