Toronado Offshore Fund, Ltd
Toronado Offshore Fund, Ltd is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Sep 2, 2026, the fund has sold $295,260,379 of interests to 61 investors since its first sale in May 2016. 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 Michele Clifford; Toronado Partners LLC; John Perkins.
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
- $295,260,379Cumulative sales reported on Form D
- Investors
- 61
- First sale
- May 1, 2016
- 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
- Michele Clifford; Toronado Partners LLC; John Perkins
- Latest Form D
- Sep 2, 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 82% of the 1,051 hedge funds based in California, and more than 75% of all 10,157 that report sales.