Theta Capital plans to raise $200 million for its new Blockchain mother fund.

According to ChainCatcher news and Bloomberg reports, Theta Capital Management is raising $200 million for its latest Blockchain mother fund, aiming to seize investment opportunities in the early stages of Blockchain while venture capital investment in the sector remains sluggish. Introduction materials show that this new fund, named Theta Blockchain Ventures V, will allocate funds to 10 to 15 venture capital firms focused on digital assets. The fund's target net internal rate of return (IRR) is 25%. A spokesperson for Theta confirmed the details of the financing plan. It is reported that Theta Capital Management currently manages approximately $1.2 billion. Theta's portfolio includes well-known Crypto Assets venture capital firms such as Pantera Capital, CoinFund, Polychain Capital, and Dragonfly.