In 2025, Pantera Capital plans to open its fifth venture-style fund and provide co-investment opportunities to limited partners (LPs) who pledge a minimum of $25 million.
The massive Californian cryptocurrency venture firm Pantera Capital plans to open its sixth venture-style fund in 2025, offering limited partners co-investment rights in significant blockchain transactions valued at $25 million.
The Menlo Park, California-based venture capital firm said in an email announcement that its new Pantera Fund V will provide investors with exposure to a wide range of blockchain assets, carrying on the firm’s ten-year strategy of distributing capital among venture equity, early-stage private tokens, and locked-up treasury tokens.
According to Pantera, limited partners (LPs) who contribute a minimum of $25 million will be granted co-investment rights, enabling them to partake in a minimum of 10% of any venture equity, private token, and special opportunity deal that exceeds $10 million.
There are no management fees or carried interest associated with this co-investment option. Pantera has also stated that it will try to provide other LPs with co-investment opportunities, subject to capacity availability, albeit at a 1/10% fee.
The massive venture capital firm also mentioned that limited partners (LPs) could invest only in venture transactions or diversify into more illiquid assets like treasuries and private tokens.
Pantera describes Fund V as an extension of its Pantera Blockchain Fund IV, which was introduced in 2021 and acted as a “wrapper” for all blockchain-related assets.
The company wants to raise $1 billion for the new fund, with the first close anticipated in April 2025. The company is renowned for its innovative role in cryptocurrency investing.
