Ethereum News

Crypto Investment Firm ParaFi Raises $30M for New Fund

ParaFi Capital, an investment firm focused on blockchain and decentralized finance, has raised nearly $30 million in a new fund, according to a regulatory filing.

The ParaFi Private Opportunities – Series I fund opened on Nov. 19 and raised the money from 75 investors. The fund doesn’t have a set financial goal, and ParaFi checked “indefinite” for how long it will continue to accept investments.ParaFi also filed for a new growth fund that has yet to begin accepting investments. The company cited as “indefinite” both the total offering amount and the total remaining to be sold.Founded in 2018 by KKR alum Ben Forman, ParaFi has around $1 billion in assets under management.ParaFi declined to comment about the new funds when contacted by CoinDesk.The latest moves come two months after KKR & Co. made its first blockchain-related investment with a stake in ParaFi’s flagship fund, which focuses on decentralized finance markets.

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