Delphi Citadel II LP is a venture capital fund based in Camana Bay, Cayman Islands. According to its most recent Form D, filed May 1, 2026, it has sold $1,350,000 of interests to 3 investors since its first sale in May 2026. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. 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 Drew Henderson; Piers Kicks; Augustus Merlo.
- Total raised
- $1,350,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- May 1, 2026
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Drew Henderson; Piers Kicks; Augustus Merlo
- Latest Form D
- May 1, 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. 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 Delphi Citadel II LP
What is the minimum investment for Delphi Citadel II LP?
According to its latest Form D, filed May 1, 2026, the minimum investment Delphi Citadel II LP accepts from an outside investor is $100,000.
Who can invest in Delphi Citadel II LP?
Delphi Citadel II LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Delphi Citadel II LP raised?
Delphi Citadel II LP reports $1,350,000 sold from 3 investors on its Form D filed May 1, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Delphi Citadel II LP based?
Delphi Citadel II LP is based in Camana Bay, Cayman Islands.
When did Delphi Citadel II LP launch?
Delphi Citadel II LP reports its first sale in May 2026, 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 venture capital fund
Raised more than 51% of the 75 venture capital funds based in Cayman Islands, and more than 66% of all 14,800 that report sales.