{"id":23887,"date":"2022-04-12T14:44:19","date_gmt":"2022-04-12T18:44:19","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=23887"},"modified":"2022-04-12T14:44:28","modified_gmt":"2022-04-12T18:44:28","slug":"pantera-capital-set-to-close-blockchain-fund","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/pantera-capital-set-to-close-blockchain-fund\/","title":{"rendered":"Pantera Capital Set to Close Blockchain Fund Worth $1.3B"},"content":{"rendered":"\n
Pantera Capital has announced plans\u00a0to close its first Blockchain Fund<\/a> in the next three to four weeks with around $1.3 billion in committed capital. That is more than double the $600 million target the firm set when it started fundraising last November.<\/h5>\n\n\n\n
\"Pantera
Pantera Capital Set to Close Blockchain Fund Worth $1.3B<\/figcaption><\/figure><\/div>\n\n\n\n

The company announced last month that pledges had reached $1 billion. The fund was launched in November, which was a record-breaking month for crypto investment vehicles, including a $2.5 billion fund from Paradigm.<\/p>\n\n\n\n

Pantera also laid out its short-term strategy, which includes the launch of a second Blockchain Fund\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in 2023. The follow-up fund, according to Director of Portfolio Development Franklin Bi, will have essentially the same goals as the original fund: new early-stage deals, private tokens, and venture capital.<\/p>\n\n\n\n

Following that, \u201cWe will come back with a larger and more diversified and probably longer-investment-period growth-stage fund, say in 2024,\u201d<\/em> Bi added.<\/p>\n\n\n\n

According to a client letter, the investor call was for the company Select Fund, which was established last week with a $200 million commitment to invest in “more mature, revenue-generating companies.”<\/p>\n\n\n\n

Pantera's Select Fund joined the Bitcoin Fund, Early-Stage Token Fund, Liquid Token Fund, and Blockchain Fund as the company's fifth fund. Pantera describes Select as “smaller, more targeted, and more concentrated than a typical growth fund.” The deadline to join the Select Fund as a limited partner is May 1.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pantera Capital has announced plans\u00a0to close its first Blockchain Fund in the next three to four weeks with around $1.3 billion in committed capital. That is more than double the $600 million target the firm set when it started fundraising last November. The company announced last month that pledges had reached $1 billion. The fund […]<\/p>\n","protected":false},"author":36,"featured_media":23889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130,21],"tags":[202,8717,4188],"class_list":["post-23887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-news","tag-blockchain","tag-fund-2","tag-pantera"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/1-239-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=23887"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/23889"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=23887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=23887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=23887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}