12 FLAGS CONSUMER FUND II LP
Raised
$77M
Investors
7
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
12 Flags Consumer Fund II LP is a Cayman Islands-domiciled pooled investment fund that filed this Form D on 2026-11-13, reporting $76.8M raised from 7 investors under combined Rule 506(b) and Section 3(c)(1) exemptions. The filing does not disclose a first sale date or minimum investment amount, and no related platform entities were found in AltStreet's database. The GP is listed as 12 Flags Consumer Fund II GP, with Rakesh Kapoor named as director.
This filing follows a common private-fund structure pairing a Rule 506(b) securities exemption with a Section 3(c)(1) exclusion under the Investment Company Act, typical for small-investor-count pooled vehicles. With $76.8M raised across only 7 investors (an average check of roughly $11M), this offering sits at the larger-check, institutional end of the alternative investment category; minimum investment is not disclosed on the filing, which is standard practice.
Data Flags
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
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In the Terminal
Filing events
1
latest Nov 13, 2026
Critical / warning
0 / 0
1 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event New filer · Nov 13, 2026
SEC.govInvestor
- 1 filing event with values and deltas, latest 2026-11-13, 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.
N/A 12 FLAGS CONSUMER FUND II GP
Promoter · GRAND CAYMAN, E9
RAKESH KAPOOR
Director · GRAND CAYMAN, E9
Questions About 12 FLAGS CONSUMER FUND II LP
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is 12 FLAGS CONSUMER FUND II LP?
12 FLAGS CONSUMER FUND II LP is a Cayman Islands entity organized in 2026 that filed a Form D with the SEC on November 13, 2026 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) for an offering of pooled investment fund interests.
Is 12 FLAGS CONSUMER FUND II LP legit?
AltStreet does not rate legitimacy; it reports the public record. 12 FLAGS CONSUMER FUND II LP filed a Form D with the SEC on November 13, 2026 claiming Rule 506(b), Section 3(c), Section 3(c)(1), 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 $76,842,105 sold to 7 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 12 FLAGS CONSUMER FUND II LP 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 12 FLAGS CONSUMER FUND II LP claimed Rule 506(b), Section 3(c), Section 3(c)(1), 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 12 FLAGS CONSUMER FUND II LP raised?
12 FLAGS CONSUMER FUND II LP reported $76,842,105 sold from 7 investors in an offering of indefinite size as of the Form D filed November 13, 2026.
Who can invest in 12 FLAGS CONSUMER FUND II LP?
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 checks both Section 3(c)(1), which caps the fund at 100 beneficial owners, and Section 3(c)(7), which requires every investor to be a qualified purchaser, generally an individual with at least $5 million in investments. A fund normally relies on one or the other. 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 12 FLAGS CONSUMER FUND II LP?
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 12 FLAGS CONSUMER FUND II LP 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 12 FLAGS CONSUMER FUND II LP?
The Form D lists 2 related persons: 12 FLAGS CONSUMER FUND II GP, promoter (GENERAL PARTNER OF THE ISSUER); RAKESH KAPOOR, director (DIRECTOR OF THE GENERAL PARTNER OF THE ISSUER). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is 12 FLAGS CONSUMER FUND II LP located?
The issuer's address on its SEC filings is C/O Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman, E9 KY1-9008. Its phone number of record is 971563290485. It is organized under the laws of Cayman Islands.
How long is the 12 FLAGS CONSUMER FUND II LP 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 12 FLAGS CONSUMER FUND II LP?
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.
