Form D · Hedge Fund

PALO ALTO HEALTHCARE FUND LP

Palo Alto, CA · CIK 0001138165

Offering snapshot reported Feb 25, 2026 · SEC filing

Reported sold
$331M
Indefinite offering
Investors reported
97
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Apr 1, 2001
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$165M$331MJun 9, 2009: $213,244,797.00Jun 9, 2009May 28, 2010: $219,701,617.00Jul 25, 2011: $227,482,997.00Jul 18, 2012: $233,308,055.00Jul 16, 2013: $249,617,481.00Jul 16, 2014: $263,570,253.00Jul 16, 2015: $263,570,253.00Jul 15, 2016: $319,241,380.00Jul 14, 2017: $320,371,380.00Apr 2, 2018: $327,521,380.00Apr 2, 2019: $327,671,380.00Mar 31, 2020: $327,671,380.00Mar 26, 2021: $329,871,380.00Mar 24, 2022: $329,871,380.00Mar 6, 2023: $329,896,380.00Mar 1, 2024: $330,896,380.00Feb 27, 2025: $330,896,380.00Apr 17, 2025: $330,896,380.00Feb 25, 2026: $330,896,380.00Feb 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$330,896,380$0vs Apr 17, 202597SEC filing
Apr 17, 2025Amendment$330,896,380$0vs Feb 27, 202597SEC filing
Feb 27, 2025Amendment$330,896,380$0vs Mar 1, 202497SEC filing
Mar 1, 2024Amendment$330,896,380$1,000,000vs Mar 6, 202397SEC filing
Mar 6, 2023Amendment$329,896,380$25,000vs Mar 24, 202297SEC filing
Mar 24, 2022Amendment$329,871,380$0vs Mar 26, 202197SEC filing
Mar 26, 2021Amendment$329,871,380$2,200,000vs Mar 31, 202097SEC filing
Mar 31, 2020Amendment$327,671,380$0vs Apr 2, 201997SEC filing
Apr 2, 2019Amendment$327,671,380$150,000vs Apr 2, 201897SEC filing
Apr 2, 2018Amendment$327,521,380$7,150,000vs Jul 14, 201796SEC filing
Jul 14, 2017Amendment$320,371,380$1,130,000vs Jul 15, 201696SEC filing
Jul 15, 2016Amendment$319,241,380$55,671,127vs Jul 16, 201596SEC filing
Jul 16, 2015Amendment$263,570,253$0vs Jul 16, 201496SEC filing
Jul 16, 2014Amendment$263,570,253$13,952,772vs Jul 16, 201396SEC filing
Jul 16, 2013Amendment$249,617,481$16,309,426vs Jul 18, 201296SEC filing
Jul 18, 2012Amendment$233,308,055$5,825,058vs Jul 25, 201193SEC filing
Jul 25, 2011Amendment$227,482,997$7,781,380vs May 28, 201091SEC filing
May 28, 2010Amendment$219,701,617$6,456,820vs Jun 9, 200991SEC filing
Jun 9, 2009Amendment$213,244,797No comparison91SEC filing

Offering details

Securities
Equity, Pooled investment fund, Other
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0 (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-119293
This is a continuous offering. The amount disclosed is the gross amount of interest sold by the Issuer and does not include redemptions by investors. The number of investors disclosed in Item 14 below is an estimate and does not include redemptions.
Limited partner interests
The Issuer does not pay any sales commissions or finders' fees expenses. The Investment Manager of the Issuer pays a portion of the management fees it receives from the Issuer 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 HEALTHCARE 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 805-6490216411

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
Patrick Y. Lee Executive
N/A Pai Llc Executive
N/A Palo Alto Investors Executive
N/A Palo Alto Investors, Llc Executive
Mark Shamia Executive, Promoter
Scott 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