Pantera Capital Review: Top Oldest Investment Fund In The Crypto World
The growing development of the Blockchain market comes partly from projects, and we cannot fail to mention the very important financial support from investment funds. Pantera Capital is one of the biggest and most well-known cryptocurrency investment funds. So how is Pantera Capital an investment fund? Let’s learn details about this project with Coincu through this Pantera Capital Review article.
What is Pantera Capital?
Dan Morehead (previously CFO and Head of Macro Trading at Tiger Management) started Pantera Capital in 2003. Pantera Capital is a firm that specializes in initiatives using blockchain technology and cryptocurrency. This is one of the market’s pioneering firms in terms of investment.
Pantera Capital was started as a typical investment vehicle and functioned similarly to many other investment funds at the time. Following the 2008 global financial crisis, Pantera gradually saw the potential future expansion of digital assets. As a result, this firm has opted to reinvest in blockchain and cryptocurrency initiatives.
Pantera’s venture capital funds generally invest in early-stage enterprise private equity. Concentrate on developing blockchain-related goods and services.
Pantera Capital presently manages $4.2 billion in assets under management, according to statistics on the fund’s website in November 2021. Pantera’s project investments amount to almost 40% of all projects financed internationally. Pantera also created the Pantera Blockchain Fund in June 2021, with an investment ceiling of $1 to $15 million per project. This fund mostly invests in DeFi and tokens.
Pantera made one of its initial investments in Bitstamp, which was also the biggest single investment in a Bitcoin-related startup at the time.
With a portfolio that includes payments service Circle, crypto exchange Coinbase, and Ripple, the inventor of XRP, the fund has sponsored more than 80 blockchain startups and 65 early-stage trading tokens. Now, the Pantera Capital Review article will explore the project’s team.
Team
Pantera Capital has a strong team of investors and operators with vast expertise in cryptocurrency and blockchain investing.
- Dan Morehead – Founder, Managing Partner: Dan launched Pantera Capital Management in 2003 and now manages over $1 billion in institutional clients’ assets via his global macro approach. He is also Tiger Management’s former CFO and Head of Macro Trading. Dan began his career at Goldman Sachs as a stock trader. Princeton University awarded him a degree in Civil Engineering.
- Jasper Lewitton – Managing Partner: As Pantera’s Managing Partner, Jasper leads and controls the firm’s strategic vision, direction, and operational management. He has more than two decades of leadership experience in Global Investment Management businesses. He was the Business Unit Head and Senior Leader at Bridgewater Associates for than a decade, where he supervised management and change throughout the firm’s Investment, Client, and Operational divisions.
- Paul Veradittaki – Partner: Paul joined Pantera Capital in 2014 as a Partner, helping to build the Pantera Venture Fund and making over 100 investments.
- CFA Matt Gorham – Chief Operating Officer: Matt began his career with Pantera as a global macro trader and risk analyst in 2005. He was a portfolio analyst at Aperio Group, a statistically focused investment company, before rejoining Pantera. He also worked as an equities trader at LPL Financial Services. Matt received his bachelor’s degree in economics from the University of California, Berkeley. He is a member of the CFA Society of San Francisco and a Certified Financial Analyst.
- Katrina Paglia – General Counsel, Chief Compliance Officer: Katrina leads Pantera’s legal, regulatory, and compliance responsibilities as General Counsel and Chief Compliance Officer. Katrina provides diverse expertise in asset management and cryptocurrency professions. She was most recently a Director & Associate General Counsel at Coinbase, where she was in charge of the team that supported the digital asset and exchange Product teams. She was formerly the General Counsel and Chief Operating Officer of Capstone Investment Advisers, as well as the General Counsel, Corporate and Governance, and Corporate Secretary of Och-Ziff Capital Management.
- Dennis Chou – Director of Trading: Dennis Chou joined Pantera Capital as Director of Trading in 2018. He was formerly a Partner at Cambrian Capital, a worldwide energy and natural resources investment business, where he oversaw trading and operations. Dennis formerly worked as the Controller at Menta Capital, a statistically focused investing business. He was also a unit manager at State Street, one of the world’s biggest asset managers. Dennis earned a B.A. in Economics from the University of California, Davis, and an M.B.A. from the University of California, Berkeley.
- Daniel Schwartz – Director of Capital Formationz: Dan joined Pantera Capital in 2022 as Director of Capital Formation, where he collaborates with a variety of worldwide organizations. Dan previously worked at The Blackstone Group, where he built partnerships with institutional allocators, and at AQR Capital, where he spent the first 13 years of his career dealing with family offices. Dan has a B.A. in History from Northwestern University and is a CFA charterholder.
In addition, the team also has many knowledgeable people in the field of investment with many years of experience in large companies.
Portfolio of Pantera Capital
The portfolio of Pantera Capital is organized into two categories: venture capital projects and early-stage token investments. In which the firm intends to invest in blockchain infrastructure for the ecosystem, cryptocurrency payments and transactions, blockchain integration solutions for enterprises, DeFi, marketplace, and financial services connected to digital assets. Outstanding projects in which Pantera Capital has invested including:
Here are some outstanding projects that Pantera Capital has invested in:
Consumer
- Arcade: An revolutionary peer-to-peer lending marketplace that enables NFT holders to release liquidity on one or more Ethereum blockchain-based NFTs.
