Magnetar Healthcare Fund Ltd
Magnetar Healthcare Fund Ltd is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Dec 13, 2024, the fund has sold $534,600,800 of interests to 17 investors since its first sale in Jun 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 Magnetar Financial LLC; David Snyderman; Michael Turro.
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
- $534,600,800Cumulative sales reported on Form D
- Investors
- 17
- First sale
- Jun 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
- Magnetar Financial LLC; David Snyderman; Michael Turro
- Latest Form D
- Dec 13, 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 Ltd
What is the minimum investment for Magnetar Healthcare Fund Ltd?
Magnetar Healthcare Fund Ltd's latest Form D, filed Dec 13, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Magnetar Healthcare Fund Ltd?
Magnetar Healthcare 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 Magnetar Healthcare Fund Ltd raised?
Magnetar Healthcare Fund Ltd reports $534,600,800 sold from 17 investors on its Form D filed Dec 13, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Magnetar Healthcare Fund Ltd based?
Magnetar Healthcare Fund Ltd is based in Grand Cayman, Cayman Islands and is managed by Magnetar Financial LLC.
When did Magnetar Healthcare Fund Ltd launch?
Magnetar Healthcare Fund Ltd reports its first sale in Jun 2021.
Size compared with every hedge fund
Raised more than 76% of the 2,363 hedge funds based in Cayman Islands, and more than 83% of all 10,308 that report sales.