Wave Function Ventures Opportunity II, LP is a private equity fund based in Santa Monica, California. According to its most recent Form D, filed Feb 11, 2026, it has sold $2,380,000 of interests to 7 investors since its first sale in Jan 2026. The minimum investment it accepts from an outside investor is $30,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Wave Function Ventures Opportunity I GP, LLC; Wave Function Ventures Management, LLC; James Gull.
- Total raised
- $2,380,000Cumulative sales reported on Form D
- Investors
- 7
- First sale
- Jan 22, 2026
- Minimum investment
- $30,000
- 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
- Wave Function Ventures Opportunity I GP, LLC; Wave Function Ventures Management, LLC; James Gull
- Latest Form D
- Feb 11, 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 Wave Function Ventures Opportunity II, LP
What is the minimum investment for Wave Function Ventures Opportunity II, LP?
According to its latest Form D, filed Feb 11, 2026, the minimum investment Wave Function Ventures Opportunity II, LP accepts from an outside investor is $30,000.
Who can invest in Wave Function Ventures Opportunity II, LP?
Wave Function Ventures Opportunity 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 Wave Function Ventures Opportunity II, LP raised?
Wave Function Ventures Opportunity II, LP reports $2,380,000 sold from 7 investors on its Form D filed Feb 11, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Wave Function Ventures Opportunity II, LP based?
Wave Function Ventures Opportunity II, LP is based in Santa Monica, California.
When did Wave Function Ventures Opportunity II, LP launch?
Wave Function Ventures Opportunity II, LP reports its first sale in Jan 2026, 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 private equity fund
Raised more than 55% of the 1,777 private equity funds based in California, and more than 28% of all 9,142 that report sales.