<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns:com="http://www.sec.gov/edgar/common" xmlns="http://www.sec.gov/edgar/ncen">
  <schemaVersion>X0505</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001868950</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-2</investmentCompanyType>
    </filerInfo>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2026-03-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>Cashmere Fund</registrantFullName>
      <investmentCompFileNo>811-23712</investmentCompFileNo>
      <registrantCik>0001868950</registrantCik>
      <registrantLei>549300O6JUUPFFNRZG22</registrantLei>
      <registrantstreet1>2000 CENTRAL AVE</registrantstreet1>
      <registrantcity>BOULDER</registrantcity>
      <registrantzipCode>80301</registrantzipCode>
      <registrantstate>US-CO</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>8885777987</registrantphoneNumber>
      <websites>
        <website webpage="https://www.thecashmerefund.com/"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>UMB FUND SERVICES, INC.</officeName>
          <officeAddress1>235 WEST GALENA STREET</officeAddress1>
          <officeCity>MILWAUKEE</officeCity>
          <officeStateCountry officeState="US-WI" officeCountry="US"/>
          <officeRecordsZipCode>53212</officeRecordsZipCode>
          <officePhone>4142992000</officePhone>
          <booksRecordsDesc>FUND ACCOUNTANT, AND ADMINISTRATOR</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>UMB BANK, N.A.</officeName>
          <officeAddress1>928 GRAND BOULEVARD</officeAddress1>
          <officeAddress2>5TH FLOOR</officeAddress2>
          <officeCity>KANSAS CITY</officeCity>
          <officeStateCountry officeState="US-MO" officeCountry="US"/>
          <officeRecordsZipCode>64106</officeRecordsZipCode>
          <officePhone>8168601142</officePhone>
          <booksRecordsDesc>CUSTODIAN</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>SWEATER INDUSTRIES LLC.</officeName>
          <officeAddress1>2000 CENTRAL AVE</officeAddress1>
          <officeCity>BOULDER</officeCity>
          <officeStateCountry officeState="US-CO" officeCountry="US"/>
          <officeRecordsZipCode>80301</officeRecordsZipCode>
          <officePhone>8885777987</officePhone>
          <booksRecordsDesc>ADVISER</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Gryphon 17, LLC</officeName>
          <officeAddress1>3000 Auburn Drive</officeAddress1>
          <officeAddress2>Suite 410</officeAddress2>
          <officeCity>Beachwood</officeCity>
          <officeStateCountry officeState="US-OH" officeCountry="US"/>
          <officeRecordsZipCode>44122</officeRecordsZipCode>
          <officePhone>2163294274</officePhone>
          <booksRecordsDesc>TRANSFER AGENT</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Forma Cashmere</officeName>
          <officeAddress1>2000 CENTRAL AVE</officeAddress1>
          <officeCity>BOULDER</officeCity>
          <officeStateCountry officeState="US-CO" officeCountry="US"/>
          <officeRecordsZipCode>80301</officeRecordsZipCode>
          <officePhone>8885777987</officePhone>
          <booksRecordsDesc>SUB ADVISOR</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Fintech Law, LLC</officeName>
          <officeAddress1>6224 Turpin Hills Drive </officeAddress1>
          <officeCity>Cincinnati</officeCity>
          <officeStateCountry officeState="US-OH" officeCountry="US"/>
          <officeRecordsZipCode>45244</officeRecordsZipCode>
          <officePhone>5139918472</officePhone>
          <booksRecordsDesc>LEGAL COUNSEL</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <isRegistrantFamilyInvComp>N</isRegistrantFamilyInvComp>
      <registrantClassificationType>N-2</registrantClassificationType>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Jesse K Randall</directorName>
          <crdNumber>007473200</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>William Hadley</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Jonathan Bellish</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="N/A"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Jonathan Van Duren</ccoName>
          <crdNumber>006770999</crdNumber>
          <ccoStreet1>230 S Bemiston Ave</ccoStreet1>
          <ccoStreet2>STE. 405</ccoStreet2>
          <ccoCity>Clayton</ccoCity>
          <ccoStateCountry ccoState="US-MO" ccoCountry="US"/>
          <ccoZipCode>63105</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="SWEATER SERVICES CORPS LLC" ccoEmployerId="33-4560998"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <isExemptionFromAct>N</isExemptionFromAct>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>Tait, Weller &amp; Baker LLP</publicAccountantName>
          <pcaobNumber>00445</pcaobNumber>
          <publicAccountantLei>N/A</publicAccountantLei>
          <publicAccountantRssdId>N/A</publicAccountantRssdId>
          <publicAccountantStateCountry publicAccountantState="US-PA" publicAccountantCountry="US"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <isPaymentDividend>N</isPaymentDividend>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Cashmere Fund</mgmtInvFundName>
        <mgmtInvLei>549300O6JUUPFFNRZG22</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <fundTypes>
          <fundType>Interval Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>SWEATER INDUSTRIES LLC.</investmentAdviserName>
            <investmentAdviserFileNo>801-122933</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000317749</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserRssdId>N/A</investmentAdviserRssdId>
            <investmentAdviserStateCountry investmentAdviserState="US-CO" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Trailmark Fund Solutions, LLC </transferAgentName>
            <transferAgentFileNo>84-06825</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>Y</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>INTERCONTINENTAL EXCHANGE, INC.</pricingServiceName>
            <pricingServiceLei>5493000F4ZO33MV32P92</pricingServiceLei>
            <pricingServiceRssdId>N/A</pricingServiceRssdId>
            <pricingServiceStateCountry pricingServiceState="US-GA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>UMB BANK, NATIONAL ASSOCIATION</custodianName>
            <custodianLei>VNOO6EITDJ2YUEBMSZ83</custodianLei>
            <custodianRssdId>936855</custodianRssdId>
            <custodianStateCountry custodianState="US-MO" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>UMB Fund Services, Inc.</adminName>
            <adminLei>N/A</adminLei>
            <adminRssdId>3028706</adminRssdId>
            <adminOther>N/A</adminOther>
            <idNumberDesc>N/A</idNumberDesc>
            <adminStateCountry adminState="US-WI" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0.000000000000</aggregateCommission>
        <principalAggregatePurchase>0.000000000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>15838733.000000000000</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Other</description>
          <securityClassTitle>Shares of beneficial interest</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="CSHMX"/>
          </commonStocks>
          <otherSecurityDescription>Shares of beneficial interest</otherSecurityDescription>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <repurchaseSecurities isRepurchaseSecurity="Y">
        <repurchaseSecurityType>Other</repurchaseSecurityType>
        <otherRepurchaseSecurityDesc>Shares of beneficial interest</otherRepurchaseSecurityDesc>
      </repurchaseSecurities>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>2.500000000000</managementFee>
      <netOperatingExpenses>5.570000000000</netOperatingExpenses>
      <marketPricePerShare>N/A</marketPricePerShare>
      <netAssetValuePerShare>24.270000000000</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <exchangeSeriesInfo/>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="Cashmere Fund" signedDate="2026-06-03" signature="/s/ Gordon Jones" title="Principal Financial Officer &amp; Treasurer"/>
  </formData>
</edgarSubmission>
