Ikarian Healthcare Offshore Fund, Ltd. is a hedge fund based in Dallas, Texas. According to its most recent Form D, filed Jan 23, 2026, the fund has sold $217,456,216 of interests to 102 investors since its first sale in Feb 2018. 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. Related persons named in the filing include Sophia Dilbert; Neil Shahrestani; Joe Hardiman.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $217,456,216Cumulative sales reported on Form D
- Investors
- 102
- First sale
- Feb 1, 2018
- 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
- Sophia Dilbert; Neil Shahrestani; Joe Hardiman
- Latest Form D
- Jan 23, 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 HedgeMountain 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
Size compared with every hedge fund
Raised more than 81% of the 668 hedge funds based in Texas, and more than 70% of all 10,157 that report sales.