BlockBeats News, October 6th, according to Bloomberg, U.S. hedge fund veteran Jim Pallotta’s family office is increasing its bet on Decentralized Finance (DeFi).
According to sources familiar with the matter, Pallotta’s Raptor Group is acting as a major contributor to support a namesake venture capital firm in raising its second fund—focused on cutting-edge technologies such as blockchain. The source, who requested anonymity, stated that Raptor Digital plans to raise $200 million from family offices and institutions, with the fund set to launch officially in the coming weeks after returning the capital to existing investors from the first fund.
Pallotta, 67, who was formerly an executive at Paul Tudor Jones’ hedge fund, not only invested in Raptor Digital’s $60 million first fund raised in 2023, but the fund also received funding support from a department under Abu Dhabi’s Mubadala. Raptor Digital, based in Boston (formerly known as RW3 Ventures, focusing on artificial intelligence investments), declined to comment.
