Raised
$70M
Investors
15
Min Invest
$100,000
Is this your company or fund? Claim this page free.
AltStreet Analysis
·Generated from EDGAR primary sources
Legalist DIP Fund II, LP is a litigation finance fund vehicle that raised $69.5M from 15 accredited investors with a $100K minimum investment, filed August 3, 2022. The fund is managed by Legalist DIP GP II, LLC with Eva Shang as executive officer, and is part of the Legalist platform, which operates 6 EDGAR-registered entities focused on litigation finance and government receivables. First sale date was not disclosed in this filing.
This litigation finance fund falls into the mid-tier institutional range with a $100K minimum, typical for alternative legal investment vehicles targeting accredited investors. The $4.6M average check size across 15 investors suggests a concentrated investor base, consistent with specialized alternative asset funds in the litigation finance category.
Data Flags
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
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
Fund family Part of the Legalist DIP Fund family: 2 vehicles across 2 generations · adviser of record Legalist · 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
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
- The same events, statements and NAV moves across every issuer, screenable, with unlimited watches and CSV
Counts and dates above are the free record. The values, the series and the comparisons are the seat. Loading your view…
Adviser of Record (Form ADV)
CRD 297876 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity fund
Auditor named on Form ADV: PKF O'Connor Davies · 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 Legalist DIP GP II, LLC
Executive Officer · Stateline, NV
Eva Shang
Executive Officer · Stateline, NV
n/a Legalist, Inc.
Executive Officer · Stateline, NV
Questions About Legalist DIP 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 Legalist DIP Fund II, LP?
Legalist DIP Fund II, LP is a Delaware limited partnership that filed a Form D with the SEC on August 3, 2022 as a other investment fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests. AltStreet links the issuer to Legalist.
Is Legalist DIP Fund II, LP legit?
AltStreet does not rate legitimacy; it reports the public record. Legalist DIP Fund II, LP filed a Form D with the SEC on August 3, 2022 claiming Rule 506(b), Section 3(c), 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 $69,500,000 sold to 15 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to Legalist, 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 Legalist DIP 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 Legalist DIP Fund II, LP claimed Rule 506(b), Section 3(c), 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 Legalist DIP Fund II, LP raised?
Legalist DIP Fund II, LP reported $69,500,000 sold from 15 investors of a $250,000,000 total offering as of the Form D filed August 3, 2022.
Who can invest in Legalist DIP 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. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $100,000.
What is the minimum investment in Legalist DIP Fund II, LP?
The Form D lists $100,000 as the minimum investment accepted from any outside investor as of August 3, 2022. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling Legalist DIP 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 Legalist DIP Fund II, LP?
The Form D lists 3 related persons: Legalist DIP GP II, LLC, executive officer (The General Partner of the Issuer); Eva Shang, executive officer (The Manager of Legalist DIP GP II, LLC, the General Partner of the Issuer); Legalist, Inc., executive officer (The Investment Adviser of the Issuer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Legalist DIP Fund II, LP located?
The issuer's address on its SEC filings is C/O Legalist, Inc., 195 Hwy. 50, No. 7172-210, Stateline, NV 89449. Its phone number of record is 415-570-7878. It is organized under the laws of Delaware.
How long is the Legalist DIP 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 Legalist DIP Fund II, LP?
The issuer declined to disclose its net asset value range on the Form D, which the form permits.
Is this your company or fund?
Free claim: add your contact details, website, team and a description to this page. The filed facts stay as filed.
Platform verification: the separate analyst-reviewed program for platforms, with right of reply and a document library.
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.