Palo Alto Healthcare Fund II L P is a hedge fund based in Palo Alto, California. According to its most recent Form D, filed Feb 25, 2026, the fund has sold $597,746,018 of interests to 236 investors since its first sale in Jul 2006. The minimum investment it accepts from an outside investor is $1,000,000. 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 Anthony Yun; Pai LLC; Patrick Lee.
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
- $597,746,018Cumulative sales reported on Form D
- Investors
- 236
- First sale
- Jul 1, 2006
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Anthony Yun; Pai LLC; Patrick Lee
- Latest Form D
- Feb 25, 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 88% of the 1,051 hedge funds based in California, and more than 84% of all 10,157 that report sales.