FR Evolution II, L.P. is a private equity fund based in Stamford, Connecticut. According to its most recent Form D, filed Aug 5, 2026, it has sold $250,500,000 of interests to 23 investors since its first sale in Mar 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(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Alex Krueger; Gary Reaves, II; First Reserve Evolution II GP, L.P.
- Total raised
- $250,500,000Cumulative sales reported on Form D
- Investors
- 23
- First sale
- Mar 27, 2025
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Alex Krueger; Gary Reaves, II; First Reserve Evolution II GP, L.P
- Latest Form D
- Aug 5, 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 FR Evolution II, L.P.
What is the minimum investment for FR Evolution II, L.P.?
FR Evolution II, L.P.'s latest Form D, filed Aug 5, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in FR Evolution II, L.P.?
FR Evolution II, 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(c), so it may advertise, but every investor must be verified as accredited.
How much has FR Evolution II, L.P. raised?
FR Evolution II, L.P. reports $250,500,000 sold from 23 investors on its Form D filed Aug 5, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is FR Evolution II, L.P. based?
FR Evolution II, L.P. is based in Stamford, Connecticut.
When did FR Evolution II, L.P. launch?
FR Evolution II, L.P. reports its first sale in Mar 2025.
Size compared with every private equity fund
Raised more than 85% of the 441 private equity funds based in Connecticut, and more than 84% of all 9,159 that report sales.