Form D · Hedge Fund

Steelhead Pathfinder Master LP

Grand Cayman, E9 · CIK 0001393688

Offering snapshot reported Mar 3, 2026 · SEC filing

Reported sold
$1.01B
Indefinite offering
Investors reported
4
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Nov 1, 2005
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$505M$1.01BMar 13, 2009: $75,416,598.00Mar 13, 2009Mar 4, 2010: $101,626,598.00Mar 4, 2011: $177,293,098.00Mar 1, 2012: $211,268,098.00Mar 1, 2013: $339,143,098.00Feb 28, 2014: $357,618,098.00Mar 6, 2015: $396,138,098.00Mar 4, 2016: $526,158,098.00Mar 3, 2017: $590,056,543.00Mar 2, 2018: $614,678,520.00Mar 1, 2019: $639,241,378.00Mar 6, 2019: $639,241,378.00Mar 2, 2020: $658,528,120.00Mar 2, 2020: $659,578,120.00Mar 2, 2021: $704,493,120.00Mar 2, 2022: $833,228,120.00Mar 2, 2023: $879,288,120.00Mar 1, 2024: $971,871,120.00Mar 3, 2025: $988,839,120.00Mar 3, 2026: $1,009,015,120.00Mar 3, 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.

  • Reported sold$988,839,120 → $1,009,015,120
  • Reported investors3 → 4

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 3, 2026Amendment$1,009,015,120$20,176,000vs Mar 3, 20254SEC filing
Mar 3, 2025Amendment$988,839,120$16,968,000vs Mar 1, 20243SEC filing
Mar 1, 2024Amendment$971,871,120$92,583,000vs Mar 2, 20233SEC filing
Mar 2, 2023Amendment$879,288,120$46,060,000vs Mar 2, 20223SEC filing
Mar 2, 2022Amendment$833,228,120$128,735,000vs Mar 2, 20213SEC filing
Mar 2, 2021Amendment$704,493,120$44,915,000vs Mar 2, 20203SEC filing
Mar 2, 2020Amendment$659,578,120$20,336,742vs Mar 6, 20193SEC filing
Mar 2, 2020Amendment$658,528,120$19,286,742vs Mar 6, 20193SEC filing
Mar 6, 2019Amendment$639,241,378$24,562,858vs Mar 2, 20183SEC filing
Mar 1, 2019Amendment$639,241,378$24,562,858vs Mar 2, 20183SEC filing
Mar 2, 2018Amendment$614,678,520$24,621,977vs Mar 3, 20173SEC filing
Mar 3, 2017Amendment$590,056,543$63,898,445vs Mar 4, 20161SEC filing
Mar 4, 2016Amendment$526,158,098$130,020,000vs Mar 6, 20151SEC filing
Mar 6, 2015Amendment$396,138,098$38,520,000vs Feb 28, 20141SEC filing
Feb 28, 2014Amendment$357,618,098$18,475,000vs Mar 1, 20131SEC filing
Mar 1, 2013Amendment$339,143,098$127,875,000vs Mar 1, 20121SEC filing
Mar 1, 2012Amendment$211,268,098$33,975,000vs Mar 4, 20111SEC filing
Mar 4, 2011Amendment$177,293,098$75,666,500vs Mar 4, 20101SEC filing
Mar 4, 2010Amendment$101,626,598$26,210,000vs Mar 13, 20091SEC filing
Mar 13, 2009Amendment$75,416,598No comparisonNot reportedSEC filing
Mar 16, 2007PaperNot reportedNo comparisonNot reportedSEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-101131

Source: Form D, filed Mar 3, 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

STEELHEAD PATHFINDER MASTER, L.P.

Investment adviser: STEELHEAD PARTNERS,LLC

Gross asset value
$2.49B
Beneficial owners
172
ADV minimum commitment
$1M

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator MUFG FUND SERVICES (CAYMAN) LTD. GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE & TOUCHE GEORGE TOWN, Cayman Islands
Custodian BNP PARIBAS SECURITIES CORP. SAN FRANCISCO, California, United States Related to adviser: No
Custodian J.P. MORGAN CLEARING CORP. SAN FRANCISCO, California, United States Related to adviser: No
Custodian MORGAN STANLEY & CO. LLC SAN FRANCISCO, California, United States Related to adviser: No
Custodian WELLS FARGO SECURITIES, LLC SAN FRANCISCO, California, United States Related to adviser: No
Prime broker BNP PARIBAS SECURITIES CORP. SAN FRANCISCO, California, United States
Prime broker J.P. MORGAN CLEARING CORP. SAN FRANCISCO, California, United States
Prime broker MORGAN STANLEY & CO. LLC SAN FRANCISCO, California, United States
Prime broker WELLS FARGO SECURITIES, LLC SAN FRANCISCO, California, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

DELOITTE & TOUCHE
PCAOB 1096

BNP PARIBAS SECURITIES CORP.
SEC 8-32682

J.P. MORGAN CLEARING CORP.
SEC 8-43724

MORGAN STANLEY & CO. LLC
SEC 8-15869

WELLS FARGO SECURITIES, LLC
SEC 8-65876

BNP PARIBAS SECURITIES CORP.
CRD 15794 · SEC 8-32682

J.P. MORGAN CLEARING CORP.
CRD 28432 · SEC 8-43724

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

WELLS FARGO SECURITIES, LLC
CRD 126292 · SEC 8-65876

Filing source

Form ADV 2077223 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-5890769970

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
Brent Binge Executive
Aimee Hirata Executive
Grant Hulse Executive
J. Michael Johnston Executive, Promoter
James Michael Johnston Executive, Promoter
Nicholas Mc Farland Executive
Scott Schaefer Executive
Steelhead Partners, Llc Executive
Steelhead Pathfinder Gp, Llc Executive
Not Applicable Steelhead Pf Capital, Ltd. Executive, Promoter
Steelhead Pf Capital, Ltd. Executive
Paul Stevenson Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Maples Corporate Services Limited Ugland House, Po Box 309
Grand Cayman, E9, KY1-1104