Magnetar Healthcare Fund LLC
Magnetar Healthcare Fund LLC is a hedge fund based in Evanston, Illinois. According to its most recent Form D, filed Nov 14, 2024, the fund has sold $119,289,849 of interests to 24 investors since its first sale in Nov 2021. The filing does not set a minimum investment. 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 Michael Turro; Magnetar Financial LLC; David Snyderman.
Performance
No verified returns have been reported for this fund. As a rough guide, Magnetar Financial LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +20.4% 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 +86.6% (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
- $119,289,849Cumulative sales reported on Form D
- Investors
- 24
- First sale
- Nov 1, 2021
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Michael Turro; Magnetar Financial LLC; David Snyderman
- Latest Form D
- Nov 14, 2024
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 Magnetar Healthcare Fund LLC
What is the minimum investment for Magnetar Healthcare Fund LLC?
Magnetar Healthcare Fund LLC's latest Form D, filed Nov 14, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Magnetar Healthcare Fund LLC?
Magnetar Healthcare Fund LLC 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 Magnetar Healthcare Fund LLC raised?
Magnetar Healthcare Fund LLC reports $119,289,849 sold from 24 investors on its Form D filed Nov 14, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Magnetar Healthcare Fund LLC based?
Magnetar Healthcare Fund LLC is based in Evanston, Illinois and is managed by Magnetar Financial LLC.
When did Magnetar Healthcare Fund LLC launch?
Magnetar Healthcare Fund LLC reports its first sale in Nov 2021.
Size compared with every hedge fund
Raised more than 72% of the 323 hedge funds based in Illinois, and more than 61% of all 10,308 that report sales.