Odaily Planet Daily News ParaFi Capital, a crypto investment institution with an asset management scale of US$633 million, announced that its second fund has raised nearly US$39 million. It is reported that the fund’s fundraising target is US$100 million.
According to the Form D information disclosed by the SEC, the fund's name is "ParaFi Venture Fund II LP". It was registered in September 2022 and opened for fundraising in May this year. It has currently raised US$38,915,000 from 52 investors.
ParaFi was founded by KKR alumnus Ben Forman in 2018, and the traditional financial giant made its first blockchain investment in the ParaFi Fund in 2021. (Unchained Crypto)