TPG Japan Realty Value Fund II-B, L.P. 2026: Is It Legit? Form D Raise, Investors, Who Is Behind It

Q: What is TPG Japan Realty Value Fund II-B, L.P.?

TPG Japan Realty Value Fund II-B, L.P. is an issuer that filed a Form D with the SEC on November 12, 2026. The filing claims 506(b), 3(c).

Q: Is TPG Japan Realty Value Fund II-B, L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. TPG Japan Realty Value Fund II-B, L.P. filed a Form D with the SEC on November 12, 2026 claiming 506(b), 3(c). A Form D is a notice of an exempt offering, not a review or approval of it. 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.

Q: Is TPG Japan Realty Value Fund II-B, 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 TPG Japan Realty Value Fund II-B, L.P. claimed 506(b), 3(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.

Q: How much has TPG Japan Realty Value Fund II-B, L.P. raised?

TPG Japan Realty Value Fund II-B, L.P. reported no amount sold as of the Form D filed November 12, 2026.

Q: Who is selling TPG Japan Realty Value Fund II-B, 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.

Q: Where is TPG Japan Realty Value Fund II-B, L.P. located?

The issuer's address on its SEC filings is C/O Angelo, Gordon & Co., L.P., 245 Park Avenue, 26th Floor, New York, NY 10167. Its phone number of record is 212 692 2000. It is organized under the laws of Cayman Islands.

