Form D · Private Equity Fund

FR Evolution II, L.P.

Stamford, CT · CIK 0002057089

Offering snapshot reported Aug 5, 2026 · SEC filing

Reported sold: $251M
Investors reported: 23
Minimum accepted: $0
First sale: Mar 27, 2025

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$235,000,000 → $250,500,000
Reported investors19 → 23

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Aug 5, 2026	Amendment	$250,500,000	$15,500,000vs Mar 4, 2026	23	SEC filing
Mar 4, 2026	Amendment	$235,000,000	No comparison	19	SEC filing
Mar 6, 2025	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

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

Sales commissions: $3M (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-539993

Total Amount Sold includes the sponsor's commitment.

Sales Commissions represents an estimate of the total sales commissions to be paid to the entities listed in item 12 above over time as a result of the anticipated sales of interests in the Issuer.

Sales compensation recipients

Scroll to see all columns →

Recipient	CRD	Associated broker-dealer
PJT Partners LP	000171058
ISP Securities Ltd.	None

Source: Form D, filed Aug 5, 2026. 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

FR EVOLUTION II, L.P. (AND ITS RELATED INVESTMENT VEHICLES)

Investment adviser: FIRST RESERVE MANAGEMENT, L.P.

Gross asset value: $236M
Beneficial owners: 11
ADV minimum commitment: $500K

Reported in Form ADV on May 8, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator GEN II COMPLIANCE SERVICES LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No

Custodian CITIZENS BANK, N.A. PROVIDENCE, Rhode Island, United States Related to adviser: No

Provider details

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

DELOITTE & TOUCHE LLP
PCAOB 34

Filing source

Form ADV 2090555 · May 8, 2026 · Schedule D 7.B.(1), fund 805-8257294470

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
Edward T. Bialas	Director
Patrick J. Carroll	Executive
First Reserve Evolution Ii Gp, L.L.C.	Promoter
First Reserve Evolution Ii Gp, L.P.	Promoter
John A. Hill	Director
J.W.G (Will) Honeybourne	Director
Alex T. Krueger	Director, Executive
Jeffrey K. Quake	Director, Executive
Erica H. Radcliffe	Executive
Gary D. Reaves, Ii	Director, Executive
Todd M. Tomlin	Executive
Neil A. Wizel	Director, Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

262 Harbor Drive 3 Rd Floor
Stamford, CT, 06902