DAFNA Fund LP
DAFNA Fund LP is a hedge fund based in Los Angeles, California. According to its most recent Form D, filed Mar 30, 2026, the fund has sold $278,776,365 of interests to 44 investors since its first sale in Jan 2004. The minimum investment it accepts from an outside investor is $1,000,000. 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 Fariba Ghodsian; Nathan Fischel.
Performance
No verified returns have been reported for this fund. As a rough guide, Dafna Capital Management, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +33.7% 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 +71.9% (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
- $278,776,365Cumulative sales reported on Form D
- Investors
- 44
- First sale
- Jan 1, 2004
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- Over $100,000,000Self-reported
- Key people and entities
- Fariba Ghodsian; Nathan Fischel
- Latest Form D
- Mar 30, 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 DAFNA Fund LP
What is the minimum investment for DAFNA Fund LP?
According to its latest Form D, filed Mar 30, 2026, the minimum investment DAFNA Fund LP accepts from an outside investor is $1,000,000.
Who can invest in DAFNA Fund LP?
DAFNA Fund LP 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 DAFNA Fund LP raised?
DAFNA Fund LP reports $278,776,365 sold from 44 investors on its Form D filed Mar 30, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is DAFNA Fund LP based?
DAFNA Fund LP is based in Los Angeles, California and is managed by Dafna Capital Management, LLC.
When did DAFNA Fund LP launch?
DAFNA Fund LP reports its first sale in Jan 2004.
Size compared with every hedge fund
Raised more than 81% of the 1,060 hedge funds based in California, and more than 74% of all 10,308 that report sales.