Jim Pallotta's family office plans to launch a $200 million fund focused on cutting-edge technologies like blockchain.
October 6th news, according to Bloomberg, the family office of American hedge fund veteran Jim Pallotta is expanding its bet on decentralized finance (DeFi).
According to sources, Pallotta's Raptor Group is acting as a major contributor, supporting a venture capital company of the same name in raising its second fund - which focuses on cutting-edge technologies such as blockchain. A source requesting anonymity said that Raptor Digital plans to raise $200 million from the family office and institutional investors, and the fund will officially launch in the coming weeks after returning capital to existing investors of the first fund.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Midterm Year Q4 Averages 5.5% Gains: Stovall Explains Where the Gains Usually Come From
Gold, silver tumble; festive buyers wait
Bitcoin Braces for a Volatile Week as Key U.S. Economic Data Looms
CCIP 2.0 Goes Live With $84B in Cross-Chain Value Secured
Crypto prices
More
