PFM Healthcare Offshore Fund LTD
PFM Healthcare Offshore Fund LTD is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Oct 13, 2026, the fund has sold $1,894,125,635 of interests to 517 investors since its first sale in Aug 2006. The minimum investment it accepts from an outside investor is $2,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include PFM Health Sciences, LP; Wendy Beer; Christopher Bowring.
Performance
No verified returns have been reported for this fund. As a rough guide, PFM Health Sciences, LP, which manages it, disclosed U.S. stock holdings that returned an estimated +17.1% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +41.4% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $1,894,125,635Cumulative sales reported on Form D
- Investors
- 517
- First sale
- Aug 1, 2006
- Minimum investment
- $2,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- PFM Health Sciences, LP; Wendy Beer; Christopher Bowring
- Latest Form D
- Oct 13, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about PFM Healthcare Offshore Fund LTD
What is the minimum investment for PFM Healthcare Offshore Fund LTD?
According to its latest Form D, filed Oct 13, 2026, the minimum investment PFM Healthcare Offshore Fund LTD accepts from an outside investor is $2,000,000.
Who can invest in PFM Healthcare Offshore Fund LTD?
PFM Healthcare Offshore Fund LTD is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has PFM Healthcare Offshore Fund LTD raised?
PFM Healthcare Offshore Fund LTD reports $1,894,125,635 sold from 517 investors on its Form D filed Oct 13, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is PFM Healthcare Offshore Fund LTD based?
PFM Healthcare Offshore Fund LTD is based in San Francisco, California and is managed by PFM Health Sciences, LP.
When did PFM Healthcare Offshore Fund LTD launch?
PFM Healthcare Offshore Fund LTD reports its first sale in Aug 2006.
Size compared with every hedge fund
Raised more than 95% of the 1,060 hedge funds based in California, and more than 95% of all 10,308 that report sales.