Jim Pallotta's family office plans to launch a $200 million fund focused on cutting-edge technologies like blockchain.

October 6th news, according to Bloomberg, the family office of American hedge fund veteran Jim Pallotta is expanding its bet on decentralized finance (DeFi).

According to sources, Pallotta's Raptor Group is acting as a major contributor, supporting a venture capital company of the same name in raising its second fund - which focuses on cutting-edge technologies such as blockchain. A source requesting anonymity said that Raptor Digital plans to raise $200 million from the family office and institutional investors, and the fund will officially launch in the coming weeks after returning capital to existing investors of the first fund.