HedgeMountain

Pantera Token-25 Fund LP

San Francisco, CA · CIK 2021996
506(c)

Pantera Token-25 Fund LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed May 7, 2026, the fund has sold $65,738,051 of interests to 5 investors since its first sale in May 2024. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Daniel Morehead; Katrina Paglia; Matthew Gorham.

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
$65,738,051Cumulative sales reported on Form D
Investors
5
First sale
May 1, 2024
Minimum investment
None set
Who can invest
Accredited investorsSection 3(c)(1): up to 100 beneficial owners
Offering exemption
Rule 506(c)May advertise; investors must be verified as accredited
Key people and entities
Daniel Morehead; Katrina Paglia; Matthew Gorham
Latest Form D
May 7, 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 60% of the 1,051 hedge funds based in California, and more than 50% of all 10,157 that report sales.

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