Form D · Hedge Fund

Palo Alto Advanced Life Sciences Fund, L.P.

Palo Alto, CA · CIK 0001503176

Offering snapshot reported Feb 25, 2026 · SEC filing

Reported sold
$167M
Indefinite offering
Investors reported
95
Form D · investor count
Minimum accepted
$5M
Reported outside-investor minimum
First sale
Jan 1, 2011
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$83.6M$167MOct 13, 2010Sep 29, 2011: $500,000.00Aug 14, 2013: $950,000.00Dec 31, 2014: $950,000.00Jun 8, 2015: $950,000.00Jun 8, 2016: $38,950,000.00Jun 7, 2017: $47,450,000.00Apr 2, 2018: $81,783,000.00Apr 2, 2019: $125,810,278.00Mar 31, 2020: $146,750,278.00Mar 26, 2021: $155,850,278.00Mar 24, 2022: $165,250,278.00Mar 6, 2023: $165,750,278.00Mar 1, 2024: $166,750,278.00Feb 27, 2025: $167,250,278.00Apr 17, 2025: $167,250,278.00Feb 25, 2026: $167,250,278.00Feb 25, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Feb 25, 2026Amendment$167,250,278$0vs Apr 17, 202595SEC filing
Apr 17, 2025Amendment$167,250,278$0vs Feb 27, 202595SEC filing
Feb 27, 2025Amendment$167,250,278$1,500,000vs Mar 6, 202395SEC filing
Mar 1, 2024Amendment$166,750,278$1,000,000vs Mar 6, 202395SEC filing
Mar 6, 2023Amendment$165,750,278$500,000vs Mar 24, 202295SEC filing
Mar 24, 2022Amendment$165,250,278$9,400,000vs Mar 26, 202195SEC filing
Mar 26, 2021Amendment$155,850,278$9,100,000vs Mar 31, 202092SEC filing
Mar 31, 2020Amendment$146,750,278$20,940,000vs Apr 2, 201987SEC filing
Apr 2, 2019Amendment$125,810,278$44,027,278vs Apr 2, 201881SEC filing
Apr 2, 2018Amendment$81,783,000$34,333,000vs Jun 7, 201755SEC filing
Jun 7, 2017Amendment$47,450,000$8,500,000vs Jun 8, 201633SEC filing
Jun 8, 2016Amendment$38,950,000$38,000,000vs Jun 8, 201524SEC filing
Jun 8, 2015Amendment$950,000$0vs Dec 31, 20144SEC filing
Dec 31, 2014Amendment$950,000$0vs Aug 14, 20134SEC filing
Aug 14, 2013Amendment$950,000$450,000vs Sep 29, 20112SEC filing
Sep 29, 2011Amendment$500,000No comparison1SEC filing
Oct 13, 2010InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Equity, Pooled investment fund, Other
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0 (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-148979
Limited partner interests
The issuer does not pay sales commissions or finders' fees expenses. The investment adviser of the issuer pays a portion of the management fees it receives to the entities listed in Item 12.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
MMX Global Partners, LLC000286531
Morgan Stanley Smith Barney LLC000149777
Crewe Capital000152527
Capital Connect, LLC000329399

Source: Form D, filed Feb 25, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

PALO ALTO ADVANCED LIFE SCIENCES FUND, L.P.

Investment adviser: PALO ALTO INVESTORS LP

Gross asset value
Not reported
Beneficial owners
Not reported
ADV minimum commitment
Not reported

Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

No provider names available in this fund's imported disclosure.

Provider details
Annual audit
Not reported
Prime brokers
Not reported
Custodians
Not reported
Administrator other than the adviser
Not reported
External marketing
Not reported
Filing source

Form ADV 2057526 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-5850033589

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
William L. Edwards Executive, Promoter
Patrick Y. Lee Executive
N/A Pai Llc Executive
N/A Palo Alto Investors Executive, Promoter
N/A Palo Alto Investors, Llc Executive
Mark Shamia Executive, Promoter
Scott R. Smith Executive
Anthony Joonkyoo Yun Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
101 University Avenue, Suite 200
Palo Alto, CA, 94301