Pantera Liquid Token Fund LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Oct 30, 2026, the fund has sold $501,515,818 of interests to 1,012 investors since its first sale in Nov 2017. The filing does not set a minimum investment. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Pantera Liquid and Early-Stage Token GP LLC; Daniel Morehead; Matthew Gorham.
Performance
No verified returns have been reported for this fund. As a rough guide, Pantera Capital, which manages it, disclosed U.S. stock holdings that returned an estimated -27.1% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q1 2025 to Q2 2026, the estimate is -62.5% (S&P 500: +27.4%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $501,515,818Cumulative sales reported on Form D
- Investors
- 1,012
- First sale
- Nov 10, 2017
- Minimum investment
- None set
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Pantera Liquid and Early-Stage Token GP LLC; Daniel Morehead; Matthew Gorham
- Latest Form D
- Oct 30, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Pantera Liquid Token Fund LP
What is the minimum investment for Pantera Liquid Token Fund LP?
Pantera Liquid Token Fund LP's latest Form D, filed Oct 30, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Pantera Liquid Token Fund LP?
Pantera Liquid Token Fund LP is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Pantera Liquid Token Fund LP raised?
Pantera Liquid Token Fund LP reports $501,515,818 sold from 1,012 investors on its Form D filed Oct 30, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Pantera Liquid Token Fund LP based?
Pantera Liquid Token Fund LP is based in San Francisco, California and is managed by Pantera Capital.
When did Pantera Liquid Token Fund LP launch?
Pantera Liquid Token Fund LP reports its first sale in Nov 2017.
Size compared with every hedge fund
Raised more than 87% of the 1,060 hedge funds based in California, and more than 82% of all 10,307 that report sales.
Other funds with the same team
- Pantera Early-Stage Token Fund LP$443M
- Pantera Fund V LP$144M
- Pantera Bitcoin Fund Ltd$137M
- Pantera Token-25 Fund LP$65.7M
- Pantera Early-Stage Token Fund II LP$52.4M
- Pantera Fund V Beta Bridge LP$20.0M
- Pantera Opportunities Fund LP TON$17.8M
- Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1$10.1M