Pantera Capital to grant co-investment rights to $25m LPs in Fund V

Pantera Capital will 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 will launch its fifth venture-style fund in 2025, giving limited partners co-investment rights worth $25 million in major blockchain deals.

In an email announcement seen by Crypto.news, the Menlo Park-based venture capital firm said the new Pantera Fund V will offer investors access to a broad range of blockchain assets and continue the firm’s decade-long strategy of allocating capital across venture capital. , early stage special tokens and locked treasury tokens.

Pantera said LPs that commit $25 million or more will gain co-investment rights, allowing them to participate in at least 10% of each venture capital, private token and private opportunity deal valued at over $10 million. This co-investment option is available without management fees or carried interest. Pantera also stated that it will seek to offer co-investment opportunities to other LPs based on existing capacity, albeit at a 1/10% fee.

The venture capital giant added that LPs can choose between investing solely in venture deals or diversifying into more illiquid assets, including private tokens and treasury tokens.

Pantera is positioning Fund V as a follow-up to Pantera Blockchain Fund IV, which launched in 2021 and acts as a “wrapper” for the entire blockchain asset class. The company, known for its pioneering role in crypto investments, aims to raise $1 billion for the new fund, with the first closing expected to be held in April 2025.