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SEC filing record
Primary Source · SEC.gov

Distressed Credit Opportunities (Offshore) Fund II, L.P.

Feeder Fund2026 vintage506(b), 3(c)
Latest signalNew Form D filerForm D · 2025-11-04Last filing 2025-11-04

Raised

$20M

Investors

1

Min Invest

$500,000

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AltStreet Analysis

·

Generated from EDGAR primary sources

Distressed Credit Opportunities (Offshore) Fund II, L.P. is a Cayman Islands-domiciled pooled investment fund filed as a Form D amendment, raising $20.0M from a single investor at a $500K minimum investment, under combined 506(b) and 3(c) exemptions. The filing lists 50 South Capital Advisors, LLC as executive officer/manager alongside a GP promoter entity (Distressed Credit Opportunities Fund II GP, L.P.); no parent platform match or related sibling entities were found in available records.

This is a private pooled investment vehicle using the standard 506(b)/3(c) exemption pairing common to institutional credit funds, with a $500K minimum investment typical of qualified-purchaser-oriented offerings. The offshore (Cayman Islands) structure alongside a single reported investor suggests this may function as a feeder vehicle within a larger fund complex rather than a standalone retail-facing offering.

Data Flags

total_investorsEntire $20.0M raise attributed to a single investor, consistent with an anchor investor or early/initial closing rather than a broadly syndicated raise.
first_sale_dateFirst sale date is not disclosed on an amendment for a raise under $100M; this falls outside the typical pattern where missing first-sale dates are expected only for large institutional (>$100M) filings.
state_of_incorporationEntity is organized in the Cayman Islands, indicating an offshore feeder or parallel fund structure filing a U.S. Form D.
exemptionFiling claims both 506(b) and 3(c) exemptions simultaneously, a common but notable combination for private pooled funds.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002094284
Entity NameDistressed Credit Opportunities (Offshore) Fund II, L.P.
ExemptionRule 506(b), Section 3(c), 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)(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 TypeOther
Jurisdiction of OrganizationCayman Islands
Issuer Address50 South Lasalle Street, Chicago, IL 60603
Phone(312) 630-6000
Industry / Fund TypePooled Investment Fund · Hedge Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypePooled Investment Fund
First Sale Date—
Filing DateNovember 4, 2026
Accession Number0000905148-26-004643
Total Offering AmountIndefinite
Total Amount Sold$20,000,000
Total Investors1
Non-Accredited InvestorsNone
Minimum Investment$500,000
Offering DurationIntended to last more than one year
Sales Commissions$0
Finders' Fees$0
Net Asset Value RangeDecline to Disclose
State (Issuer Address)E9
Amendment CountOriginal filing only

Filings on Record

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

DNovember 4, 2025

In the Terminal

Filing events

1

latest Nov 4, 2025

Critical / warning

0 / 0

0 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

raising

Latest event New filer · Nov 4, 2025

SEC.gov
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Fund family Part of the Distressed Credit Opportunities Fund family: 4 vehicles across 1 generation · 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 2025-11-04, and alerts on the next one
  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Adviser of Record (Form ADV)

50 South Capital Advisors, LLC

CRD 174762 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a hedge fund

Auditor named on Form ADV: Deloitte & Touche 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 Distressed Credit Opportunities Fund II GP, L.P.

Promoter · Chicago, IL

n/a 50 South Capital Advisors, LLC

Executive Officer · Chicago, IL

Robert Morgan

Executive Officer · Chicago, IL

Tristan Thomas

Executive Officer · Chicago, IL

Questions About Distressed Credit Opportunities (Offshore) 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 Distressed Credit Opportunities (Offshore) Fund II, L.P.?

Distressed Credit Opportunities (Offshore) Fund II, L.P. is a Cayman Islands entity that filed a Form D with the SEC on November 4, 2025 as a hedge fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests.

Is Distressed Credit Opportunities (Offshore) Fund II, L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. Distressed Credit Opportunities (Offshore) Fund II, L.P. filed a Form D with the SEC on November 4, 2025 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 $20,000,000 sold to 1 investor. 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 Distressed Credit Opportunities (Offshore) 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 Distressed Credit Opportunities (Offshore) Fund II, L.P. 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 Distressed Credit Opportunities (Offshore) Fund II, L.P. raised?

Distressed Credit Opportunities (Offshore) Fund II, L.P. reported $20,000,000 sold from 1 investor in an offering of indefinite size as of the Form D filed November 4, 2025.

Who can invest in Distressed Credit Opportunities (Offshore) 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. 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 $500,000.

What is the minimum investment in Distressed Credit Opportunities (Offshore) Fund II, L.P.?

The Form D lists $500,000 as the minimum investment accepted from any outside investor as of November 4, 2025. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling Distressed Credit Opportunities (Offshore) Fund II, L.P. 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 Distressed Credit Opportunities (Offshore) Fund II, L.P.?

The Form D lists 4 related persons: Distressed Credit Opportunities Fund II GP, L.P., promoter (General Partner); 50 South Capital Advisors, LLC, executive officer (Management Company); Robert P. Morgan, executive officer; Tristan L. Thomas, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Distressed Credit Opportunities (Offshore) Fund II, L.P. located?

The issuer's address on its SEC filings is 50 South Lasalle Street, Chicago, IL 60603. Its phone number of record is 312-630-6000. It is organized under the laws of Cayman Islands.

How long is the Distressed Credit Opportunities (Offshore) 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 Distressed Credit Opportunities (Offshore) Fund II, L.P.?

The issuer declined to disclose its net asset value 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.