Pantera Capital Raises $600M for New Crypto Fund: Report

Pantera Capital Raises 0M for New Crypto Fund: Report
Crypto investment firm Pantera Capital has raised $600 million for its fourth fund with approximately 75% of the capital coming from institutional investors, such as endowments, according to The Information.The institutional backing is a change from the firm’s $175 million fund in 2018, which was largely funded by wealthy crypto investors, the report said.Pantera declined to comment when contacted by CoinDesk. Pantera expects the fund to reach $1 billion when it closes in March, the story said, citing an unnamed source. The fund will invest in venture equity, crypto tokens that have launched and tokens in development. Pantera was founded…