Baupost Value Partners LP II
Baupost Value Partners LP II is a hedge fund based in Boston, Massachusetts. According to its most recent Form D, filed Apr 6, 2026, the fund has sold $2,030,896,265 of interests to 168 investors since its first sale in Jun 2000. 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. Related persons named in the filing include James Mooney III; Seth Klarman; Nicholas Azrack.
Performance
No verified returns have been reported for this fund. As a rough guide, The Baupost Group, L.L.C., which manages it, disclosed U.S. stock holdings that returned an estimated +4.8% 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 +21.3% (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
- $2,030,896,265Cumulative sales reported on Form D
- Investors
- 168
- First sale
- Jun 9, 2000
- 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
- James Mooney III; Seth Klarman; Nicholas Azrack
- Latest Form D
- Apr 6, 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 Baupost Value Partners LP II
What is the minimum investment for Baupost Value Partners LP II?
Baupost Value Partners LP II's latest Form D, filed Apr 6, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Baupost Value Partners LP II?
Baupost Value Partners LP II 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 Baupost Value Partners LP II raised?
Baupost Value Partners LP II reports $2,030,896,265 sold from 168 investors on its Form D filed Apr 6, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Baupost Value Partners LP II based?
Baupost Value Partners LP II is based in Boston, Massachusetts and is managed by The Baupost Group, L.L.C..
When did Baupost Value Partners LP II launch?
Baupost Value Partners LP II reports its first sale in Jun 2000.
Size compared with every hedge fund
Raised more than 89% of the 474 hedge funds based in Massachusetts, and more than 95% of all 10,307 that report sales.