Raised
$1M
Investors
6
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
Westwood Legalist DIP Fund II, LLC is a litigation finance vehicle filed by Westwood Advisors LLC and Westwood Alternative Opportunities, LLC that raised $1.4M from 6 investors with no stated minimum investment under Rule 506(b). This entity is part of the Legalist platform, which operates multiple litigation finance funds including a related $69.5M Legalist DIP Fund II, LP. First sale date was not disclosed in this filing.
This filing represents a modest-sized litigation finance vehicle within the Legalist fund family, which specializes in debtor-in-possession (DIP) financing and litigation-backed investments. The $0 stated minimum investment and 506(b) exemption suggest a pre-existing investor base, contrasting with typical institutional-focused litigation finance offerings that carry high minimums ($250K+).
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
Investor
- The dated record: 8 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)
CRD 132162 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity fund
Auditor named on Form ADV: Sanville & Company · 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.
- Westwood Advisors LLC
Executive Officer · Dallas, TX
- Westwood Alternative Opportunities, LLC
Executive Officer · Dallas, TX
Leah Bennett
Executive Officer · Dallas, TX
Questions About Westwood Legalist DIP Fund II, LLC
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Westwood Legalist DIP Fund II, LLC?
Westwood Legalist DIP Fund II, LLC is a Delaware limited liability company that filed a Form D with the SEC on July 13, 2023 as a private equity 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 Westwood Legalist DIP Fund II, LLC legit?
AltStreet does not rate legitimacy; it reports the public record. Westwood Legalist DIP Fund II, LLC filed a Form D with the SEC on July 13, 2023 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 $1,425,000 sold to 6 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 Westwood Legalist DIP Fund II, LLC 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 Westwood Legalist DIP Fund II, LLC 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 Westwood Legalist DIP Fund II, LLC raised?
Westwood Legalist DIP Fund II, LLC reported $1,425,000 sold from 6 investors in an offering of indefinite size as of the Form D filed July 13, 2023.
Who can invest in Westwood Legalist DIP Fund II, LLC?
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 filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in Westwood Legalist DIP Fund II, LLC?
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 Westwood Legalist DIP Fund II, LLC 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 Westwood Legalist DIP Fund II, LLC?
The Form D lists 3 related persons: Westwood Advisors LLC, executive officer (Manager of Issuer); Westwood Alternative Opportunities, LLC, executive officer (Parent LLC); Leah R Bennett, executive officer (President of Manager of Issuer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Westwood Legalist DIP Fund II, LLC located?
The issuer's address on its SEC filings is 200 Crescent Court, Suite 1200, Dallas, TX 75201. Its phone number of record is 2147566919. It is organized under the laws of Delaware.
How long is the Westwood Legalist DIP Fund II, LLC 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 Westwood Legalist DIP Fund II, LLC?
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.