SEC filing record
Primary Source · SEC.gov
1 Data Flags

BURFORD ALTERNATIVE INCOME FUND II LP

Fund Vehicle2022 vintage

Raised

$303M

Investors

7

Min Invest

None stated

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AltStreet Analysis

·

Generated from EDGAR primary sources

Burford Alternative Income Fund II LP is a litigation finance fund that filed an original Form D on May 26, 2022, reporting $303.0 million raised from 7 investors with no stated minimum investment. The fund is managed by Burford Capital Investment Management LLC and is part of the Burford Capital platform, a known litigation finance specialist. The filing does not disclose exemption type or first sale date.

This litigation finance fund represents a large institutional-scale raise with an exceptionally high average ticket size (~$43.3 million per investor) and no stated minimum, consistent with limited partner structures targeting sophisticated institutional capital. The lack of disclosed exemption type is unusual but may reflect a pre-filing administrative omission.

Data Flags

exemptionNo exemption type specified in filing
firstSaleDateFirst sale date not disclosed despite reporting $303M already sold
investorCountOnly 7 investors for $303M raise yields average check size of ~$43.3M, indicating highly concentrated institutional capital
securitiesTypeSecurities type not specified in filing

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001930272
Entity NameBURFORD ALTERNATIVE INCOME FUND II LP
ExemptionRule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(1) of the Investment Company Act: the fund is excluded from investment-company registration because it has no more than 100 beneficial owners. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Issuer Address353 N Clark Street, Suite 2700, Chicago, IL 60654
Phone(312) 819-2950
Industry / Fund TypePooled Investment Fund · Private Equity Fund
Investment Company ActExcluded under Section 3(c)(1) (100 beneficial owners or fewer) and Section 3(c)(7) (qualified purchasers only) (both boxes checked on the filing)
Securities Type—
First Sale DateMay 26, 2022
Filing DateMay 26, 2022
Accession Number0001405086-22-000169
Total Offering Amount$350,000,000
Total Amount Sold$303,000,000
Amount Remaining$47,000,000
Total Investors7
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationOne year or less
Revenue RangeDecline to Disclose
State (Issuer Address)IL
Amendment CountOriginal filing only

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

AltStreet Coverage

Original reporting from AltStreet's daily EDGAR monitoring covering Burford Capital and its filings.

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In the Terminal

Filing events

0

none on file

Critical / warning

0 / 0

0 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

lapsed

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Fund family Part of the Burford Alternative Income Fund family: 3 vehicles across 1 generation · adviser of record Burford Capital Investment Management LLC · full family and the filing behind each link in the terminal

Investor

  • The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
  • The dated record: 10 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Adviser of Record (Form ADV)

Burford Capital Investment Management LLC

CRD 167365 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity fund

Auditor named on Form ADV: Kpmg LLP · PCAOB-registered per the adviser

From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

N/A BURFORD ALTERNATIVE INCOME FUND II GP LP

Executive Officer · Chicago, IL

N/A BURFORD CAPITAL INVESTMENT MANAGEMENT LLC

Promoter · Chicago, IL

AVIVA WILL

Executive Officer · Chicago, IL

Questions About BURFORD ALTERNATIVE INCOME FUND II LP

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is BURFORD ALTERNATIVE INCOME FUND II LP?

BURFORD ALTERNATIVE INCOME FUND II LP is a Delaware limited partnership that filed a Form D with the SEC on May 26, 2022 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) for an offering of equity and pooled investment fund interests. AltStreet links the issuer to Burford Capital.

Is BURFORD ALTERNATIVE INCOME FUND II LP legit?

AltStreet does not rate legitimacy; it reports the public record. BURFORD ALTERNATIVE INCOME FUND II LP filed a Form D with the SEC on May 26, 2022 claiming Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $303,000,000 sold to 7 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to Burford Capital, which AltStreet has reviewed. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is BURFORD ALTERNATIVE INCOME FUND II LP registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that BURFORD ALTERNATIVE INCOME FUND II LP claimed Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has BURFORD ALTERNATIVE INCOME FUND II LP raised?

BURFORD ALTERNATIVE INCOME FUND II LP reported $303,000,000 sold from 7 investors of a $350,000,000 total offering as of the Form D filed May 26, 2022.

Who can invest in BURFORD ALTERNATIVE INCOME FUND II LP?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing checks both Section 3(c)(1), which caps the fund at 100 beneficial owners, and Section 3(c)(7), which requires every investor to be a qualified purchaser, generally an individual with at least $5 million in investments. A fund normally relies on one or the other. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in BURFORD ALTERNATIVE INCOME FUND II LP?

The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.

Who is selling BURFORD ALTERNATIVE INCOME FUND II LP and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly.

Who is behind BURFORD ALTERNATIVE INCOME FUND II LP?

The Form D lists 3 related persons: BURFORD ALTERNATIVE INCOME FUND II GP LP, executive officer (GENERAL PARTNER OF THE ISSUERS); BURFORD CAPITAL INVESTMENT MANAGEMENT LLC, promoter (INVESTMENT MANAGER OF THE ISSUERS); AVIVA WILL, executive officer (AUTHORIZED PERSON ON BEHALF OF THE ISSUERS' GENERAL PARTNER). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is BURFORD ALTERNATIVE INCOME FUND II LP located?

The issuer's address on its SEC filings is 353 N Clark Street, Suite 2700, Chicago, IL 60654. Its phone number of record is 312-819-2950. It is organized under the laws of Delaware.

How long is the BURFORD ALTERNATIVE INCOME FUND II LP offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

How large is BURFORD ALTERNATIVE INCOME FUND II LP?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.