Form D · Private Equity Fund

TAILWATER ROYALTIES FUND II LP

Dallas, TX · CIK 0002020554

Offering snapshot reported Jun 12, 2026 · SEC filing

Reported sold: $85.9M
Investors reported: 132
Minimum accepted: $0
First sale: Jun 27, 2024

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$77,168,500 → $85,863,500
Reported investors116 → 132

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jun 12, 2026	Amendment	$85,863,500	$8,695,000vs Jun 26, 2025	132	SEC filing
Jun 26, 2025	Amendment	$77,168,500	No comparison	116	SEC filing
Jun 26, 2024	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.1, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-517033

Placement agents are to be paid based upon established fee schedules. The treatment of such placement fees is further disclosed in the Issuer's confidential offering materials.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
BA SECURITIES, LLC	153489

Source: Form D, filed Jun 12, 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

TAILWATER ROYALTIES FUND II LP

Investment adviser: TW-IM, LLC

Gross asset value: $101M
Beneficial owners: 134
ADV minimum commitment: $0

Reported in Form ADV on Jun 12, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States

Custodian PEGASUS BANK N.A. DALLAS, Texas, United States Related to adviser: No

Marketer BA SECURITIES, LLC CONSHOHOCKEN, Pennsylvania, 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

WEAVER AND TIDWELL, LLP
PCAOB 410

BA SECURITIES, LLC
CRD 153489 · SEC 8-68545

Filing source

Form ADV 2107226 · Jun 12, 2026 · Schedule D 7.B.(1), fund 805-3078521252

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
Brian Blakeman	Executive
Jason Downie	Executive
Edward Herring	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

4020 Maple Avenue, Suite 200
Dallas, TX, 75219