Usit II Lc I, LP is a venture capital fund based in Coraopolis, Pennsylvania. According to its most recent Form D, filed Aug 19, 2026, it has sold $11,590,236 of interests to 4 investors since its first sale in Nov 2025. The minimum investment it accepts from an outside investor is $1,000,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include US Innovative Technology GP II, LLC; Thomas Tull.
- Total raised
- $11,590,236Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Nov 14, 2025
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- US Innovative Technology GP II, LLC; Thomas Tull
- Latest Form D
- Aug 19, 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 Usit II Lc I, LP
What is the minimum investment for Usit II Lc I, LP?
According to its latest Form D, filed Aug 19, 2026, the minimum investment Usit II Lc I, LP accepts from an outside investor is $1,000,000.
Who can invest in Usit II Lc I, LP?
Usit II Lc I, 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 Usit II Lc I, LP raised?
Usit II Lc I, LP reports $11,590,236 sold from 4 investors on its Form D filed Aug 19, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Usit II Lc I, LP based?
Usit II Lc I, LP is based in Coraopolis, Pennsylvania.
When did Usit II Lc I, LP launch?
Usit II Lc I, LP reports its first sale in Nov 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 venture capital fund
Raised more than 78% of the 73 venture capital funds based in Pennsylvania, and more than 89% of all 15,160 that report sales.