Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1
Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1 is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Dec 2, 2025, the fund has sold $10,129,000 of interests to 16 investors since its first sale in Jul 2024. The minimum investment it accepts from an outside investor is $100,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Lisa Volekaert; Glenn Kennedy; 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.
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- Total raised
- $10,129,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Jul 1, 2024
- Minimum investment
- $100,000
- 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
- Lisa Volekaert; Glenn Kennedy; Matthew Gorham
- Latest Form D
- Dec 2, 2025
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 Opportunities Fund SPC - Pantera Opportunities Fund TON SP1
What is the minimum investment for Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1?
According to its latest Form D, filed Dec 2, 2025, the minimum investment Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1 accepts from an outside investor is $100,000.
Who can invest in Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1?
Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1 is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1 raised?
Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1 reports $10,129,000 sold from 16 investors on its Form D filed Dec 2, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1 based?
Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1 is based in Grand Cayman, Cayman Islands and is managed by Pantera Capital.
When did Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1 launch?
Pantera Opportunities Fund SPC - Pantera Opportunities Fund TON SP1 reports its first sale in Jul 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 23% of the 2,363 hedge funds based in Cayman Islands, and more than 21% of all 10,308 that report sales.