Arbiter Special Opportunities Fund II, LP
Arbiter Special Opportunities Fund II, LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Sep 18, 2026, the fund has sold $173,949,686 of interests to 96 investors since its first sale in Oct 2013. The minimum investment it accepts from an outside investor is $500,000. 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. Related persons named in the filing include Paul Isaac.
Performance
No verified returns have been reported for this fund. As a rough guide, Arbiter Partners, which manages it, disclosed U.S. stock holdings that returned an estimated -6.2% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +95.8% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $173,949,686Cumulative sales reported on Form D
- Investors
- 96
- First sale
- Oct 25, 2013
- Minimum investment
- $500,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Paul Isaac
- Latest Form D
- Sep 18, 2026
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. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Arbiter Special Opportunities Fund II, LP
What is the minimum investment for Arbiter Special Opportunities Fund II, LP?
According to its latest Form D, filed Sep 18, 2026, the minimum investment Arbiter Special Opportunities Fund II, LP accepts from an outside investor is $500,000.
Who can invest in Arbiter Special Opportunities Fund II, LP?
Arbiter Special Opportunities Fund II, LP 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 Arbiter Special Opportunities Fund II, LP raised?
Arbiter Special Opportunities Fund II, LP reports $173,949,686 sold from 96 investors on its Form D filed Sep 18, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Arbiter Special Opportunities Fund II, LP based?
Arbiter Special Opportunities Fund II, LP is based in New York, New York and is managed by Arbiter Partners.
When did Arbiter Special Opportunities Fund II, LP launch?
Arbiter Special Opportunities Fund II, LP reports its first sale in Oct 2013.
Size compared with every hedge fund
Raised more than 63% of the 2,544 hedge funds based in New York, and more than 67% of all 10,308 that report sales.