Specialized Multifamily Partners U.S. Fund II, L.P.

Private equity fund
Rule 506(b)
Bethesda, Maryland
Amended Nov 2, 2026

Raising: $750,000,000
Sold so far: $16,734,000; 2% sold
Investors: 16
Average check: $1,045,875; Sold ÷ investors
Minimum: None stated
Sales commissions: $500,000; Issuer's estimate

In plain English

Specialized Multifamily Partners U.S. Fund II, L.P., a private equity real estate fund based in Bethesda, Maryland, filed an amended Form D with the SEC on Nov 2, 2026 to raise $750 million. It reports about $16.7 million raised from 16 investors, 2% of its target. That works out to roughly $1,046,000 per investor. It didn't state a minimum investment.

It filed under Rule 506(b), which means the offering can't be advertised to the public. Investors in these deals usually already have a relationship with the sponsor.

How it compares

Against the 594 real estate offerings filed Oct 6 – Nov 4, 2026.

This offeringMedian

Raise size$750M vs $7.7M median

Larger than 99% of the 460 offerings that set a size.

How much is sold2% sold vs 50% median

Behind 72% of the 460 offerings with a set size.

Minimum investmentNone stated vs $50,000 median

167 of the 594 offerings didn't state one either.

Where the sponsor is based

The Maryland housing market

Typical home value $425KChange, 12 months 0.1%

Form D lists the issuer's principal place of business, not where its properties are. Home values for Sep 2026.

See Maryland market data

Filing details

File number: 021-562677
Latest filing: Form D/A (amendment), Nov 2, 2026
Accession number: 0002074622-26-000001
Entity type: Limited Partnership
Industry group: Pooled Investment Fund
Fund type: Private Equity Fund
Principal place of business: Bethesda, Maryland
Exemption claimed: Rule 506(b)
First sale: Oct 31, 2025

Timeline

First sale
Oct 31, 2025
Latest amendment (Form D/A) filed
Nov 2, 2026
$16.7M sold (2% of the target)
As reported Nov 2, 2026

Other recent filings from Maryland

All fund filings

This page summarizes a notice Specialized Multifamily Partners U.S. Fund II, L.P. filed with the SEC. Fidelis First is not affiliated with Specialized Multifamily Partners U.S. Fund II, L.P., has not reviewed this offering and does not recommend it. Nothing here is an offer to sell or a solicitation of an offer to buy any security. Figures are as the issuer reported them on Nov 2, 2026 and may have changed since.

Sales commissions are the issuer's estimate for the whole offering, not amounts paid so far. Average check is derived: amount sold divided by number of investors. Issuers don't have to amend a Form D when sales or investor counts change, so these can lag.

Source: SEC EDGAR, Form D · As of Nov 2, 2026

Source: Data Provided by Zillow Group · As of Sep 2026