In situ transmission electron microscopy (TEM) and locally resolved, energy dispersive x-ray spectroscopy (EDX) were employed to investigate the nucleation, growth, and composition of individual $\mathrm{Pd}\ensuremath{-}\mathrm{Au}$ alloy particles on highly oriented, pyrolithic graphite (HOPG). At substrate temperatures up to $480\phantom{\rule{0.2em}{0ex}}\ifmmode^\circ\else\textdegree\fi{}\mathrm{C}$, the condensation coefficient of Au is very low on defect free substrate areas, while that of Pd is much greater. During simultaneous deposition of the components, condensation of Au was enhanced by the presence of Pd, and the composition of individual alloy particles was found to vary with size, as well as with the size of the respective capture area. Simulations of the kinetics of adatom diffusion and capture allowed us to determine the ratio of the adatom mean walk distances before desorption ${\ensuremath{\lambda}}_{\mathrm{Pd}}∕{\ensuremath{\lambda}}_{\mathrm{Au}}$ to about 3.4. Based on an extrapolated estimate from earlier work of ${\ensuremath{\lambda}}_{\mathrm{Au}}=2.9\phantom{\rule{0.3em}{0ex}}\mathrm{nm}$, this would result in ${\ensuremath{\lambda}}_{\mathrm{Pd}}=9.9\phantom{\rule{0.3em}{0ex}}\mathrm{nm}$ at $480\phantom{\rule{0.2em}{0ex}}\ifmmode^\circ\else\textdegree\fi{}\mathrm{C}$.