Caption Partners II, LP
Caption Partners II, LP is a hedge fund based in Oklahoma City, Oklahoma. According to its most recent Form D, filed Aug 10, 2026, the fund has sold $388,802,908 of interests to 144 investors since its first sale in Jun 2016. 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 William Cooper; Jason Strasser.
Performance
No verified returns have been reported for this fund. As a rough guide, Caption Management, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +15.9% 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 +50.3% (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
- $388,802,908Cumulative sales reported on Form D
- Investors
- 144
- First sale
- Jun 1, 2016
- 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
- William Cooper; Jason Strasser
- Latest Form D
- Aug 10, 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 Caption Partners II, LP
What is the minimum investment for Caption Partners II, LP?
Caption Partners II, LP's latest Form D, filed Aug 10, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Caption Partners II, LP?
Caption Partners 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 Caption Partners II, LP raised?
Caption Partners II, LP reports $388,802,908 sold from 144 investors on its Form D filed Aug 10, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Caption Partners II, LP based?
Caption Partners II, LP is based in Oklahoma City, Oklahoma and is managed by Caption Management, LLC.
When did Caption Partners II, LP launch?
Caption Partners II, LP reports its first sale in Jun 2016.
Size compared with every hedge fund
Raised more than 90% of the 10 hedge funds based in Oklahoma, and more than 79% of all 10,307 that report sales.