Pantera Early-Stage Token Fund LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Jul 10, 2026, the fund has sold $442,594,833 of interests to 683 investors since its first sale in Jun 2017. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Daniel Morehead; Matthew Gorham; Marc Selfon.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $442,594,833Cumulative sales reported on Form D
- Investors
- 683
- First sale
- Jun 5, 2017
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Daniel Morehead; Matthew Gorham; Marc Selfon
- Latest Form D
- Jul 10, 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 HedgeMountain 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
Size compared with every hedge fund
Raised more than 85% of the 1,051 hedge funds based in California, and more than 80% of all 10,157 that report sales.