-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 A3RUj2MYKd8u5tcQ41tjMxj57v4k6zi291fIHyrFPFnWKGuRvmNpGHXxXcCtSsJL
 hT5dpSypeqEN6Z+4ixmW7A==

<SEC-DOCUMENT>0000919574-10-000632.txt : 20100208
<SEC-HEADER>0000919574-10-000632.hdr.sgml : 20100208
<ACCEPTANCE-DATETIME>20100208163137
ACCESSION NUMBER:		0000919574-10-000632
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100208
DATE AS OF CHANGE:		20100208
EFFECTIVENESS DATE:		20100208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			THELME FUND LP
		CENTRAL INDEX KEY:			0001480782
		IRS NUMBER:				999999999
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-138561
		FILM NUMBER:		10581262

	BUSINESS ADDRESS:	
		STREET 1:		FORTIS PFS ADMIN SERVICES (IRELAND) LTD
		STREET 2:		FORTIS HOUSE, PARK LANE
		CITY:			SPENCER DOCK, DUBLIN 1
		STATE:			L2
		ZIP:			99999
		BUSINESS PHONE:		353-607-1800

	MAIL ADDRESS:	
		STREET 1:		FORTIS PFS ADMIN SERVICES (IRELAND) LTD
		STREET 2:		FORTIS HOUSE, PARK LANE
		CITY:			SPENCER DOCK, DUBLIN 1
		STATE:			L2
		ZIP:			99999
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001480782</cik>
        <entityName>THELME FUND LP</entityName>
        <issuerAddress>
            <street1>FORTIS PFS ADMIN SERVICES (IRELAND) LTD</street1>
            <street2>FORTIS HOUSE, PARK LANE</street2>
            <city>SPENCER DOCK, DUBLIN 1</city>
            <stateOrCountry>L2</stateOrCountry>
            <zipCode>99999</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>353-607-1800</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Peter</firstName>
                <middleName>J.</middleName>
                <lastName>Anderson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Fortis PFS Admin Services (Ireland) Ltd.</street1>
                <street2>Fortis House, Park Lane</street2>
                <city>Spencer Dock, Dublin 1</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>00000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Mr. Anderson serves as a director of Theleme General Partner, LLC, the general partner of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <middleName>Anthony</middleName>
                <lastName>Kaju</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Fortis PFS Admin Services (Ireland) Ltd.</street1>
                <street2>Fortis House, Park Lane</street2>
                <city>Spencer Dock, Dublin 1</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>00000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Mr. Kaju serves as a director of Theleme General Partner, LLC, the general partner of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Roland</firstName>
                <lastName>Lienau</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Fortis PFS Admin Services (Ireland) Ltd.</street1>
                <street2>Fortis House, Park Lane</street2>
                <city>Spencer Dock, Dublin 1</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>00000</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Mr. Lienau serves as a director of Theleme General Partner, LLC, the general partner of the Issuer.</relationshipClarification>
        </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>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-02-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>10000000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>5750000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>2</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>The general partner, 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>THELME FUND LP</issuerName>
                <signatureName>/s/ Peter J. Anderson</signatureName>
                <nameOfSigner>Peter J. Anderson</nameOfSigner>
                <signatureTitle>Director of the GP</signatureTitle>
                <signatureDate>2010-02-03</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----