-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 M71lvbqIlhT1Hqz2XAdi+VPB8S4+udJEVEYbBSW7mfvBb3AfWr3ck62bM2yIAEhB
 eltVHQCivwV2a6TTKr4JUw==

<SEC-DOCUMENT>0000947871-09-000235.txt : 20090317
<SEC-HEADER>0000947871-09-000235.hdr.sgml : 20090317
<ACCEPTANCE-DATETIME>20090316175256
ACCESSION NUMBER:		0000947871-09-000235
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20090317
DATE AS OF CHANGE:		20090316
EFFECTIVENESS DATE:		20090317

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SQUADRON ASIA PACIFIC FUND (OFFSHORE) LP
		CENTRAL INDEX KEY:			0001409265
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-107289
		FILM NUMBER:		09685778

	BUSINESS ADDRESS:	
		STREET 1:		C/O SQUADRON CAPITAL ADVISORS LTD,
		STREET 2:		4601, 46TH FLOOR, CHEUNG KONG CENTER
		CITY:			2 QUEENS RD CENTRAL, HONG KONG
		STATE:			F4
		ZIP:			00000
		BUSINESS PHONE:		852-2826-2000

	MAIL ADDRESS:	
		STREET 1:		C/O SQUADRON CAPITAL ADVISORS LTD,
		STREET 2:		4601, 46TH FLOOR, CHEUNG KONG CENTER
		CITY:			2 QUEENS RD CENTRAL, HONG KONG
		STATE:			F4
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0301</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001409265</cik>
        <entityName>SQUADRON ASIA PACIFIC FUND (OFFSHORE) LP</entityName>
        <issuerAddress>
            <street1>C/O SQUADRON CAPITAL ADVISORS LTD.</street1>
            <street2>46TH FLOOR, CHEUNG KONG CENTER</street2>
            <city>HONG KONG</city>
            <stateOrCountry>F4</stateOrCountry>
        </issuerAddress>
        <issuerPhoneNumber>+852-2826-2000</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>E9</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2006</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Joyce</firstName>
                <middleName></middleName>
                <lastName>Chiong</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>46th Floor, Cheung Kong Center</street1>
                <street2>2 Queen's Road Central</street2>
                <city>Hong Kong</city>
                <stateOrCountry>F4</stateOrCountry>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of Squadron Capital Partners Limited, as General Partner of Squadron Capital Asia Pacific GP, L.P. the General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-07-036843</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2007-02-28</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Limited Partnership Interests</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>5000000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Thomas Capital Group, Inc.</recipientName>
                <recipientCRDNumber>45180</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>4221 Harborview Drive</street1>
                    <street2>Suite 200</street2>
                    <city>Gig Harbor</city>
                    <stateOrCountry>WA</stateOrCountry>
                    <zipCode>98332</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Constellation Associates, LLC</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>c/o Corporation Services Company</street1>
                    <street2>2711 Centerville Road, Suite 400</street2>
                    <city>Wilmington</city>
                    <stateOrCountry>DE</stateOrCountry>
                    <zipCode>19808</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>260700000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>24</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>true</authorizedRepresentative>
            <signature>
                <issuerName>SQUADRON ASIA PACIFIC FUND (OFFSHORE), L.P.</issuerName>
                <signatureName>/s/ Joyce Chiong</signatureName>
                <nameOfSigner>Joyce Chiong</nameOfSigner>
                <signatureTitle>Authorized Person</signatureTitle>
                <signatureDate>2009-03-13</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----