Form D · Hedge Fund

PALO ALTO HEALTHCARE OFFSHORE II LTD

George Town, Grand Cayman, E9 · CIK 0001430918

Offering snapshot reported Feb 25, 2026 · SEC filing

Reported sold
$228M
Indefinite offering
Investors reported
65
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Jan 1, 2008
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$114M$228MMar 6, 2009: $21,838,303.00Mar 6, 2009Feb 25, 2010: $30,488,303.00Jun 2, 2010: $37,488,303.00Jul 5, 2011: $51,665,682.00Jul 3, 2012: $65,645,652.00May 8, 2013: $73,837,946.00Apr 30, 2014: $99,339,622.00Apr 15, 2016: $99,339,622.00Apr 13, 2017: $175,900,000.00Apr 2, 2018: $185,400,000.00Apr 2, 2019: $185,400,000.00Mar 31, 2020: $192,050,000.00Mar 29, 2021: $193,450,000.00Mar 16, 2022: $208,450,000.00Mar 3, 2023: $228,450,000.00Mar 1, 2024: $228,450,000.00Feb 26, 2025: $228,450,000.00Feb 25, 2026: $228,450,000.00Feb 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$228,450,000$0vs Feb 26, 202565SEC filing
Feb 26, 2025Amendment$228,450,000$0vs Mar 1, 202465SEC filing
Mar 1, 2024Amendment$228,450,000$0vs Mar 3, 202365SEC filing
Mar 3, 2023Amendment$228,450,000$20,000,000vs Mar 16, 202265SEC filing
Mar 16, 2022Amendment$208,450,000$15,000,000vs Mar 29, 202165SEC filing
Mar 29, 2021Amendment$193,450,000$1,400,000vs Mar 31, 202065SEC filing
Mar 31, 2020Amendment$192,050,000$6,650,000vs Apr 2, 201965SEC filing
Apr 2, 2019Amendment$185,400,000$0vs Apr 2, 201859SEC filing
Apr 2, 2018Amendment$185,400,000$9,500,000vs Apr 13, 201759SEC filing
Apr 13, 2017Amendment$175,900,000$76,560,378vs Apr 15, 201658SEC filing
Apr 15, 2016Amendment$99,339,622$0vs Apr 30, 201429SEC filing
Apr 30, 2014Amendment$99,339,622$25,501,676vs May 8, 201329SEC filing
May 8, 2013Amendment$73,837,946$8,192,294vs Jul 3, 201226SEC filing
Jul 3, 2012Amendment$65,645,652$13,979,970vs Jul 5, 201122SEC filing
Jul 5, 2011Amendment$51,665,682$14,177,379vs Jun 2, 201017SEC filing
Jun 2, 2010Amendment$37,488,303$15,650,000vs Mar 6, 200913SEC filing
Feb 25, 2010Amendment$30,488,303$8,650,000vs Mar 6, 200913SEC filing
Mar 6, 2009Amendment$21,838,303No comparisonNot reportedSEC filing
Mar 25, 2008PaperNot reportedNo comparisonNot reportedSEC 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
021-116452
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.
Redeemable Shares
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 HEALTHCARE OFFSHORE II LTD.

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 805-6908525370

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
Ronan Guilfoyle Director
Roger H. Hanson Director
Patrick Lee Director
Cary Marr Director
N/A Palo Alto Investors, Lp Executive
Jonathan Roney Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Walkers Corporate Limited 190 Elgin Avenue
George Town, Grand Cayman, E9, KY1 - 9008