Lantern Ventures to Wind Down Operations After Seven Years
- Lantern Ventures, founded by former members of Alameda Research, is closing its external funds and returning capital to investors.
- At its peak, the firm managed over $600 million in assets.
- Tara Mac Aulay, a co-founder and crypto trader, previously led the Center for Effective Altruism.
- The firm’s affiliate, Pharos USD Fund SP, was Celsius’ largest creditor with a claim of approximately $80 million during its bankruptcy proceedings.
- The recent crypto market crash on October 10 has made fundraising more challenging for institutional investors.
Lantern Ventures is winding down operations after seven years amid a tough fundraising environment following the recent market downturn. The firm’s closure reflects broader challenges faced by crypto investment firms in the current climate.
As Lantern Ventures returns capital to investors, it marks the end of an era for a firm that once managed over $600 million in assets under management. (Source)
