What sectors does Permian Capital Management focus on?

Permian Capital Management focuses on Crypto & Web3, Fintech.

Where is Permian Capital Management located?

Permian Capital Management is headquartered in San Francisco, US.

Permian Capital Management

Crossover fund

San Francisco · 3 people tracked

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Investment thesis

The firm pursues a long-hold thesis focused on non-Bitcoin crypto infrastructure: settlement layers, lending protocols, and tokenization rails that the on-chain financial system runs on. It argues that traditional finance is migrating on-chain and that the value of the underlying protocol infrastructure rises with adoption, citing growth in stablecoin market cap, DeFi total value locked, and institutional entrants. Rather than trading cycles or chasing narratives, it identifies protocols expected to become load-bearing financial infrastructure and holds them with conviction through volatility. It has held core positions such as Aave and Synthetix since around 2018, emphasizing that usage growth eventually translates into price appreciation.

Invests inCrypto & Web3 FintechGlobalSan FranciscoUnited States

Source: firm website, verified Aug 7, 2026.

San Francisco, CA, US

Instruments

Equity

Founded

2018

Tracked investments

Team · 3 people

from the firm's website

Josh· Co-Founder

Co-founded Permian Capital and leads operations, investor relations, and business development. He serves as a chapter executive at CAIA and leads the annual Permian Capital Summit in Park City for LPs and invited guests.

Josh Kernan· Chief Operating Officer

Co-founder of Permian Capital leading operations, investor relations, and business development. He is a chapter executive at CAIA and runs the annual Permian Capital Summit in Park City.

Matt Moravec· Co-Founder

Co-founded Permian Capital in 2018 and leads portfolio strategy and investment thesis development. An early investor in Aave and Synthetix during DeFi Summer 2020, he hosts the firm's monthly IC call and runs an AI-augmented research operation monitoring on-chain data.

What they invest in

from 2 of 7 portfolio companies

Crypto & Web3 ×2Fintech ×2Data & Infrastructure ×1

HQs:United States×1

Investments · 7 tracked

founders shown can be your intro path

Aave

Decentralized lending protocol; early and continued core holding.

Chainlink

Oracle network connecting on-chain protocols to real-world data, with SWIFT and DTCC partnerships.

Ethereum

Settlement layer for the on-chain financial system, running the majority of stablecoin transactions.

Morphomorpho.xyzin 𝕏

Morpho is an open-source lending protocol that provides enterprise-grade infrastructure for building yield and lending products across multiple risk profiles and assets.

Crypto & Web3Data & InfrastructureFintech

Paul Frambot(Founder & CEO)

Ondo Financeondo.finance𝕏Jan 2022

Ondo develops institutional-grade platforms and infrastructure to tokenize and bring traditional financial markets onchain, including stocks, US Treasuries, and stablecoins with 24/7 trading and redemption capabilities.

Crypto & Web3FintechNew York, US

Nathan Allman(Founder)in

BoardPaul Veradittakit(Director)

Solana

High-throughput smart contract platform with growing institutional adoption.

Synthetix

DeFi protocol; early and continued significant holding.

Portfolio news

latest coverage across their companies

Pantera Capital Retweets Ondo Finance Announcement — What This Could Unlock

Ondo Finance · coinfomania.com · Jul 17, 2026

Frequently asked questions

What sectors does Permian Capital Management focus on?: Permian Capital Management focuses on Crypto & Web3, Fintech.
Where is Permian Capital Management located?: Permian Capital Management is headquartered in San Francisco, US.

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