Form D · Venture Capital Fund

Nebular Fund II, LP

New York, NY · CIK 0002086910

Offering snapshot reported Sep 18, 2026 · SEC filing

Reported sold: $61.3M
Investors reported: 78
Minimum accepted: $5K
First sale: Sep 24, 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$32,310,000 → $61,273,000
Reported investors33 → 78

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 18, 2026	Amendment	$61,273,000	$28,963,000vs Sep 30, 2025	78	SEC filing
Sep 30, 2025	Initial	$32,310,000	No comparison	33	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-559191

Source: Form D, filed Sep 18, 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

NEBULAR FUND II, LP

Investment adviser: NEBULAR MANAGEMENT, LLC

Gross asset value: $44.9M
Beneficial owners: 72
ADV minimum commitment: $1K

Reported in Form ADV on Mar 25, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Investor statements: No (provided to no investors) Related to adviser: Yes

Custodian BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Related to adviser: Yes

Marketer AL ADVISORS MANAGEMENT INC SAN FRANCISCO, California, United States Related to adviser: Yes

Provider details

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

Filing source

Form ADV 2069898 · Mar 25, 2026 · Schedule D 7.B.(1), fund 805-4860061486

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
Nebular Fund I, LP	Feb 16, 2023	$4,176,500	53
Nebular Fund II, LP (this fund)	Sep 18, 2026	$61,273,000	78

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
Finn Murphy	Executive
N/A Nebular Fund Ii Gp, Llc	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

54 West 21st Street, 407
New York, NY, 10010