DeFi
- Near Protocol (NEAR): A blockchain network that is sharded and uses a proof-of-stake consensus system. To put it simply, NEAR is a cloud platform that is managed by the community. They assist developers in developing decentralized apps at a reasonable cost.
- 1inch (1INCH): A group of decentralized exchanges (DEX). You may exchange tokens and put buy and sell orders for different tokens here. Your orders are not just awaiting matching with the platform’s order book. It is instead awaiting execution on other DEXs (depending on your settings).
- Balancer Finance: An automated market maker, decentralized exchange, and liquidity pool protocol based on the Ethereum Blockchain that enables users to supply liquidity for many assets at the same time.
Layer – 2
- Arbitrum is a Layer-2 scaling solution that addresses Ethereum’s congestion issues.
Exchanges
- Coinbase: Coinbase is a cryptocurrency exchange based in San Francisco, California. They provide the exchange of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Tezos, and a variety of other cryptocurrencies, including…
Payment
- Ripple (XRP): A decentralized peer-to-peer payment system that is popular in the technology and banking industries.
The infrastructure
- Polkadot (DOT): A platform for connecting different Blockchains to establish a multi-chain, heterogeneous, and scalable network. Polkadot enables various Blockchains to exchange data, resulting in a decentralized network. Polkadot, in other words, is the Blockchain of many separate Blockchains, where users may build their own platform.
Finance
Audius (AUDIO): An internet music-sharing protocol that links listeners directly with composers, allowing anybody to post, manage, and exchange audio output.
Overview of Pantera Funds
Pantera Funds provides investors with access to illiquid venture capital assets ranging from early-stage innovative blockchain and token companies to huge crypto enterprises like bitcoin and other cryptocurrencies. other high liquidity.
Pantera Funds are classified into four categories of investment funds depending on their risk levels: Pantera Fund V, Pantera Liquid Token Fund, Pantera Early-Stage Token Fund, Pantera Bitcoin Fund and Pantera Venture.
Pantera Fund V
Fund V provides exposure to the whole range of blockchain assets. The fund will invest in venture equity, early-stage tokens, and liquid tokens.
Investors must contribute a minimum of $1,000,000 to participate in this fund.
Pantera Liquid Token Fund
Launched in November 2017, Liquid Token Fund is one of Pantera Capital’s high-growth funds. This fund has invested in 15 to 20 tokens with good liquidity. The fund mainly focuses on decentralized finance and digital assets. The minimum investment to be able to participate in Pantera’s Liquid Token Fund is $100,000.
Pantera Early-Stage Token Fund
Pantera Early-Stage Token Fund is a discretionary vehicle that provides exposure to early-stage tokens with liquidity horizons of 1-3 years to both US and non-US investors. The Fund invests in companies developing innovative blockchain protocols in an early-stage, venture-style manner. Pantera’s Early-Stage Token Fund requires a minimum investment of $100,000 to join.
Pantera Bitcoin Fund
Bitcoin Fund was launched in July 2013. Pantera Bitcoin Fund is a passive tracker of Bitcoin. The fund provides investors with fast and secure access to bitcoin. The Pantera Bitcoin Fund also offers investors daily liquidity with low fees. Bitcoin Pantera is structured as a Cayman hedge fund and is open to both US investors and investors of other nationalities. This is the oldest fund of Pantera Capital.
Pantera Venture
Pantera venture funds provide active management and multi-stage exposure to startups developing goods and services in the emerging blockchain ecosystem. Pantera created the first blockchain-only venture fund in 2013 and has since raised two more. Venture funds generally invest in early-stage firms focused on developing blockchain capabilities across several sectors and commercial operations. Pantera has created an “all-in-one” venture-style fund that provides exposure to the whole range of blockchain assets.
Pantera Venture Fund II was established in 2014, with a focus on worldwide exchanges, cryptocurrency exchanges, and tools to assist blockchain technology developers. Pantera Venture Fund III was established in 2018 by Pantera. The fund invests in startups that help digital assets become more institutionalized.
The Blockchain IV Fund will open in 2021, giving investors access to the whole range of blockchain assets, including venture equity, early-stage tokens, and liquidity tokens.
Conclusion of Pantera Capital Review
Pantera Capital is a well-known brand in the blockchain and cryptocurrency investing world. They have a competitive advantage in this sector since they have a team of operators with strong technical and investment knowledge. Pantera always contributes experience, committed assistance, and high value to the projects in which they engage. Pantera also has a strong base and a large network of over 100 blockchain projects as well as top engineers and enterprises. Pantera Capital thinks that its new crypto fund would attract additional institutional investors.
Pantera is backed by a huge number of well-known organizations, including Benchmark, Fortress Investment Group, and Ribbit Capital. Pantera’s impact and expansion promise to assist blockchain and cryptocurrencies develop in the future.
The infusion of money into the crypto sector seems to be expanding, which also helps to the industry’s comeback. Maybe this is also a good signal stressing crypto’s place and relevance in global finance. Hopefully the Pantera Capital Review article has helped you understand more about the project.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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