-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 KnCHAb0lpgD13NhOg+JCBGsZHJM5e2fq0SGpcU+H6eB890tyspOBjWfXnx81dgoP
 caakN0Cw1amKknfvn9dCjw==

<SEC-DOCUMENT>0001398989-10-000002.txt : 20100208
<SEC-HEADER>0001398989-10-000002.hdr.sgml : 20100208
<ACCEPTANCE-DATETIME>20100208171435
ACCESSION NUMBER:		0001398989-10-000002
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100208
DATE AS OF CHANGE:		20100208
EFFECTIVENESS DATE:		20100208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tessera Offshore Fund Ltd
		CENTRAL INDEX KEY:			0001398810
		IRS NUMBER:				980516416
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-102814
		FILM NUMBER:		10581693

	BUSINESS ADDRESS:	
		STREET 1:		3033 EAST 1ST AVE SUITE 307
		CITY:			Denver
		STATE:			CO
		ZIP:			80206
		BUSINESS PHONE:		303 394 0101

	MAIL ADDRESS:	
		STREET 1:		3033 EAST 1ST AVE SUITE 307
		CITY:			Denver
		STATE:			CO
		ZIP:			80206
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001398810</cik>
        <entityName>Tessera Offshore Fund Ltd</entityName>
        <issuerAddress>
            <street1>3033 EAST 1ST AVENUE</street1>
            <street2>SUITE 307</street2>
            <city>DENVER</city>
            <stateOrCountry>CO</stateOrCountry>
            <zipCode>80206</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>303-394-0101</issuerPhoneNumber>
        <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2006</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>ROBERT</firstName>
                <lastName>AMMANN</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3033 EAST 1ST AVENUE</street1>
                <street2>SUITE 307</street2>
                <city>DENVER</city>
                <stateOrCountry>CO</stateOrCountry>
                <zipCode>80206</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of general partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>KEVIN</firstName>
                <lastName>SONNETT</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3033 EAST 1ST AVENUE</street1>
                <street2>SUITE 307</street2>
                <city>DENVER</city>
                <stateOrCountry>CO</stateOrCountry>
                <zipCode>80206</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of general partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>RK</firstName>
                <lastName>CAPITAL MANAGEMENT, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3033 EAST 1ST AVENUE</street1>
                <street2>SUITE 307</street2>
                <city>DENVER</city>
                <stateOrCountry>CO</stateOrCountry>
                <zipCode>80206</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General partner</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>$5,000,001 - $25,000,000</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001398810-09-000004</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2007-04-24</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>500000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>156037500</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>31</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>We may engage finders to assist in the offering of interests in the Funds, and we may pay these entities cash or a portion of the fees the referred investors pay.  Fees to finders are based on advisory and performance fees earned.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>RK Capital Management, the general partner, may be entitled to receive a performance allocation and will be entitled to receive a monthly management fee. The performance allocation and management fee are discussed in detail in the offering materials.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Tessera Offshore Fund Ltd</issuerName>
                <signatureName>Scott A. Bennewitz</signatureName>
                <nameOfSigner>Scott Bennewitz</nameOfSigner>
                <signatureTitle>Chief Compliance Officer</signatureTitle>
                <signatureDate>2010-02-08</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----