# Pantera Capital

> Pantera Capital is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 284342
- Filed as: PANTERA CAPITAL
- Legal name: Pantera Capital Partners LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/284342
- AdvisorCensus page: https://advisorcensus.com/firm/pantera-capital-san-francisco-ca-284342

## Quick answers

**How is Pantera Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Pantera Capital reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Pantera Capital located?**
Pantera Capital's principal office is in San Francisco, CA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Pantera Capital registered with the SEC or a state?**
Pantera Capital is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 284342.

**How much does Pantera Capital manage?**
Pantera Capital reports $3,961,135,217 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Pantera Capital's assets and staff changed since 2021?**
In the Form ADV data for Pantera Capital: Regulatory assets under management: $1,229,791,940 in the October 2021 data and $3,961,135,217 in the October 2026 data, up 222%. Total employees: 24 in October 2021 and 72 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pantera Capital serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (35).

**Does Pantera Capital report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/284342

**What changed in Pantera Capital's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 11 to 15. Regulatory assets under management went from $5,568,433,077 to $3,961,135,217 (-29%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $3,961,135,217
- Discretionary: $3,961,135,217
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 35 | $3,961,135,217 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 72 total, 15 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY
- San Juan, PR

### Websites listed on Form ADV (Item 1.I)
- panteracapital.com
- LinkedIn @pantera-capital
- X @PanteraCapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,229,791,940 | 24 | April 5, 2021 |
| October 2022 | $5,828,504,897 | 62 | March 31, 2022 |
| October 2023 | $3,973,880,060 | 60 | May 2, 2023 |
| October 2024 | $4,161,252,356 | 51 | September 30, 2024 |
| October 2025 | $5,568,433,077 | 70 | March 31, 2025 |
| October 2026 | $3,961,135,217 | 72 | March 31, 2026 |

Regulatory assets under management: $1,229,791,940 in the October 2021 data and $3,961,135,217 in the October 2026 data, up 222%.
Total employees: 24 in October 2021 and 72 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 11 to 15.
- Regulatory assets under management went from $5,568,433,077 to $3,961,135,217 (-29%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pantera Capital (CRD 284342): Form ADV filing data as of October 2026.