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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001013594-09-000753.txt : 20090324
<SEC-HEADER>0001013594-09-000753.hdr.sgml : 20090324
<ACCEPTANCE-DATETIME>20090324133331
ACCESSION NUMBER:		0001013594-09-000753
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20090324
DATE AS OF CHANGE:		20090324
EFFECTIVENESS DATE:		20090324

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LOEB ASIA FUND LP
		CENTRAL INDEX KEY:			0001426312
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-114469
		FILM NUMBER:		09700906

	BUSINESS ADDRESS:	
		STREET 1:		61 BROADWAY
		STREET 2:		24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10006
		BUSINESS PHONE:		212-483-7023

	MAIL ADDRESS:	
		STREET 1:		61 BROADWAY
		STREET 2:		24TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10006
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0301</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001426312</cik>
        <entityName>LOEB ASIA FUND LP</entityName>
        <issuerAddress>
            <street1>61 Broadway</street1>
            <street2>24th Floor</street2>
            <city>New York</city>
            <stateOrCountry>NY</stateOrCountry>
            <zipCode>10006</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(212) 483-7000</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Gideon</firstName>
                <middleName>J.</middleName>
                <lastName>King</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>61 Broadway</street1>
                <street2>24th Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10006</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
                <relationship>Promoter</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>9999999997-08-005460</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-05-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>250000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Frederick Fruitman</recipientName>
                <recipientCRDNumber>1526646</recipientCRDNumber>
                <associatedBDName>Loeb Partners Corporation</associatedBDName>
                <associatedBDCRDNumber>10929</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>8 Egerton Gardens</street1>
                    <street2>Flat 2</street2>
                    <city>London</city>
                    <stateOrCountry>X0</stateOrCountry>
                    <zipCode>SW3-2BP</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>J. Patrick Kearns</recipientName>
                <recipientCRDNumber>836964</recipientCRDNumber>
                <associatedBDName>Fulcrum Securities, Inc.</associatedBDName>
                <associatedBDCRDNumber>140084</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1650 Tysons Boulevard</street1>
                    <street2>Suite 620</street2>
                    <city>McLean</city>
                    <stateOrCountry>VA</stateOrCountry>
                    <zipCode>22102</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Gregory M. Solomon</recipientName>
                <recipientCRDNumber>2818497</recipientCRDNumber>
                <associatedBDName>Bedminster Financial Group, Limited</associatedBDName>
                <associatedBDCRDNumber>39916</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4920 York Road</street1>
                    <street2>Suite 2dd1</street2>
                    <city>Holicong</city>
                    <stateOrCountry>PA</stateOrCountry>
                    <zipCode>18928-0295</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>875224</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>15</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </findersFees>
            <clarificationOfResponse>Estimate represents fees paid to date.  Finders would receive a portion of General Partner's management fees and incentive allocations.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>2360</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Estimate represents management fees paid to date.  General Partner receives management fee of 1.5-3% per annum of Issuer's net asset value.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Loeb Asia Fund, L.P.</issuerName>
                <signatureName>/s/ Gideon J. King</signatureName>
                <nameOfSigner>Gideon J. King</nameOfSigner>
                <signatureTitle>Manager of General Partner</signatureTitle>
                <signatureDate>2009-03-17</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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