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.