Jim Pallotta’s Family Office Anchors $200 Million Blockchain Bet

The family office of US 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.