Chaetomidium, a genus in the Chaetomiaceae, comprises 12 species that produce similar cleistothecial ascomata with a membranous, mostly pilose, peridium. Approximately six species of this genus produce some type of modified peridium composed of cephalothecoid plates that previous authors have hypothesized to be a homologous character within the genus. To better understand the phylogenetic affiliations of Chaetomidium and distribution of the cephalothecoid peridium within this genus we performed phylogenetic analyses with LSU, beta-tubulin and rpb2 sequence data. The results of these analyses showed that Chaetomidium is polyphyletic and should be restricted to its type, C. fimeti, and C. subfimeti. The remaining cephalothecoid and non-cephalothecoid species were scattered throughout the Chaetomiaceae and Lasiosphaeriaceae. The cephalothecoid species of Chaetomidium were distributed in three unrelated clades, suggesting that the morphological similarity amo'ng these particular species resulted from convergence instead of ancestry.