Pantera Capital is set to launch its fifth venture-style fund in 2025, offering co-investment options to LPs with commitments of $25 million or more.
Californian crypto venture giant Pantera Capital is set to launch its fifth venture-style fund in 2025, granting $25 million limited partners co-investment rights in key blockchain deals.
In an email announcement seen by crypto.news, the Menlo Park-headquartered venture capital firm said that its new Pantera Fund V will offer investors exposure to a broad spectrum of blockchain assets, continuing the firm’s decade-long strategy of allocating capital across venture equity, early-stage private tokens, and locked-up treasury tokens.
Pantera says LPs committing $25 million or more will gain co-investment rights, allowing them to participate in at least 10% of each venture equity, private token, and special opportunity deal valued over $10 million. This co-investment option comes without management fees or carried interest. Pantera has also indicated it will endeavor to offer co-investment opportunities, on a capacity-available basis, to other LPs, albeit with a 1/10% fee.
The venture capital giant added that LPs could choose between investing solely in venture deals or diversifying into more illiquid assets, including private tokens and treasury tokens.
Pantera positions Fund V as a continuation of its Pantera Blockchain Fund IV, launched in 2021, which served as a “wrapper” for the entire blockchain asset class. The firm, known for its pioneering role in crypto investments, aims to raise $1 billion for the new fund, with the first closing expected in April 2025.
Source: https://crypto.news/pantera-capital-to-grant-co-investment-rights-to-25m-lps-in-fund-v/