Form D · Hedge Fund

AIR U.S. Life Fund II QP, LP

Chicago, IL · CIK 0001712928

Offering snapshot reported Jul 22, 2025 · SEC filing

Reported sold: $370M
Investors reported: 673
Minimum accepted: $250K
First sale: Aug 1, 2017

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$367,790,625 → $370,042,112
Reported investors659 → 673

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jul 22, 2025	Amendment	$370,042,112	$2,251,487vs Jul 22, 2024	673	SEC filing
Jul 22, 2024	Amendment	$367,790,625	$73,058,417vs Jul 24, 2023	659	SEC filing
Jul 24, 2023	Amendment	$294,732,208	$109,551,334vs Jul 22, 2022	540	SEC filing
Jul 22, 2022	Amendment	$185,180,874	$49,842,218vs Jul 22, 2021	350	SEC filing
Jul 22, 2021	Amendment	$135,338,656	No comparison	Not reported	SEC filing
Jul 22, 2020	Amendment	$30,868,003	$25,606,503vs Jul 26, 2019	107	SEC filing
Jul 26, 2019	Amendment	$5,261,500	-$25,250vs Jul 26, 2018	28	SEC filing
Jul 26, 2018	Amendment	$5,286,750	No comparison	27	SEC filing
Jul 26, 2017	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $1.24M (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-291510

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Rainmaker Securities, LLC	132995
Silver Leaf Partners, LLC	126694
US Tiger Securities, Inc.	120583
Tifin Private Markets LLC	305935

Source: Form D, filed Jul 22, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

AIR U.S. LIFE FUND II QP, LP

Investment adviser: ALTERNATIVE INVESTMENT RESOURCE, LLC

Gross asset value: $328M
Beneficial owners: 544
ADV minimum commitment: $250K

Reported in Form ADV on Mar 31, 2025. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor CBIZ CPA P.C. KANSAS CITY, Missouri, United States

Custodian BANKUNITED, NATIONAL ASSOCIATION MIAMI LAKES, Florida, United States Related to adviser: No

Marketer AXIUS SERVICES PTY LTD SYDNEY, Australia Related to adviser: No

Marketer HORIZON FINANCIAL ADVISORS LLC NEW YORK, New York, United States Related to adviser: No

Marketer RAINMAKER SECURITIES, LLC CORAL GABLES, Florida, United States Related to adviser: No

Marketer SILVER LEAF PARTNERS, LLC NEW YORK, New York, United States Related to adviser: No

Marketer TENEO PARTNERS JAPAN LIMITED CHOU, Japan Related to adviser: No

Marketer US TIGER SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

CBIZ CPA P.C.
PCAOB 199

HORIZON FINANCIAL ADVISORS LLC
CRD 297768

RAINMAKER SECURITIES, LLC
CRD 132995 · SEC 8-66667

SILVER LEAF PARTNERS, LLC
CRD 126694 · SEC 8-65902

US TIGER SECURITIES, INC.
CRD 120583 · SEC 8-65324

Filing source

Form ADV 1957452 · Mar 31, 2025 · Schedule D 7.B.(1), fund 805-8565674378

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
N/A Air Life Fund Management, Llc	Promoter
N/A Air Life Fund Management Qp, Llc	Promoter
Richard Beleutz	Executive
Stephen Luongo	Executive
Matthew Schaefer	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Air Life Fund Management Qp, Llc 333 S. Wabash Avenue, Suite 2714
Chicago, IL, 60604