NEXTBio Fund Ltd.
NEXTBio Fund Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jul 10, 2026, the fund has sold $1,900,000 of interests to 2 investors since its first sale in Nov 2024. The minimum investment it accepts from an outside investor is $100,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include NEXTBio Capital Management LP; Julie Hughes; Ky Phan.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $1,900,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Nov 1, 2024
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- NEXTBio Capital Management LP; Julie Hughes; Ky Phan
- Latest Form D
- Jul 10, 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 NEXTBio Fund Ltd.
What is the minimum investment for NEXTBio Fund Ltd.?
According to its latest Form D, filed Jul 10, 2026, the minimum investment NEXTBio Fund Ltd. accepts from an outside investor is $100,000.
Who can invest in NEXTBio Fund Ltd.?
NEXTBio 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 NEXTBio Fund Ltd. raised?
NEXTBio Fund Ltd. reports $1,900,000 sold from 2 investors on its Form D filed Jul 10, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is NEXTBio Fund Ltd. based?
NEXTBio Fund Ltd. is based in Grand Cayman, Cayman Islands and is managed by Nextbio Capital Management LP.
When did NEXTBio Fund Ltd. launch?
NEXTBio Fund Ltd. reports its first sale in Nov 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 15% of the 2,363 hedge funds based in Cayman Islands, and more than 8% of all 10,308 that report sales.