PANews reported on March 24th, citing Bloomberg, that New York-based digital asset management firm ParaFi raised $125 million for its new fund in March, backed by KKR co-founder Henry Kravis. ParaFi stated that since the beginning of 2025, it has raised $325 million for its existing digital asset-related investment strategies. Currently, the company manages approximately $2 billion in assets. Founder Ben Forman stated that ParaFi is already an investor in projects such as prediction market giant Polymarket, asset management firm Bitwise, and crypto custody provider Anchorage, and is currently focusing on companies active in the stablecoin, tokenization, and institutional on-chain finance sectors.