Pallotta Family Office Expands DeFi Investment Bets

(Bloomberg) -- The family office of U.S. hedge fund veteran Jim Pallotta is expanding its bets on decentralized finance as private investment firms for the ultra-wealthy boost investments in digital assets.Pallotta’s Raptor Group is a major backer of a second fund being raised by a namesake venture firm that’s focused on new technologies including blockchain, according to a person with knowledge of the matter.Raptor Digital is looking to gather $200 million from family offices and institutional firms for th ...