Form D · Private Equity Fund

Thurston Fund II, LP

Chicago, IL · CIK 0001859367

Offering snapshot reported Dec 21, 2022 · SEC filing

Reported sold: $76.5M
Investors reported: 90
Minimum accepted: $0
First sale: Apr 12, 2021

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$57,625,000 → $76,480,000
Reported investors73 → 90

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 21, 2022	Amendment	$76,480,000	$18,855,000vs Jul 27, 2022	90	SEC filing
Jul 27, 2022	Amendment	$57,625,000	$8,225,000vs Mar 3, 2022	73	SEC filing
Mar 3, 2022	Amendment	$49,400,000	-$16,950,000vs Nov 18, 2021	62	SEC filing
Nov 18, 2021	Amendment	$66,350,000	$13,150,000vs May 4, 2021	74	SEC filing
May 4, 2021	Initial	$53,200,000	No comparison	Not reported	SEC filing

Offering details

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

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-398013

Source: Form D, filed Dec 21, 2022. 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

THURSTON FUND II, LP

Investment adviser: THURSTON ADVISORS, LLC

Gross asset value: $131M
Beneficial owners: 87
ADV minimum commitment: $500K

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

Service providers

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

Auditor BDO USA LLP CHICAGO, Illinois, United States

Custodian WINTRUST BANK, N.A. CHICAGO, Illinois, 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

BDO USA LLP
PCAOB 243

WINTRUST BANK, N.A.
LEI 549300RAQJBTN6Z28096

Filing source

Form ADV 2104626 · May 12, 2026 · Schedule D 7.B.(1), fund 805-3535925569

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
Thurston Fund I, LP	Apr 19, 2019	$19,500,000	14
Thurston Fund II, LP (this fund)	Dec 21, 2022	$76,480,000	90
Thurston Fund III, LP	Feb 26, 2025	$24,065,000	48

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
Daniel Davis	Executive
Dana Fender	Executive
Patrick J. Haynes, Iii	Executive
N/A Thurston Advisors, Llc	Promoter
N/A Thurston Fund Ii Gp, Llc	Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Thurston Fund Ii Gp, Llc 230 W Monroe Street, Suite 1920
Chicago, IL, 60606