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

Foresight News reported, citing Bloomberg, that Theta Capital Management is raising $200 million for its latest blockchain fund of funds. According to the introduction materials, the new fund, named Theta Blockchain Ventures V, will allocate capital to 10 to 15 venture capital firms focused on digital assets. The fund targets a net internal rate of return (IRR) of 25%. A spokesperson for Theta confirmed the details of this fundraising plan.

Theta Capital Management currently manages approximately $1.2 billion. Theta's investment portfolio includes well-known crypto venture capital firms such as Pantera Capital, CoinFund, Polychain Capital, and Dragonfly.