Pantera Offers Co-Investment Rights to LPs

Pantera Capital is preparing to introduce its fifth venture-style fund in 2025, providing co-investment opportunities to limited partners (LPs) with an investment commitment of $25 million or more.

Pantera Capital, a California-based crypto venture capital firm, is preparing to introduce its fifth venture-style fund in 2025. This fund will provide limited associates with co-investment rights in significant blockchain transactions valued at $25 million.

The Menlo Park-based venture capital firm Pantera Fund V announced it will provide investors access to a wide range of blockchain assets. This announcement is consistent with the firm’s decade-long approach of allocating capital across venture equity, early-stage private tokens, and locked-up Treasury tokens.

According to Pantera, limited partners (LPs) who contribute $25 million or more will be granted co-investment rights, enabling them to participate in a minimum of 10% of each venture equity, private token, and unique opportunity transaction valued at over $10 million.

With this co-investment option, there are no management fees or carried interest.

Pantera has also stated that it will try to provide co-investment opportunities to other LPs on a capacity-available basis, albeit with a 1/10% fee.

The venture capital behemoth also stated that limited partners (LPs) could invest exclusively in venture deals or diversify into more illiquid assets, such as private tokens and treasury tokens.

Pantera regards Fund V as a continuation of its Pantera Blockchain Fund IV, established in 2021 and functioned as a “wrapper” for the complete blockchain asset class.

The company, recognized for its innovative approach to cryptocurrency investments, intends to raise $1 billion for the new fund. The initial closing is anticipated to occur in April 2025.