SEC filing record
Primary Source · SEC.gov

Specialized Multifamily Partners U.S. Fund II, L.P.

Fund Vehicle2026 vintage506(b)
Latest signalNew Form D filerForm D · 2025-10-31Last filing 2025-10-31

Raised

$17M

Investors

16

Min Invest

None stated

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AltStreet Analysis

·

Generated from EDGAR primary sources

Specialized Multifamily Partners U.S. Fund II, L.P. is a Delaware pooled investment fund that filed an amended Form D on 2026-11-02 under the Rule 506(b) exemption, reporting $16.7M raised from 16 investors. The filing does not disclose a minimum investment amount or first sale date. BTG Pactual Asset Management US, LLC is listed as promoter, with Andres Gonzalez and Tyler Jamison named as executive officers; no parent platform has been matched in AltStreet's database.

This is a mid-sized 506(b) real estate-adjacent pooled fund (multifamily focus implied by name) raising under $20M from a small investor base, which is consistent with a privately-placed institutional or high-net-worth vehicle rather than a broadly marketed 506(c) offering. No minimum investment is disclosed on the filing, which is routine for Form D and does not indicate the fund's actual LPA-level minimum.

Data Flags

firstSaleDateFirst sale date is not disclosed despite the amendment reporting $16.7M already raised from 16 investors; this falls below the $100M threshold where omission is typically expected for large institutional funds.
industryGroupIndustry group is not specified on the filing despite the entity name indicating a multifamily real estate strategy.
relatedPersonsBTG Pactual Asset Management US, LLC, a large global asset manager, is listed as promoter, suggesting an institutional sub-advisory or distribution relationship not otherwise detailed in the filing.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002074622
Entity NameSpecialized Multifamily Partners U.S. Fund II, L.P.
ExemptionRule 506(b)
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.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Issuer Address7200 Wisconsin Avenue, Suite 840, Bethesda, MD 20814
Phone(301) 979-9151
Industry / Fund TypePooled Investment Fund · Private Equity Fund
Securities TypeEquity, Pooled Investment Fund
First Sale DateNot yet occurred (as filed)
Filing DateNovember 2, 2026
Accession Number0002074622-26-000001
Total Offering Amount$750,000,000
Total Amount Sold$16,734,000
Amount Remaining$750,000,000
Total Investors16
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationIntended to last more than one year
Sales Commissions$796,861 (to BTG Pactual US Capital LLC)
Finders' Fees$0
Revenue RangeDecline to Disclose
State (Issuer Address)MD
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 Oct 31, 2025

Critical / warning

0 / 0

0 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

pre_sale

Latest event New filer · Oct 31, 2025

SEC.gov
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Fund family Part of the Specialized Multifamily Partners U.S Fund family: 2 vehicles across 2 generations · 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
  • 1 filing event with values and deltas, latest 2025-10-31, and alerts on the next one
  • 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.

. Specialized Multifamily Partners Fund II GP, L.P.

Director · Bethesda, MD

. Specialized Multifamily Partners II GP, LLC

Director · Bethesda, MD

Andres Gonzalez

Executive Officer · Bethesda, MD

Tyler Jamison

Executive Officer · Bethesda, MD

. BTG Pactual Asset Management US, LLC

Promoter · Bethesda, MD

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

BTG Pactual US Capital LLCCRD 149486 on BrokerCheck

Associated broker-dealer: None · New York, NY · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NC, ND, NE, NH, NJ, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TX, UT, VT, WA, WI, WV, WY

Questions About Specialized Multifamily Partners U.S. Fund II, L.P.

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

What is Specialized Multifamily Partners U.S. Fund II, L.P.?

Specialized Multifamily Partners U.S. Fund II, L.P. is a Delaware limited partnership that filed a Form D with the SEC on October 31, 2025 as a private equity fund. The filing claims Rule 506(b) for an offering of equity and pooled investment fund interests.

Is Specialized Multifamily Partners U.S. Fund II, L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. Specialized Multifamily Partners U.S. Fund II, L.P. filed a Form D with the SEC on October 31, 2025 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. No sales had been reported as of that notice. 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 Specialized Multifamily Partners U.S. Fund II, L.P. 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 Specialized Multifamily Partners U.S. Fund II, L.P. claimed Rule 506(b) 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 Specialized Multifamily Partners U.S. Fund II, L.P. raised?

Specialized Multifamily Partners U.S. Fund II, L.P. reported that the first sale had not yet occurred as of the Form D filed October 31, 2025, so no amount sold or investor count is on file. The total offering amount is $750,000,000.

Who can invest in Specialized Multifamily Partners U.S. Fund II, L.P.?

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 reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in Specialized Multifamily Partners U.S. Fund II, L.P.?

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 Specialized Multifamily Partners U.S. Fund II, L.P. and how are they paid?

The Form D names BTG Pactual US Capital LLC (CRD 149486), associated with None as the recipient of sales compensation soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NC, ND, NE, NH, NJ, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TX, UT, VT, WA, WI, WV, WY. Sales commissions are reported as $796,861 and finders' fees as $0. Form D allows these to be estimates.

Who is behind Specialized Multifamily Partners U.S. Fund II, L.P.?

The Form D lists 5 related persons: Specialized Multifamily Partners Fund II GP, L.P., director (General Partner of the Issuer); Specialized Multifamily Partners GP, LLC, director (General Partner of the General Partner of the Issuer); Andres H. Gonzalez, executive officer; Tyler H. Jamison, executive officer; H. BTG Pactual Asset Management US, LLC, promoter. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Specialized Multifamily Partners U.S. Fund II, L.P. located?

The issuer's address on its SEC filings is 7200 Wisconsin Avenue, Suite 840, Bethesda, MD 20814. Its phone number of record is (301) 979-9151. It is organized under the laws of Delaware.

How long is the Specialized Multifamily Partners U.S. Fund II, L.P. offering open?

The issuer indicated that the offering is 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 Specialized Multifamily Partners U.S. Fund II, L.P.?

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.