According to PANews, an informed source has revealed that venture capital firm Pantera Capital is aiming to raise $1 billion for a new cryptocurrency fund. The fund, named Pantera Fund V, will focus on assets such as start-up equity, early tokens, and liquidity tokens.
Previously, Pantera sought to raise $1.25 billion for its second blockchain fund in September 2022. The source added that the $1.25 billion fund and the current $1 billion Pantera Fund V are separate.
As per earlier reports, Pantera's liquidity token fund yielded a 66% return in the first quarter of 2024. It is known that Pantera manages $5.2 billion in assets through three fund strategies. Pantera is one of the most active crypto investors, having invested in over 180 start-ups to date.