Key Takeaways
- • Raptor Digital, the venture arm of Jim Pallotta's family office Raptor Group, is seeking to raise $200 million for a new blockchain-focused fund, according to Bloomberg News.
- • The fund is targeting capital from family offices and institutional investors and is due to launch in the coming weeks.
- • Pallotta, a former hedge fund manager and former owner of the Boston Celtics, is anchoring the vehicle through his family office's backing.
- • The fund is focused on blockchain and other cutting-edge technologies, reflecting continued family office interest in digital assets.
Summary
Jim Pallotta's family office, Raptor Group, is backing a new $200 million fund under Raptor Digital, the group's venture arm focused on blockchain and other emerging technologies, according to a Bloomberg News report dated October 6, 2025. Sources familiar with the matter, who requested anonymity, told Bloomberg that Raptor Digital plans to raise the full $200 million from family offices and institutional investors, with the fund expected to launch in the coming weeks.
Pallotta is a U.S. hedge fund veteran and former owner of the Boston Celtics. The family office's commitment is described as the anchor for the vehicle, though the report does not specify the size of the family office's own contribution.
The move comes as other family offices have also increased exposure to digital assets. Coverage in the publisher's context cites Steven Cohen's family office spending the summer building blockchain positions, and Hong Kong's VMS Group, a multi-family office managing nearly US$4 billion, taking its first step into decentralised finance. These examples are context for a wider trend and are not part of the Raptor Digital fundraise itself.
For allocators, the key open questions are the final fund size, fee terms, and the investor mix once the fund closes, none of which were disclosed in the available reporting.
Pallotta is a U.S. hedge fund veteran and former owner of the Boston Celtics. The family office's commitment is described as the anchor for the vehicle, though the report does not specify the size of the family office's own contribution.
The move comes as other family offices have also increased exposure to digital assets. Coverage in the publisher's context cites Steven Cohen's family office spending the summer building blockchain positions, and Hong Kong's VMS Group, a multi-family office managing nearly US$4 billion, taking its first step into decentralised finance. These examples are context for a wider trend and are not part of the Raptor Digital fundraise itself.
For allocators, the key open questions are the final fund size, fee terms, and the investor mix once the fund closes, none of which were disclosed in the available reporting.
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