SEC filing record
Primary Source · SEC.gov

Heartland Energy Fund II, LLC

Fund Vehicle2024 vintage506(c)
Latest signalNew Form D filerForm D · 2024-02-21Last filing 2024-02-21

Raised

$450K

Investors

2

Min Invest

$50,000

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AltStreet Analysis

·

Generated from EDGAR primary sources

Heartland Energy Fund II, LLC is a North Dakota-incorporated alternative investment vehicle filing under Rule 506(c). As of February 2024, the fund had raised $450,000 from 2 investors with a $50,000 minimum investment. Executive officer Levi Olsen is the listed related person; no parent platform or related entities are currently matched in the AltStreet database.

This 506(c) offering falls in the lower middle tier of alternative investments with a $50,000 minimum, accessible to verified accredited investors through general solicitation. The $450,000 raise from 2 investors ($225K average check) and energy sector focus suggest an early-stage or emerging manager fund vehicle in the natural resources space.

Data Flags

generalNorth Dakota domicile is uncommon for alternative investment funds, though consistent with energy sector focus in regional oil and gas operations
sales_compensationNo sales commissions stated on a 506(c) general solicitation offering, which typically involves broker-dealer or marketing compensation

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002012798
Entity NameHeartland Energy Fund II, LLC
ExemptionRule 506(c)
What the exemption meansRule 506(c) of Regulation D: the issuer may advertise the offering publicly, but every purchaser must be a verified accredited investor.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationNorth Dakota
Issuer Address1110 College Dr., Ste 212, Bismarck, ND 58501
Phone(720) 465-4452
Industry / Fund TypeOil and Gas
Securities TypeEquity
First Sale Date—
Filing DateFebruary 21, 2024
Accession Number0002012798-24-000001
Total Offering Amount$25,000,000
Total Amount Sold$450,000
Amount Remaining$24,550,000
Total Investors2
Non-Accredited InvestorsNone
Minimum Investment$50,000
Offering DurationOne year or less
Sales Commissions$0
Finders' Fees$0
Revenue Range$5,000,001 - $25,000,000
State (Issuer Address)ND
Amendment CountOriginal filing only

Filings on Record

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

In the Terminal

Filing events

1

latest Feb 21, 2024

Critical / warning

0 / 0

0 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

lapsed

Latest event New filer · Feb 21, 2024

SEC.gov
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Investor

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  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

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

Levi Olsen

Executive Officer · Bismarck, ND

Questions About Heartland Energy 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 Heartland Energy Fund II, LLC?

Heartland Energy Fund II, LLC is a North Dakota limited liability company that filed a Form D with the SEC on February 21, 2024 in the Oil and Gas industry group. The filing claims Rule 506(c) for an offering of equity.

Is Heartland Energy Fund II, LLC legit?

AltStreet does not rate legitimacy; it reports the public record. Heartland Energy Fund II, LLC filed a Form D with the SEC on February 21, 2024 claiming Rule 506(c). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $450,000 sold to 2 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. 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 Heartland Energy 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 Heartland Energy Fund II, LLC claimed Rule 506(c) 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 Heartland Energy Fund II, LLC raised?

Heartland Energy Fund II, LLC reported $450,000 sold from 2 investors of a $25,000,000 total offering as of the Form D filed February 21, 2024.

Who can invest in Heartland Energy Fund II, LLC?

The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000.

What is the minimum investment in Heartland Energy Fund II, LLC?

The Form D lists $50,000 as the minimum investment accepted from any outside investor as of February 21, 2024. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling Heartland Energy 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. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind Heartland Energy Fund II, LLC?

The Form D lists 1 related person: Levi Olsen, executive officer (Levi Olsen is the Managing Member of Heartland Energy Fund Management,LLC and Heartland Energy Fund Management, LLC is the Managing Member of Heartland Energy Fund II, LLC). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Heartland Energy Fund II, LLC located?

The issuer's address on its SEC filings is 1110 College Dr., Ste 212, Bismarck, ND 58501. Its phone number of record is 7204654452. It is organized under the laws of North Dakota.

How long is the Heartland Energy 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.

What is Heartland Energy Fund II, LLC's revenue?

The Form D reports a revenue range of $5,000,001 - $25,000,000.

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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.