Form D · Venture Capital Fund

Wave II, L.P.

San Francisco, CA · CIK 0001887893

Offering snapshot reported May 16, 2023 · SEC filing

Reported sold
$54.3M
Offering amount: $54.3M
Investors reported
26
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Oct 15, 2021
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$27.2M$54.3MNov 1, 2021: $39,750,000.00Nov 1, 2021May 16, 2023: $54,300,000.00May 16, 2023

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$39,750,000 → $54,300,000
  • Reported investors17 → 26

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 16, 2023Amendment$54,300,000$14,550,000vs Nov 1, 202126SEC filing
Nov 1, 2021Initial$39,750,000No comparison17SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-419406

Source: Form D, filed May 16, 2023. 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

WAVE II, L.P.

Investment adviser: WAVE CAPITAL LLC

Gross asset value
$25.9M
Beneficial owners
25
ADV minimum commitment
$500K

Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator STANDISH MANAGEMENT, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor FRANK, RIMERMAN + CO. LLP SAN JOSE, California, United States
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
No
Administrator other than the adviser
Yes
External marketing
No

FRANK, RIMERMAN + CO. LLP
PCAOB 1596

Filing source

Form ADV 2084214 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-6084020472

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
NameReported role
Sara Adler Executive
Riley Newman Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
720 York Street #103
San Francisco, CA, 94110