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Pantera Capital, a leading crypto-focused investment management firm, has announced a new benefit for limited partners (LPs) who contribute $25 million and above to its fifth venture-style fund. According to the announcement, these high-commitment LPs will be granted exclusive co-investment rights.
Pantera’s Initiative Comes With Lots of Benefits
Also, they will be allowed to participate in at least 10% of all venture equity, private token, and special opportunity deals valued over $10 million. Pantera enables these LPs to directly access high-value deals in its portfolio by offering co-investment rights. Notably, this option has no additional management or carried interest fees. This makes it highly attractive for institutional investors seeking deeper involvement in the growing blockchain and crypto space.
Pantera has also indicated that, on a capacity-available basis, it may extend co-investment opportunities to other LPs at a lower commitment level. However, these opportunities will come with a 1% management fee and a 10% carried interest, making it a less lucrative option than the $25 million-plus LPs.
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The co-investment rights are valuable because they allow certain investors to increase their investment in promising ventures without incurring the usual fund management cost. This supports Pantera’s mission to encourage innovation and growth in the cryptocurrency and blockchain sectors.
Pantera Capital Plans to Raise Over $1B
Recall that, the digital asset investment manager announced its plans to raise over $1 billion for its new fund in April. Set to launch in April 2025, the Pantera Fund V will be the firm’s ‘all-in-one’ fund in contrast to its existing funds like the Liquid Token Fund, Early Stage Tone Fund, Bitcoin Fund, and Venture Funds, which have more specific investment focuses.
Qualified investors must commit a minimum of $1 million to the fund, with limited partners required to contribute a minimum of $25 million. Notably, the first close for the fund is scheduled for April 1, 2025. According to information on its website, the Pantera Fund V will include various asset types such as startup equity, early-stage tokens, and liquid tokens.
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Pantera’s Role in TON Governance
As reported by TheCoinRise in May, Pantera Capital made its largest investment in the Layer-1 blockchain protocol, Toncoin (TON). The undisclosed amount injected into the investment buttresses Pantera’s strong conviction in the potential of the Toncoin network. Meanwhile, Pantera Capital Managing Partner, Dan Moorhead, maintained that the exceptional technological capabilities of Toncoin is the driving factor behind the investment.
Pantera’s involvement with Toncoin extends beyond financial investment. The firm is a key validator for the Toncoin network, contributing to its governance structure and helping shape its future. This dual role as an investor and validator emphasizes Pantera’s deep commitment to the success of the Toncoin project.