AltStreetEDGAR DatabaseTPG Japan Realty Value Fund II-B, L.P.
SEC filing record
Primary Source · SEC.gov
TPG Japan Realty Value Fund II-B, L.P.Fund Vehicle2026 vintage506(b), 3(c)
Raised
Pre-open
Investors
—
Min Invest
None stated
Is this your company or fund? Claim this page free, or verify it and carry the Verified Issuer mark.
Claim freeVerify, $480/yr
AltStreet Analysis
·Generated from EDGAR primary sources
TPG Japan Realty Value Fund II-B, L.P. is a Cayman Islands-domiciled pooled investment fund filed via Form D on 2026-11-12, with TPG Japan Realty Value II LLC listed as the managing/promoter entity. The filing is pre-open with no disclosed amount raised, investor count, or first sale date, and claims exemption under both Rule 506(b) and Section 3(c) of the Investment Company Act. No parent platform or sibling entities are currently matched in the database.
This filing sits within the private real estate fund segment of alternative investments, structured as a Cayman Islands vehicle feeding into a TPG-sponsored Japan-focused realty value strategy. The combined 506(b)/3(c) exemption claim and offshore domicile are typical of institutional real estate fund structures designed for non-U.S. or tax-sensitive investor bases, though the absence of disclosed raise size, investor count, and minimum investment limits comparability to peer offerings at this stage.
Data Flags
State of IncorporationEntity is domiciled in the Cayman Islands, indicating an offshore fund structure, which is common for cross-border real estate vehicles but worth noting for investors evaluating tax/regulatory treatment.
ExemptionFiling simultaneously claims Rule 506(b) and Section 3(c) exemptions, a common dual-exemption template for pooled investment fund Form D filings rather than an entity-specific irregularity.
Total Amount Sold / First Sale DateFiling is pre-open with no disclosed capital raised, investor count, or first sale date, consistent with an initial/organizational Form D filing rather than a post-close amendment.
EDGAR Filing Data
Form D — Primary Source
View on SEC.gov 
CIK Number0002117831
Entity NameTPG Japan Realty Value Fund II-B, L.P.
Exemption506(b), 3(c)
Entity Type—
Jurisdiction of OrganizationCayman Islands
Issuer AddressC/O Angelo, Gordon & Co., L.P., 245 Park Avenue, 26th Floor, New York, NY 10167
Phone(212) 692-2000
Industry / Fund Type—
Securities TypePooled Investment Fund, Other
First Sale Date—
Filing DateNovember 12, 2026
Accession Number0002117831-26-000001
Total Offering Amount—
Total Amount Sold—
Total Investors—
Minimum Investment$0 (no stated minimum)
Offering Duration—
State (Issuer Address)NY
Amendment CountOriginal filing only
Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Adam Schwartz
Executive Officer · New York, NY
Frank Stadelmaier
Executive Officer · New York, NY
Christopher Moore
Executive Officer · New York, NY
Brian Sigman
Executive Officer · New York, NY
Jean-Baptiste Garcia
Executive Officer · New York, NY
Martin Davidson
Executive Officer · Fort Worth, TX
Joann Harris
Executive Officer · Fort Worth, TX
Steven Willmann
Executive Officer · Fort Worth, TX
N/A TPG Japan Realty Value II LLC
Executive Officer, Director, Promoter · New York, NY
Questions About TPG Japan Realty Value Fund II-B, 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 TPG Japan Realty Value Fund II-B, L.P.?TPG Japan Realty Value Fund II-B, L.P. is an issuer that filed a Form D with the SEC on November 12, 2026. The filing claims 506(b), 3(c).
Is TPG Japan Realty Value Fund II-B, L.P. legit?AltStreet does not rate legitimacy; it reports the public record. TPG Japan Realty Value Fund II-B, L.P. filed a Form D with the SEC on November 12, 2026 claiming 506(b), 3(c). A Form D is a notice of an exempt offering, not a review or approval of it. 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 TPG Japan Realty Value Fund II-B, 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 TPG Japan Realty Value Fund II-B, L.P. claimed 506(b), 3(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 TPG Japan Realty Value Fund II-B, L.P. raised?TPG Japan Realty Value Fund II-B, L.P. reported no amount sold as of the Form D filed November 12, 2026.
Who is selling TPG Japan Realty Value Fund II-B, 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.
Where is TPG Japan Realty Value Fund II-B, L.P. located?The issuer's address on its SEC filings is C/O Angelo, Gordon & Co., L.P., 245 Park Avenue, 26th Floor, New York, NY 10167. Its phone number of record is 212 692 2000. It is organized under the laws of Cayman Islands.
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.
Verified Issuer, $480 a year: AltStreet checks the identity of your company and the authority of the person claiming it against your filings, confirms your contact details on a stated date and again at each renewal, and marks the page so people researching you find a current, attributed profile beside the public filing record. It is not a review of any offering.
Claim this profile, freeVerify this entity, $480/yr
Sponsor EDGAR Footprint
Entities on EDGAR21
Total raised$6.1B
Total investors4,246
Vintages2014–2026
Aggregated across this manager's Form D entities tracked by AltStreet. Source: SEC EDGAR.
Related Entities
TPG Tech Adjacencies III, L.P.
2026 · FundSame manager
$2.6B
Also filed in November 2026
Dawson Portfolio Finance 7 LP
$4.9BVALOR EQUITY PARTNERS VII-A L.P.
$3.3BVALOR EQUITY PARTNERS VII-B L.P.
$3.3BVALOR EQUITY PARTNERS VII L.P.
$3.3BCrown Strategic Secondary Opportunities IV Master S.C.Sp.
$3.1BPrime Property Fund Asia Limited Partnership
$2.7BFortress Net Lease REIT
$2.4BNB Secondary Opportunities Fund VI LP
$1.9BNB Secondary Opportunities Offshore Fund VI LP
$1.5BNorthPoint Growth & Income Partners, LP
$1.3BISQ Global Infrastructure Credit Fund II (Onshore), L.P.
$1.2BAlpha Co-Invest I LP
$1000M
Also filed in November 2026
DELAWARE LIFE VARIABLE ACCOUNT H267 investors
$7.4BDawson Portfolio Finance 7 LP34 investors
$4.9BVOLEON INSTITUTIONAL STRATEGIES FUND LP270 investors
$4.8BNHIT: Core Plus Fixed Income Trust81 investors
$4.2BNHIT: Credit Asset Trust197 investors
$4.1BBain Capital Senior Loan Fund, L.P.303 investors
$3.3BVALOR EQUITY PARTNERS VII L.P.1,476 investors
$3.3BVALOR EQUITY PARTNERS VII-B L.P.278 investors
$3.3BVALOR EQUITY PARTNERS VII-A L.P.1 investors
$3.3BCortland Growth & Income, L.P.59 investors
$3.3BJAMESTOWN Premier Property Fund, L.P.161 investors
$3.2BCrown Strategic Secondary Opportunities IV Master S.C.Sp.51 investors
$3.1B
All unclassified issuers →Filed in November 2026 →
EDGAR Links
All FilingsEDGAR Full Text SearchSEC Submissions API
Understand This Filing
How Form D private placements workAccredited investor requirementsAlternative-investment glossary
AltStreet Pro
Compare across asset classes
Pro subscribers access the Intelligence Terminal - normalized comparison of 100+ platforms across every alternative asset class.
Terminal plans from $149/month 
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.