<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0706</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001374411</cik>
        <entityName>PYRAMIS EMERGING MARKET DEBT FUND LLC</entityName>
        <issuerAddress>
            <street1>900 Salem Street</street1>
            <city>Smithfield</city>
            <stateOrCountry>RI</stateOrCountry>
            <stateOrCountryDescription>RHODE ISLAND</stateOrCountryDescription>
            <zipCode>02917</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>401-292-5660</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Joseph</firstName>
                <middleName>A.</middleName>
                <lastName>Nedder</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>900 SALEM STREET</street1>
                <city>SMITHFIELD</city>
                <stateOrCountry>RI</stateOrCountry>
                <stateOrCountryDescription>RHODE ISLAND</stateOrCountryDescription>
                <zipCode>02917</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Mr. Nedder is the President of Pyramis Institutional Funds Manager, Inc., the Managing Member 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>0001374411-13-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2004-06-08</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1000000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Pyramis Distributors Corporation LLC</recipientName>
                <recipientCRDNumber>146430</recipientCRDNumber>
                <associatedBDName>Pyramis Distributors Corporation LLC</associatedBDName>
                <associatedBDCRDNumber>146430</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>900 Salem Street</street1>
                    <city>Smithfield</city>
                    <stateOrCountry>RI</stateOrCountry>
                    <stateOrCountryDescription>RHODE ISLAND</stateOrCountryDescription>
                    <zipCode>02917</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Fidelity Brokerage Services, LLC</recipientName>
                <recipientCRDNumber>7784</recipientCRDNumber>
                <associatedBDName>Fidelity Brokerage Services, LLC</associatedBDName>
                <associatedBDCRDNumber>7784</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>900 Salem Street</street1>
                    <city>Smithfield</city>
                    <stateOrCountry>RI</stateOrCountry>
                    <stateOrCountryDescription>RHODE ISLAND</stateOrCountryDescription>
                    <zipCode>02917</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>23265073</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>5</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>PYRAMIS EMERGING MARKET DEBT FUND LLC</issuerName>
                <signatureName>Louis Russo</signatureName>
                <nameOfSigner>LOUIS RUSSO</nameOfSigner>
                <signatureTitle>Treasurer</signatureTitle>
                <signatureDate>2013-07-29</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
