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Adviser Profile

As of Date 06/25/2024
Adviser Type - Large advisory firm
Number of Employees 20 -4.76%
of those in investment advisory functions 8 -11.11%
Registration SEC, Approved, 07/30/2021
Other registrations (3)
Former registrations

PARAFI CAPITAL LP

AUM* 944,974,583 49.48%
of that, discretionary 944,974,583 49.48%
Private Fund GAV* 944,974,584 49.48%
Avg Account Size 94,497,458 94.33%
SMA’s No
Private Funds 10 3
Contact Info 415 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 1B 936M 748M 561M 374M 187M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$604,077,259
Fund TypeVenture Capital Fund Count8 GAV$340,897,325

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Brochure Summary

Overview

ParaFi Capital LP (“ParaFi”) is a Delaware limited partnership formed in January 2018. ParaFi Capital Management LLC (“ParaFi Capital Management”), a Delaware limited liability company formed in November 2020, is the general partner of ParaFi. Benjamin Forman is the principal owner of ParaFi and the Managing Member of ParaFi Capital Management. ParaFi is an investment management firm that provides advisory services on a discretionary basis to privately offered pooled investment vehicles (each, a “Fund” and collectively, the “Funds”). The Funds are offered to certain qualified investors (each, an “Investor” and collectively, the “Investors”). The Funds include:
• ParaFi Digital Opportunities LP and ParaFi Digital Opportunities International LP (collectively, “PDO”);
• ParaFi Quantitative Strategies LP (“PQS”);1
• ParaFi Growth Fund LP d/b/a ParaFi Venture Fund LP (“PVF”)
• ParaFi Venture Fund II LP (“PVF II” and together with PVF, the “Main Venture Funds”); and
• ParaFi Private Opportunities LLC (“PPO”), which is structured as a series fund (each a “PPO Series”) with each PPO Series generally invested in a single portfolio company. Each Fund that has a closed-end fund structure (currently, each PPO Series, PVF, and PVF II is referred to as a “Venture Fund” and collectively, the “Venture Funds”). ParaFi Digital Holdings LLC (“PDH”) serves as general partner or managing member to each of the Funds, other than the Venture Funds. The general partner of PVF is ParaFi Growth GP LLC (“PGGP”) and the general partner of PVF II is ParaFi Venture GP II LLC (“PVGPII” and together with PDH and PGGP, the “General Partners”). Each of the General Partners is a related person of and under common control with ParaFi. While the General Partners retain management authority over the Funds’ business and affairs, ParaFi has been delegated
the role of investment adviser to the Funds. ParaFi’s investments focus on blockchain and decentralized finance markets. ParaFi applies an institutional framework to portfolio management, seeking idiosyncratic opportunities across the blockchain and digital asset ecosystem. Additional information regarding ParaFi’s investment strategies is provided in Item 8 below. 1 PQS was formerly named ParaFi Digital Credit Fund LP. The name was changed on March 15, 2024. ParaFi’s investment management and advisory services to the Funds are provided pursuant to the terms of each Fund’s private placement memorandum and/or other offering documents, investment advisory agreement, limited partnership agreement, limited liability company agreement, or other governing documents (collectively, the “Governing Documents”). Investors cannot obtain services tailored to their individual specific needs. ParaFi and/or the applicable General Partner has entered into certain side letter arrangements (each, a “Side Letter” and collectively, “Side Letters”) with certain Investors pursuant to which they have agreed to vary certain of the terms applicable to any such Investor or grant to any such Investor specific rights, benefits or privileges that are not made available to Investors generally. ParaFi and/or the applicable General Partner may also agree to provide a greater level of disclosure regarding the investments and activities of the applicable Fund to certain Investors than other Investors. Such agreements will be disclosed only to those actual or potential Investors that have separately negotiated with ParaFi and/or the applicable General Partner for the right to review such agreements. ParaFi does not participate in a wrap fee program. As of December 31, 2023, ParaFi managed $944,974,583 in regulatory assets under management. ParaFi manages its assets solely on a discretionary basis.