$1 Million Entry Fee for Pantera Capital ‘All-in-One’ Blockchain Fund

Key Takeaways

• Pantera Capital is targeting $1.25 billion for its second blockchain fund set to launch in April 2025.
• It commands $5.2 billion in assets under management across three of its funds.
• Institutional interest in crypto and blockchain appears to be rising steadily throughout 2024.

Pantera Capital is gearing up to raise over $1 billion for an all-encompassing blockchain fund that would be the largest of its kind since 2022.

Seemingly, only major players can get involved, with a minimum allocation of $1 million required from investors. Combined with many bullish moments in blockchain and crypto this year, Pantera’s intentions to launch a fourth blockchain fund may signal better even things to come.

Pantera Capital Fund V

Pantera’s latest fund will supposedly be an “all-in-one” blockchain fund for qualified investors, and the second of its kind from the digital asset management firm. More specifically it’ll offer early-stage tokens, liquid tokens, startup equity, and ‘other’ assets.

Should the Pantera Fund V  be a success it will be the largest raised since 2022. Which, if you fondly remember, was when the market collapsed under the weight of FTX, Terra LUNA, and other major crypto collapses, bankruptcies, and scandals.

Given the current market conditions, analysts appear optimistic that it could achieve its $1.25 billion target , if not more. This would put it on a similar footing as its previous fund which raised around $1.25 billion in 2022 .

Furthermore, the fund requires a minimum investment of $1 million from qualified investors. Limited partners will need to allocate a minimum of $25 million according to Bloomberg .

The previous record was set by Andreessen Horowitz (a16z) in May 2022, raising a record $4.5 billion for its fourth crypto fund.

Given the current market conditions, analysts appear optimistic that it could achieve its $1.25 billion target , if not more. This would put it on a similar footing as its previous fund which raised around $1.25 billion in 2022 .

Furthermore, the fund requires a minimum investment of $1 million from qualified investors. Limited partners will need to allocate a minimum of $25 million according to Bloomberg .

Past Performance

Notably, Pantera Capital’s Liquid Token Fund posted a 66% return  in the first quarter of 2024. Investments into tokens like Solana (SOL), Bitcoin (BTC), and Ethereum-based (ETH) tokens mainly drove the performance.

The fund, which is billed  as a “multi-strategy vehicle that typically invests in 10 to 20 liquid tokens at any point in time” was launched in 2017. It carries a minimum investment amount of $100,000 and is primarily targeted at decentralized finance (DeFi) tokens.

The fund also continues to purchase discounted tokens from the FTX wreckage, and is seemingly a fan of memecoins, declaring  they are “here to stay”.

Is Blockchain Back?

Bullish sentiment is in the air. Fresh capital raises are on the horizon, the fourth Bitcoin halving is behind us, and swathes of major developments are in the crypto space.

Pantera currently holds $5.2 billion in AUM across three funds, and remains one of the most active crypto investors in the space. According to Crunchbase data , Pantera has made over 230 investments into crypto and blockchain.

With institutional interest once again on the rise , market sentiment is appearing  to be more optimistic. This comes despite some brief moments of uncertainty in the pre and post-Bitcoin Halving market.