US hedge fund veteran Jim Pallotta's family office plans to launch a new $200 million fund focused on cutting-edge technologies such as Blockchain.

On October 6, Bloomberg reported that the family office of hedge fund veteran Jim Pallotta is expanding its bets on Decentralized Finance (DeFi). According to informed sources, Pallotta's Raptor Group is acting as a major investor, supporting a venture capital firm of the same name in raising its second fund, which focuses on cutting-edge technology fields such as Blockchain. Informed sources who requested anonymity stated that Raptor Digital plans to raise $200 million from family offices and institutions, and the fund will officially launch in the coming weeks after returning principal to existing investors of the first fund. The 67-year-old Pallotta was an executive at Paul Tudor Jones' hedge fund, and he not only invested in the $60 million first fund raised by Raptor Digital in 2023 but also secured funding from a department of Abu Dhabi's Mubadala. Raptor Digital, based in Boston (formerly RW3 Ventures, which also focused on artificial intelligence investments), declined to comment.