VC Archives - Pinfaves

Coinbase Co-Founder’s New VC Firm Paradigm Raises $2.5 Billion for Crypto Investments

November 17, 2021November 17, 2021 Loknath Das$2.5, Billion, Co-Founder's, Coinbase, Crypto, Firm, for, New, Paradigm, raises, VC

Coinbase co-founder Fred Ehrsam and ex-Sequoia Capital Partner Matt Huang have raised $2.5 billion (roughly Rs. 18,598 crore) for a venture capital fund aimed at the “next generation of crypto companies and protocols” called Paradigm One, making it the biggest crypto VC fund. Paradigm One was launched in 2018 with an initial $400 million (roughly Rs. 2,976 crore), and the eventual amount raised is double the initial investment goal for the VC fund. The size of Paradigm’s fund highlights the anticipation of a major boom in the crypto industry among…

CalPERS creates direct investment platforms for late-stage VC, long-term PE bets

May 19, 2018 Loknath Dasbets, CalPERS, Creates, Direct, for, investment, late-stage, long-term, PE, platforms, VC

California Public Employees’ Retirement System (CalPERS), the largest US pension fund that is also a limited partner (LP) for a few Indian PE firms, on Thursday announced that it will create a new entity, CalPERS Direct, to make direct private equity investments. CalPERS joins a slew of global LPs that have active direct investments’ programmes across geographies, including India. Several LPs in India including UK’s CDC and Canadian pension funds, besides a clutch of sovereign funds, have direct investments in Indian companies as well as have a fund-of-funds exposure to…