Form D · Private Equity Fund

Liftbridge Commercial Fund 2, LP

Stillwater, MN · CIK 0001825614

Offering snapshot reported Oct 8, 2021 · SEC filing

Reported sold: $146M
Investors reported: 41
Minimum accepted: $5M
First sale: Sep 28, 2020

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$45,000,000 → $146,088,000
Reported investors21 → 41

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Oct 8, 2021	Amendment	$146,088,000	$101,088,000vs Oct 6, 2020	41	SEC filing
Oct 6, 2020	Initial	$45,000,000	No comparison	21	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-377272

Source: Form D, filed Oct 8, 2021. 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

LIFTBRIDGE COMMERCIAL FUND 2, LP

Investment adviser: STILLWATER ASSET MANAGEMENT, LLC

Gross asset value: $322M
Beneficial owners: 43
ADV minimum commitment: $5M

Reported in Form ADV on Jul 29, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

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

Auditor ERNST & YOUNG LLP MINNEAPOLIS, Minnesota, United States

Custodian US BANK NATIONAL ASSOCIATION FREDERICK, Maryland, United States Related to adviser: No

Marketer PROBITAS FUNDS GROUP, LLC SAN FRANCISCO, California, 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

ERNST & YOUNG LLP
PCAOB 42

PROBITAS FUNDS GROUP, LLC
CRD 115876 · SEC 8-53512

Filing source

Form ADV 2121441 · Jul 29, 2026 · Schedule D 7.B.(1), fund 805-6904272670

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

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
Liftbridge Commercial Fund 1, LP	Aug 21, 2019	$111,760,000	28
Liftbridge Commercial Fund 2, LP (this fund)	Oct 8, 2021	$146,088,000	41
Liftbridge Commercial Fund 3, LP	Mar 25, 2024	Yet to sell	0

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 Stillwater Lbc2 Gp, Llc	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

106 Chestnut Street East
Stillwater, MN, 55082