AG AI 2, L.P. is a private equity fund based in Palo Alto, California. According to its most recent Form D, filed Aug 21, 2025, it has sold $25,000,000 of interests to 59 investors since its first sale in Aug 2025. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Saul Cardenas; Allocate Management Company, LLC; Allocate AI 2 GP, LLC.
- Total raised
- $25,000,000Cumulative sales reported on Form D
- Investors
- 59
- First sale
- Aug 15, 2025
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Saul Cardenas; Allocate Management Company, LLC; Allocate AI 2 GP, LLC
- Latest Form D
- Aug 21, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about AG AI 2, L.P.
What is the minimum investment for AG AI 2, L.P.?
AG AI 2, L.P.'s latest Form D, filed Aug 21, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in AG AI 2, L.P.?
AG AI 2, L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has AG AI 2, L.P. raised?
AG AI 2, L.P. reports $25,000,000 sold from 59 investors on its Form D filed Aug 21, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is AG AI 2, L.P. based?
AG AI 2, L.P. is based in Palo Alto, California and is managed by Allocate Management Company, LLC.
When did AG AI 2, L.P. launch?
AG AI 2, L.P. reports its first sale in Aug 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private equity fund
Raised more than 76% of the 1,777 private equity funds based in California, and more than 54% of all 9,142 that report sales.