LAYERED FINANCIAL, LLC

Alexander Pack serves as managing partner and controls all investment decisions. Pack previously co-managed Dragonfly Capital and was an investor at Bain Capital Ventures, bringing a crypto-native venture background to the family office. The firm operates with a lean structure where Pack unilaterally evaluates and executes portfolio allocations.

Pack sources opportunities through his network developed during tenures at Dragonfly Capital and Bain Capital Ventures. The firm's pipeline remains closely tied to founders and protocols Pack accessed during his fund-management career. Ongoing litigation with Dragonfly Capital, filed in February 2024, concerns allegations that Pack misappropriated proprietary deal information during his departure, which could reshape his sourcing channels.

Layered Financial targets direct equity and token-warrant investments rather than allocating to external venture funds. The firm's structure as a single-family office enables direct custody of portfolio assets and control over liquidation timing in liquid token markets.

The firm writes checks from pre-seed to growth-stage equity, with an emphasis on early-stage blockchain infrastructure and developer-tooling protocols. Confirmed portfolio holdings include positions in Aptos Labs and Monad Labs, both of which represent infrastructure bets on next-generation layer-1 and layer-2 blockchain architectures.

Layered Financial has not publicly disclosed a formal co-investment program. Given Pack's departure from Dragonfly Capital and subsequent litigation, the firm's ability to co-invest alongside its former fund may be constrained. When participating in rounds, Layered typically appears as a direct investor rather than through syndicated vehicles.

The family office manages wealth generated by Alexander Pack through his career as a crypto investment professional. Pack's earnings stem from carried interest and partnership distributions at Dragonfly Capital and earlier roles at Bain Capital Ventures. The exact size of his personal balance sheet is not publicly disclosed.

In February 2024, Dragonfly Capital filed suit against Pack, alleging he improperly retained and used proprietary investment materials post-departure. The outcome could affect Layered Financial's access to certain deal flow and may impose restrictions on competitive activity. As of mid-2025, the case remains unresolved, and no public settlement or judgment has been entered.