Ugly Unicorn II LP is a hedge fund based in Lehi, Utah. According to its most recent Form D, filed Jul 9, 2026, the fund has sold $11,302,586 of interests to 48 investors since its first sale in Jul 2025. The minimum investment it accepts from an outside investor is $250,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Dan Young; Ugly Unicorn Management LLC; Ugly Unicorn II LLC.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $11,302,586Cumulative sales reported on Form D
- Investors
- 48
- First sale
- Jul 1, 2025
- Minimum investment
- $250,000
- 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
- Dan Young; Ugly Unicorn Management LLC; Ugly Unicorn II LLC
- Latest Form D
- Jul 9, 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 Ugly Unicorn II LP
What is the minimum investment for Ugly Unicorn II LP?
According to its latest Form D, filed Jul 9, 2026, the minimum investment Ugly Unicorn II LP accepts from an outside investor is $250,000.
Who can invest in Ugly Unicorn II LP?
Ugly Unicorn 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(c), so it may advertise, but every investor must be verified as accredited.
How much has Ugly Unicorn II LP raised?
Ugly Unicorn II LP reports $11,302,586 sold from 48 investors on its Form D filed Jul 9, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Ugly Unicorn II LP based?
Ugly Unicorn II LP is based in Lehi, Utah.
When did Ugly Unicorn II LP launch?
Ugly Unicorn II LP reports its first sale in Jul 2025, 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 hedge fund
Raised more than 58% of the 57 hedge funds based in Utah, and more than 22% of all 10,308 that report sales.