Theta Capital plans to raise $200 million for its new blockchain fund of funds

Theta Capital Management is raising $200 million for its latest blockchain fund. The introduction materials show that this new fund, named Theta Blockchain Ventures V, will allocate funds to 10 to 15 venture capital firms focusing on digital assets. The fund's target net internal rate of return (IRR) is 25%.

It is reported that Theta Capital Management currently manages around $1.2 billion. Theta's portfolio includes well-known cryptocurrency venture capital firms such as Pantera Capital, CoinFund, Polychain Capital, and Dragonfly.

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