-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 O7/bOYrAQssLmRS17kpLvCIGPlNfY7PzuSY/OjTeA4qBLn72WmRHYpuXRMc9XkzS
 O9PgwgwF19m+JMcDmMYlQA==

<SEC-DOCUMENT>0001478491-10-000001.txt : 20100105
<SEC-HEADER>0001478491-10-000001.hdr.sgml : 20100105
<ACCEPTANCE-DATETIME>20100105111533
ACCESSION NUMBER:		0001478491-10-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100105
DATE AS OF CHANGE:		20100105
EFFECTIVENESS DATE:		20100105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Josephine Capital, LLC
		CENTRAL INDEX KEY:			0001478491
		IRS NUMBER:				205169733
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-137435
		FILM NUMBER:		10504853

	BUSINESS ADDRESS:	
		STREET 1:		4600 CHURCHILL STREET
		CITY:			SHOREVIEW
		STATE:			MN
		ZIP:			55126
		BUSINESS PHONE:		651-766-8180

	MAIL ADDRESS:	
		STREET 1:		4600 CHURCHILL STREET
		CITY:			SHOREVIEW
		STATE:			MN
		ZIP:			55126
</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>0001478491</cik>
        <entityName>Josephine Capital, LLC</entityName>
        <issuerAddress>
            <street1>4600 CHURCHILL STREET</street1>
            <city>SHOREVIEW</city>
            <stateOrCountry>MN</stateOrCountry>
            <zipCode>55126</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>651-766-8180</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2008</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mark</firstName>
                <lastName>Lubratt</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>4600 Churchill Street</street1>
                <city>Shoreview</city>
                <stateOrCountry>MN</stateOrCountry>
                <zipCode>55126</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of Josephine Capital Management, LLC, the Managing
Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <lastName>Lubratt</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>4600 Churchill Street</street1>
                <city>Shoreview</city>
                <stateOrCountry>MN</stateOrCountry>
                <zipCode>55126</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Member of Josephine Capital Management, LLC, the Managing
Member</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>$1 - $5,000,000</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-01-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>577693</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>3</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>6702</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Estimated Management Fee, which is based on a
percentage of the assets (2% annually); Performance Fee may also be charged but is not included in estimate because of contingent nature of fee.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Josephine Capital, LLC</issuerName>
                <signatureName>Mark Lubratt</signatureName>
                <nameOfSigner>Mark Lubratt</nameOfSigner>
                <signatureTitle>Manager of the Managing Member</signatureTitle>
                <signatureDate>2010-01-04</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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