P2 Nexxt Fund II LP
P2 Nexxt Fund II LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Oct 21, 2026, the fund has sold $33,426,964 of interests to 20 investors since its first sale in Nov 2020. The minimum investment it accepts from an outside investor is $500,000. 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. Related persons named in the filing include Karl General Partner LLC; Karl Kapital LLC; Rachael Clarke.
Performance
No 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
- $33,426,964Cumulative sales reported on Form D
- Investors
- 20
- First sale
- Nov 1, 2020
- Minimum investment
- $500,000
- 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
- Karl General Partner LLC; Karl Kapital LLC; Rachael Clarke
- Latest Form D
- Oct 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 P2 Nexxt Fund II LP
What is the minimum investment for P2 Nexxt Fund II LP?
According to its latest Form D, filed Oct 21, 2026, the minimum investment P2 Nexxt Fund II LP accepts from an outside investor is $500,000.
Who can invest in P2 Nexxt Fund II LP?
P2 Nexxt 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 P2 Nexxt Fund II LP raised?
P2 Nexxt Fund II LP reports $33,426,964 sold from 20 investors on its Form D filed Oct 21, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is P2 Nexxt Fund II LP based?
P2 Nexxt Fund II LP is based in San Francisco, California and is managed by Karl Kapital.
When did P2 Nexxt Fund II LP launch?
P2 Nexxt Fund II LP reports its first sale in Nov 2020.
Size compared with every hedge fund
Raised more than 49% of the 1,058 hedge funds based in California, and more than 39% of all 10,197 that report sales.