Prophet Equity II LP is a private equity fund based in Southlake, Texas. According to its most recent Form D, filed Apr 7, 2014, it has sold $255,600,000 of interests to 13 investors since its first sale in Mar 2014. The minimum investment it accepts from an outside investor is $5,000,000. 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 Ross Gatlin; Prophet Equity GP II LP Prophet Equity GP II LP.
- Total raised
- $255,600,000Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Mar 21, 2014
- Minimum investment
- $5,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Ross Gatlin; Prophet Equity GP II LP Prophet Equity GP II LP
- Latest Form D
- Apr 7, 2014
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 Prophet Equity II LP
What is the minimum investment for Prophet Equity II LP?
According to its latest Form D, filed Apr 7, 2014, the minimum investment Prophet Equity II LP accepts from an outside investor is $5,000,000.
Who can invest in Prophet Equity II LP?
Prophet Equity 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 Prophet Equity II LP raised?
Prophet Equity II LP reports $255,600,000 sold from 13 investors on its Form D filed Apr 7, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is Prophet Equity II LP based?
Prophet Equity II LP is based in Southlake, Texas.
When did Prophet Equity II LP launch?
Prophet Equity II LP reports its first sale in Mar 2014.
Size compared with every private equity fund
Raised more than 92% of the 1,406 private equity funds based in Texas, and more than 84% of all 8,896 that report sales.