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<?xml version="1.0" encoding="windows-1252"?> |
<edgarSubmission> |
| <schemaVersion> X0201 </schemaVersion> |
| <submissionType> D/A </submissionType> |
| <testOrLive> LIVE </testOrLive> |
| <primaryIssuer> |
| | <cik> 0001353728 </cik> |
| | <entityName> PANTON ALTERNATIVE FUND LTD </entityName> |
| | <issuerAddress> |
| | | <street1> c/o Citco Fund Services (Cayman Islands) </street1> |
| | | <street2> Corporate Centre, PO Box 31106 SMB </street2> |
| | | <city> Grand Cayman </city> |
| | | <stateOrCountry> E9 </stateOrCountry> |
| | | </issuerAddress> |
| | <issuerPhoneNumber> 345-949-3977 </issuerPhoneNumber> |
| | <issuerPreviousNameList> |
| | | <value> None </value> |
| | | </issuerPreviousNameList> |
| | <jurisdictionOfInc></jurisdictionOfInc> |
| | <entityType> Other </entityType> |
| | <yearOfInc> |
| | | <overFiveYears> true </overFiveYears> |
| | | </yearOfInc> |
| | </primaryIssuer> |
| <relatedPersonsList> |
| | <relatedPersonInfo> |
| | | <relatedPersonName> |
| <firstName> Kassahun </firstName> |
| <middleName></middleName> |
| <lastName> Kebede </lastName> |
| </relatedPersonName> |
| | | <relatedPersonAddress> |
| <street1> c/o PANTON Capital Group, LLC </street1> |
| <street2> 590 Madison Avenue, Suite 25A </street2> |
| <city> New York </city> |
| <stateOrCountry> NY </stateOrCountry> |
| <zipCode> 10022 </zipCode> |
| </relatedPersonAddress> |
| | | <relatedPersonRelationshipList> |
| <relationship> Director </relationship> |
| </relatedPersonRelationshipList> |
| | | <relationshipClarification> Kassahun Kebede is also an executive officer of PANTON Capital Group, LLC, the Investment Manager of the Issuer. </relationshipClarification> |
| | | </relatedPersonInfo> |
| | <relatedPersonInfo> |
| | | <relatedPersonName> |
| <firstName> Don </firstName> |
| <middleName> M. </middleName> |
| <lastName> Seymour </lastName> |
| </relatedPersonName> |
| | | <relatedPersonAddress> |
| <street1> c/o DMS Management Ltd. </street1> |
| <street2> Ansbacher House, PO Box 31910 </street2> |
| <city> Grand Cayman </city> |
| <stateOrCountry> E9 </stateOrCountry> |
| <zipCode> KY1-1208 </zipCode> |
| </relatedPersonAddress> |
| | | <relatedPersonRelationshipList> |
| <relationship> Director </relationship> |
| </relatedPersonRelationshipList> |
| | | </relatedPersonInfo> |
| | <relatedPersonInfo> |
| | | <relatedPersonName> |
| <firstName> David </firstName> |
| <middleName></middleName> |
| <lastName> Bree </lastName> |
| </relatedPersonName> |
| | | <relatedPersonAddress> |
| <street1> c/o DMS Management Ltd. </street1> |
| <street2> Ansbacher House, PO Box 31910 </street2> |
| <city> Grand Cayman </city> |
| <stateOrCountry> E9 </stateOrCountry> |
| <zipCode> KY1-1208 </zipCode> |
| </relatedPersonAddress> |
| | | <relatedPersonRelationshipList> |
| <relationship> Director </relationship> |
| </relatedPersonRelationshipList> |
| | | </relatedPersonInfo> |
| | </relatedPersonsList> |
| <offeringData> |
| | <industryGroup> |
| | | <industryGroupType> Pooled Investment Fund </industryGroupType> |
| | | <investmentFundInfo> |
| <investmentFundType> Hedge Fund </investmentFundType> |
| <is40Act> false </is40Act> |
| </investmentFundInfo> |
| | | </industryGroup> |
| | <issuerSize> |
| | | <aggregateNetAssetValueRange> Decline to Disclose </aggregateNetAssetValueRange> |
| | | </issuerSize> |
| | <federalExemptionsExclusions> |
| | | <item> 06 </item> |
| | | <item> 3C </item> |
| | | <item> 3C.7 </item> |
| | | </federalExemptionsExclusions> |
| | <typeOfFiling> |
| | | <newOrAmendment> |
| <isAmendment> true </isAmendment> |
| <previousAccessionNumber> 9999999997-06-005695 </previousAccessionNumber> |
| </newOrAmendment> |
| | | <dateOfFirstSale> |
| <value> 2004-02-01 </value> |
| </dateOfFirstSale> |
| | | </typeOfFiling> |
| | <durationOfOffering> |
| | | <moreThanOneYear> true </moreThanOneYear> |
| | | </durationOfOffering> |
| | <typesOfSecuritiesOffered> |
| | | <isPooledInvestmentFundType> true </isPooledInvestmentFundType> |
| | | </typesOfSecuritiesOffered> |
| | <businessCombinationTransaction> |
| | | <isBusinessCombinationTransaction> false </isBusinessCombinationTransaction> |
| | | </businessCombinationTransaction> |
| | <minimumInvestmentAccepted> 2000000 </minimumInvestmentAccepted> |
| | <salesCompensationList></salesCompensationList> |
| | <offeringSalesAmounts> |
| | | <totalOfferingAmount> Indefinite </totalOfferingAmount> |
| | | <totalAmountSold> 941043750 </totalAmountSold> |
| | | <totalRemaining> Indefinite </totalRemaining> |
| | | </offeringSalesAmounts> |
| | <investors> |
| | | <hasNonAccreditedInvestors> false </hasNonAccreditedInvestors> |
| | | <totalNumberAlreadyInvested> 110 </totalNumberAlreadyInvested> |
| | | </investors> |
| | <salesCommissionsFindersFees> |
| | | <salesCommissions> |
| <dollarAmount> 0 </dollarAmount> |
| </salesCommissions> |
| | | <findersFees> |
| <dollarAmount> 0 </dollarAmount> |
| </findersFees> |
| | | </salesCommissionsFindersFees> |
| | <useOfProceeds> |
| | | <grossProceedsUsed> |
| <dollarAmount> 0 </dollarAmount> |
| <isEstimate> true </isEstimate> |
| </grossProceedsUsed> |
| | | <clarificationOfResponse> The Investment Manager (or its affiliate) is entitled to receive an annual management fee in an amount equal to a specified percentage of assets under management. </clarificationOfResponse> |
| | | </useOfProceeds> |
| | <signatureBlock> |
| | | <authorizedRepresentative> false </authorizedRepresentative> |
| | | <signature> |
| <issuerName> PANTON Alternative Fund, Ltd. </issuerName> |
| <signatureName> /s/ Kassahun Kebede </signatureName> |
| <nameOfSigner> Kassahun Kebede </nameOfSigner> |
| <signatureTitle> Director of the Issuer </signatureTitle> |
| <signatureDate> 2009-03-11 </signatureDate> |
| </signature> |
| | | </signatureBlock> |
| | </offeringData> |
| </edgarSubmission> |