GovCon Fund II, LP is a private investment fund based in Reston, Virginia. According to its most recent Form D, filed Dec 3, 2024, it has sold $11,876,000 of interests to 48 investors since its first sale in Aug 2023. The minimum investment it accepts from an outside investor is $250,000. 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 Theodore Doremus; PWA GovCon Fund II, LLC; Preston Wealth Advisors, LLC.
- Total raised
- $11,876,000Cumulative sales reported on Form D
- Investors
- 48
- First sale
- Aug 22, 2023
- Minimum investment
- $250,000
- 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
- Theodore Doremus; PWA GovCon Fund II, LLC; Preston Wealth Advisors, LLC
- Latest Form D
- Dec 3, 2024
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
Raise history
| Filed | Filing | Total raised | Investors | Source |
|---|---|---|---|---|
| Dec 3, 2024 | Form D/A (amendment) | $11,876,000 | 48 | SEC.gov ↗ |
| Dec 15, 2023 | Form D/A (amendment) | $6,918,000 | 28 | SEC.gov ↗ |
| Nov 28, 2023 | Form D/A (amendment) | $0 | 0 | SEC.gov ↗ |
| Aug 23, 2023 | Form D | $0 | 0 | SEC.gov ↗ |
4 Form D filings in the SEC's electronic records (2008 onward), the earliest on Aug 23, 2023. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Source: U.S. Securities and Exchange Commission, Form D data sets.
Questions about GovCon Fund II, LP
What is the minimum investment for GovCon Fund II, LP?
According to its latest Form D, filed Dec 3, 2024, the minimum investment GovCon Fund II, LP accepts from an outside investor is $250,000.
Who can invest in GovCon Fund II, LP?
GovCon Fund 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 GovCon Fund II, LP raised?
GovCon Fund II, LP reports $11,876,000 sold from 48 investors on its Form D filed Dec 3, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is GovCon Fund II, LP based?
GovCon Fund II, LP is based in Reston, Virginia and is managed by Preston Wealth Advisors, Llc..
When did GovCon Fund II, LP launch?
GovCon Fund II, LP reports its first sale in Aug 2023, 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 private investment fund
Raised more than 53% of the 127 private investment funds based in Virginia, and more than 44% of all 10,333 that report sales.