Pantera Capital to Offer LP Co-Investment Rights with $25M in Fund V
Date: 2024-10-02 Author: Henry Casey Categories: BUSINESS
California-based venture capital firm Pantera Capital plans to launch its fifth venture fund in 2025, offering co-investment rights to limited partners (LPs) who contribute $25 million or more. According to information obtained by crypto.news, the Menlo Park-based firm said the new Pantera Fund V will offer investors access to a wide range of blockchain assets, continuing the company’s decade-long strategy of allocating capital between venture capital, early-stage tokens, and locked treasury tokens.
LPs that contribute $25 million or more will be eligible to participate in key blockchain asset deals, including venture capital, private tokens, and unique opportunities valued at over $10 million. Importantly, this opportunity comes without additional management fees or percentages of profits. Pantera also noted that, where available, it will seek to offer co-investment rights to other LPs, but with a fee of 1/10%.
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The company clarified that investors will be able to choose between investing exclusively in venture projects or diversifying their assets by investing in less liquid tokens, including private and treasury tokens.
Pantera Fund V is a follow-up to Pantera Blockchain Fund IV, which was launched in 2021 and covered the entire blockchain asset class. Pantera, one of the first companies to start investing in cryptocurrencies, aims to raise $1 billion for a new fund, with the first closed deal expected in April 2025.
