Krensavage Offshore Fund, Ltd.
Krensavage Offshore Fund, Ltd. is a hedge fund based in New York, New York. According to its most recent Form D, filed Sep 9, 2026, the fund has sold $202,450,479 of interests to 76 investors since its first sale in May 2014. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Krensavage Asset Management, LLC; Michael Krensavage.
Performance
No verified returns have been reported for this fund. As a rough guide, Krensavage Asset Management, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +6.4% 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 +84.9% (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
- $202,450,479Cumulative sales reported on Form D
- Investors
- 76
- First sale
- May 1, 2014
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Krensavage Asset Management, LLC; Michael Krensavage
- Latest Form D
- Sep 9, 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 Krensavage Offshore Fund, Ltd.
What is the minimum investment for Krensavage Offshore Fund, Ltd.?
According to its latest Form D, filed Sep 9, 2026, the minimum investment Krensavage Offshore Fund, Ltd. accepts from an outside investor is $100,000.
Who can invest in Krensavage Offshore Fund, Ltd.?
Krensavage Offshore Fund, Ltd. is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Krensavage Offshore Fund, Ltd. raised?
Krensavage Offshore Fund, Ltd. reports $202,450,479 sold from 76 investors on its Form D filed Sep 9, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Krensavage Offshore Fund, Ltd. based?
Krensavage Offshore Fund, Ltd. is based in New York, New York and is managed by Krensavage Asset Management, LLC.
When did Krensavage Offshore Fund, Ltd. launch?
Krensavage Offshore Fund, Ltd. reports its first sale in May 2014.
Size compared with every hedge fund
Raised more than 66% of the 2,544 hedge funds based in New York, and more than 69% of all 10,308 that report sales.