Capstone Hedge II, LP
Capstone Hedge II, LP is a hedge fund based in New York, New York. According to its most recent Form D, filed May 21, 2026, the fund has sold $59,158,630 of interests to 2 investors since its first sale in Apr 2022. 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(b), which does not permit general solicitation. Related persons named in the filing include Capstone Investment Advisors, LLC; Paul Britton; Capstone Fund Services II, LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Capstone Investment Advisors, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +7.3% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +55.9% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $59,158,630Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Apr 1, 2022
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Capstone Investment Advisors, LLC; Paul Britton; Capstone Fund Services II, LLC
- Latest Form D
- May 21, 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 Capstone Hedge II, LP
What is the minimum investment for Capstone Hedge II, LP?
Capstone Hedge II, LP's latest Form D, filed May 21, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Capstone Hedge II, LP?
Capstone Hedge 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 Capstone Hedge II, LP raised?
Capstone Hedge II, LP reports $59,158,630 sold from 2 investors on its Form D filed May 21, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Capstone Hedge II, LP based?
Capstone Hedge II, LP is based in New York, New York and is managed by Capstone Investment Advisors, LLC.
When did Capstone Hedge II, LP launch?
Capstone Hedge II, LP reports its first sale in Apr 2022.
Size compared with every hedge fund
Raised more than 46% of the 2,544 hedge funds based in New York, and more than 49% of all 10,308 that report sales.
Other funds with the same team
- Capstone Income Opportunities III, LLC$5.2B
- Capstone Global (Offshore) Ltd.$2.2B
- Capstone Global (US), LP$1.5B
- Capstone Income Opportunities Feeder Fund Ltd.$976M
- Capstone Storm Fund LP$700M
- Capstone Dispersion Fund (US) LP$633M
- Capstone Dispersion Fund (Cayman) Ltd.$481M
- Capstone Commonwealth Fund, LP$395M