PANews reported on August 29 that according to Bloomberg, New York-based digital asset management company ParaFi Capital raised $120 million from investors such as Theta Capital Management and Accolade Partners. Henry Kravis, co-founder of KKR & Co., is also one of the company's supporters. According to a new strategy of ParaFi, the funds will be used in part to acquire shares of other crypto funds that focus on specific market segments, strategies or regions. ParaFi founder Ben Forman said in an interview that the company plans to build an investment portfolio in the next three to five years to invest in shares of 30 to 50 such funds. In recent years, ParaFi has invested in nine different cryptocurrency management companies. As the number of crypto funds begins to grow again, the company is expanding this strategy to external investors. ParaFi is one of the largest crypto funds. The company has been operating hedge fund and venture capital strategies for about six years and has a team of 22 people. In addition to KKR and Kravis, ParaFi's investors also include Bain Capital Ventures.
