-----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,
 Ft7fzJJCTaCthlZ3ywFskh8vJUuSzyK9A7vwya856x0W8PU+hTqfkoIRt3kgfHbo
 pfTQRoQmcAMpgwmeNiG3kA==

<SEC-DOCUMENT>0001477900-09-000002.txt : 20091216
<SEC-HEADER>0001477900-09-000002.hdr.sgml : 20091216
<ACCEPTANCE-DATETIME>20091216145316
ACCESSION NUMBER:		0001477900-09-000002
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:		20091216
DATE AS OF CHANGE:		20091216
EFFECTIVENESS DATE:		20091216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAFC Transition Fund (a Series of Global Endowment Targeted Strategy Fund, LP)
		CENTRAL INDEX KEY:			0001477900
		IRS NUMBER:				271403680
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-136653
		FILM NUMBER:		091244236

	BUSINESS ADDRESS:	
		STREET 1:		C/O GEF GP, LP
		STREET 2:		100 N. TRYON STREET, SUITE 2770
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		704-333-8282

	MAIL ADDRESS:	
		STREET 1:		C/O GEF GP, LP
		STREET 2:		100 N. TRYON STREET, SUITE 2770
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001477900</cik>
        <entityName>CAFC Transition Fund (a Series of Global Endowment Targeted Strategy Fund, LP)</entityName>
        <issuerAddress>
            <street1>C/O GEF GP, LP</street1>
            <street2>100 N. TRYON STREET, SUITE 2770</street2>
            <city>CHARLOTTE</city>
            <stateOrCountry>NC</stateOrCountry>
            <zipCode>28202</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>704-333-8282</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Other</entityType>
        <entityTypeOtherDesc>Fund</entityTypeOtherDesc>
        <yearOfInc>
            <yetToBeFormed>true</yetToBeFormed>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>General Partner</firstName>
                <lastName>GEF GP, LP</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>100 N. Tryon Street, Suite 2770</street1>
                <city>Charlotte</city>
                <stateOrCountry>NC</stateOrCountry>
                <zipCode>28202</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment 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>0001477900-09-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>The offering is an ongoing offering, without a cap, and is therefore of an &quot;Indefinite&quot; amount. &quot;Total amount sold&quot; is based on initial amounts contributed and does not reflect redemptions, appreciation or depreciation.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</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>An affiliate of the Issuer's General Partner will receive a management fee which is charged at rates determined by the General Partner and the Issuer.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>CAFC Transition Fund (a Series of Global Endowment Targeted Strategy Fund, LP)</issuerName>
                <signatureName>J. Porter Durham, Esq.</signatureName>
                <nameOfSigner>J. Porter Durham, Esq.</nameOfSigner>
                <signatureTitle>Authorized Person of the Issuer's General Partner</signatureTitle>
                <signatureDate>2009-12-16</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----