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    <testOrLive>LIVE</testOrLive>

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        <entityName>VOLEON INSTITUTIONAL STRATEGIES FUND LP</entityName>
        <issuerAddress>
            <street1>2150 DWIGHT WAY</street1>
            <city>BERKELEY</city>
            <stateOrCountry>CA</stateOrCountry>
            <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
            <zipCode>94704</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>510-704-9870</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
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    <issuerList>
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            <cik>0001663942</cik>
            <entityName>Voleon Institutional Strategies International, Ltd.</entityName>
            <issuerAddress>
                <street1>190 ELGIN AVENUE</street1>
                <street2>INTERTRUST CORPORATE SVCS (CAYMAN) LTD</street2>
                <city>GEORGE TOWN, GRAND CAYMAN</city>
                <stateOrCountry>E9</stateOrCountry>
                <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
                <zipCode>KYI-9007</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>345-943-3100</issuerPhoneNumber>
            <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
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            <edgarPreviousNameList>
                <value>None</value>
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            <entityType>Other</entityType>
            <entityTypeOtherDesc>Cayman Islands exempted company</entityTypeOtherDesc>
            <yearOfInc>
                <withinFiveYears>true</withinFiveYears>
                <value>2015</value>
            </yearOfInc>
        </issuer>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <lastName>Kharitonov</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2150 Dwight Way</street1>
                <city>Berkeley</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94704</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Member of GP of GP of Voleon Inst. Strategies Fund LP, Director of Voleon Inst. Strategies Int'l, Ltd. &amp; exec officer of Invest. Adviser</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jon</firstName>
                <lastName>McAuliffe</lastName>
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            <relatedPersonAddress>
                <street1>2150 Dwight Way</street1>
                <city>Berkeley</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94704</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Member of GP of Voleon Institutional Strategies Fund LP and executive officer of the Investment Adviser of the Issuers</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ken</firstName>
                <lastName>Jones</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2150 Dwight Way</street1>
                <city>Berkeley</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94704</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive officer of the Investment Adviser of the Issuers</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Stacy</firstName>
                <lastName>Tumarkin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2150 Dwight Way</street1>
                <city>Berkeley</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94704</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive officer of the Investment Adviser of the Issuers</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jeremy</firstName>
                <lastName>Rosenblatt</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2150 Dwight Way</street1>
                <city>Berkeley</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94704</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive officer of the Investment Adviser of the Issuers</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Inderjit</firstName>
                <lastName>Singh</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>190 Elgin Avenue</street1>
                <city>George Town, Grand Cayman</city>
                <stateOrCountry>E9</stateOrCountry>
                <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
                <zipCode>KYI-9007</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of Voleon Institutional Strategies International, Ltd.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Daniel</firstName>
                <lastName>Fishbane</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>18 Lakeside Road</street1>
                <city>Mt. Kisco</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10549</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of Voleon Institutional Strategies International, Ltd.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <lastName>Kavetas</lastName>
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            <relatedPersonAddress>
                <street1>8 Wright Street</street1>
                <city>Westport</city>
                <stateOrCountry>CT</stateOrCountry>
                <stateOrCountryDescription>CONNECTICUT</stateOrCountryDescription>
                <zipCode>06880</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>A Managing Director of the Investment Adviser of the Issuers</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Lee</firstName>
                <lastName>Koffler</lastName>
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            <relatedPersonAddress>
                <street1>2150 Dwight Way</street1>
                <city>Berkeley</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94704</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
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            </relatedPersonRelationshipList>
            <relationshipClarification>Executive officer of the Investment Adviser of the Issuers</relationshipClarification>
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    </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>06b</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001693286-17-000004</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2016-01-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>516000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>404699349</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>41</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Does not include ongoing management fees paid to the investment adviser under the operating documents.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>VOLEON INSTITUTIONAL STRATEGIES FUND LP</issuerName>
                <signatureName>/s/ Ken Jones</signatureName>
                <nameOfSigner>Ken Jones</nameOfSigner>
                <signatureTitle>Chief Compliance Officer of Investment Adviser</signatureTitle>
                <signatureDate>2018-01-12</signatureDate>
            </signature>
            <signature>
                <issuerName>Voleon Institutional Strategies International, Ltd.</issuerName>
                <signatureName>/s/ Ken Jones</signatureName>
                <nameOfSigner>Ken Jones</nameOfSigner>
                <signatureTitle>Chief Compliance Officer of Investment Adviser</signatureTitle>
                <signatureDate>2018-01-12</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
