Form D · Hedge Fund

Palo Alto Korea Fund, L.P.

Palo Alto, CA · CIK 0001488265

Offering snapshot reported Feb 25, 2026 · SEC filing

Reported sold
$10.5M
Indefinite offering
Investors reported
11
Form D · investor count
Minimum accepted
$250K
Reported outside-investor minimum
First sale
Apr 1, 2010
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$5.23M$10.5MMar 31, 2010Apr 23, 2010: $2,500,000.00Apr 18, 2011: $3,000,000.00Apr 17, 2012: $3,000,000.00Apr 29, 2013: $3,000,000.00Apr 28, 2014: $5,350,000.00Apr 8, 2015: $5,350,000.00Jun 8, 2015: $5,350,000.00Jun 8, 2016: $8,850,000.00Jun 8, 2017: $8,850,000.00Apr 2, 2018: $10,450,000.00Apr 2, 2019: $10,450,000.00Mar 31, 2020: $10,450,000.00Mar 26, 2021: $10,450,000.00Mar 24, 2022: $10,450,000.00Mar 6, 2023: $10,450,000.00Mar 1, 2024: $10,450,000.00Feb 27, 2025: $10,450,000.00Apr 17, 2025: $10,450,000.00Feb 25, 2026: $10,450,000.00Feb 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$10,450,000$0vs Apr 17, 202511SEC filing
Apr 17, 2025Amendment$10,450,000$0vs Feb 27, 202511SEC filing
Feb 27, 2025Amendment$10,450,000$0vs Mar 1, 202411SEC filing
Mar 1, 2024Amendment$10,450,000$0vs Mar 6, 202311SEC filing
Mar 6, 2023Amendment$10,450,000$0vs Mar 24, 202211SEC filing
Mar 24, 2022Amendment$10,450,000$0vs Mar 26, 202111SEC filing
Mar 26, 2021Amendment$10,450,000$0vs Mar 31, 202011SEC filing
Mar 31, 2020Amendment$10,450,000$0vs Apr 2, 201911SEC filing
Apr 2, 2019Amendment$10,450,000$0vs Apr 2, 201811SEC filing
Apr 2, 2018Amendment$10,450,000$1,600,000vs Jun 8, 201711SEC filing
Jun 8, 2017Amendment$8,850,000$0vs Jun 8, 201611SEC filing
Jun 8, 2016Amendment$8,850,000$3,500,000vs Jun 8, 201511SEC filing
Jun 8, 2015Amendment$5,350,000$0vs Apr 8, 20156SEC filing
Apr 8, 2015Amendment$5,350,000$0vs Apr 28, 20146SEC filing
Apr 28, 2014Amendment$5,350,000$2,350,000vs Apr 29, 20136SEC filing
Apr 29, 2013Amendment$3,000,000$0vs Apr 17, 20125SEC filing
Apr 17, 2012Amendment$3,000,000$0vs Apr 18, 20115SEC filing
Apr 18, 2011Amendment$3,000,000$500,000vs Apr 23, 20105SEC filing
Apr 23, 2010Amendment$2,500,000No comparison4SEC filing
Mar 31, 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
021-140086
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
Capital Connect, LLC000329399
Crewe CapitalNone

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 KOREA FUND, L.P.

Investment adviser: PALO ALTO INVESTORS LP

Gross asset value
$11M
Beneficial owners
3
ADV minimum commitment
$250K

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

Service providers

Fund administrator MORGAN STANLEY FUND SERVICES USA LLC PURCHASE, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor EISNERAMPER LLP SAN FRANCISCO, California, United States
Custodian MORGAN STANLEY & CO. LLC SAN FRANCISCO, California, United States Related to adviser: No
Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Marketer CAPITAL CONNECT, LLC VERO BEACH, Florida, United States Related to adviser: No
Marketer CREWE CAPITAL SALT LAKE CITY, Utah, United States Related to adviser: No
Prime broker MORGAN STANLEY & CO. LLC SAN FRANCISCO, California, United States
Prime broker PERSHING LLC LOS ANGELES, California, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

EISNERAMPER LLP
PCAOB 274

MORGAN STANLEY & CO. LLC
SEC 8-15869

NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 6PTKHDJ8HDUF78PFWH30

CAPITAL CONNECT, LLC
CRD 329399 · SEC 8-71196

CREWE CAPITAL
CRD 152527 · SEC 8-68460

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

PERSHING LLC
CRD 7560 · SEC 8-17574

Filing source

Form ADV 2057526 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-4567520406

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, 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