Zetland Special Situations Feeder Fund II Scsp

Feeder or parallelmanaged by Vistra Fund Management S.A.· Luxembourg
Vintage
2021
Form D sold
$165M
Reported gross assets
$245M
Form ADV, Apr 15, 2026
MatureFundraising status unknownADV: Private Equity FundOutside venture scope

A private equity fund outside venture scope, shown because its manager is on the venture graph.

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Ask DFX about thisView relationshipsAmountsLimited partners
As of · the latest observation of this vehicle; each figure below carries its own filing date

1 additional principal, 5 additional placement agents

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. -11%
    reported GAV

    Reported gross assets fell from $274M to $245M between the Form ADV filings of 9 Jul 2024 and 15 Apr 2026.

    The fund's assets as the adviser swears them, never its size or dry powder.

    Derivedtwo Form ADV Schedule D filingsFor LPs, secondaries buyersReporting →
Drawing the relationship network…

Amounts, each with its basis

Vintage
2021basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
indefinitewhat may be sold, not what was raised; file 021-387971, sworn by the adviser or filed under this vehicle
Form D sold
$165Mas of the filing of Jan 31, 2023, 7 investors
First sale
Jan 18, 2021
Reported GAV
$245Mon the Form ADV filed Apr 15, 2026; the fund's assets, never its size or dry powder
Owners (ADV)
15
Reported on ADV
Apr 15, 2026 to Apr 15, 2026
Structure
feeder

Fundraising evidence

Unknown
latest Form D 2023-01-31, older than 15 months (fr-1)
evidence dated Jan 31, 2023.

Lifecycle

Mature
vintage 4 to 7 years
age years: 5first sale: Jan 18, 2021vintage year: 2021adv gav as of: Apr 15, 2026vintage basis: Form d first saleform d sold: $165Mform d offering: n/aform d latest filed at: Jan 31, 2023

The fund's own reporting through time

5 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 31, 2022Private Equity Fund$36.4M
7$5.0M0%yes
Mar 31, 2023Private Equity Fund$247M
15$5.0M0%yes
Mar 29, 2024Private Equity Fund$274M
15$5.0M0%yes
Jul 9, 2024Private Equity Fund$274M
15$5.0M0%yes
Apr 15, 2026Private Equity Fund$245M
15$5.0M0%

Principals and agents

4 principals on Form D, 2 placement agents

Service providers

8 named on Form ADV Schedule D and Form D

Limited partners and their reported performance

0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.

Known LPs and allocators

0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.

Investments attributed to this vehicle

0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.

Timeline

5 events
  1. Apr 15, 2026
    Zetland Special Situations Feeder Fund II Scsp first reported on Form ADV by Vistra Fund Management S.A. (Private Equity Fund), GAV $244,810,588
    Fund first reported on Form ADV Inference Form ADV
  2. Jan 31, 2023
    Zetland Special Situations Feeder Fund II SCSP filed Form D/A: $165,136,681 sold (indefinite offering), Private Equity Fund
    Form D filed Fact Form D
  3. Mar 31, 2022
    Zetland Special Situations Feeder Fund II Scsp first reported on Form ADV by Vistra Fund Management S.A. (Private Equity Fund), GAV $36,400,000
    Fund first reported on Form ADV Fact Form ADV
  4. Feb 1, 2022
    Zetland Special Situations Feeder Fund II SCSP filed Form D/A: $172,888,772 sold (indefinite offering), Private Equity Fund
    Form D filed Fact Form D
  5. Feb 1, 2021
    Zetland Special Situations Feeder Fund II SCSP filed Form D: $66,431,750 sold (indefinite offering), Private Equity Fund
    Form D filed Fact Form D

Evidence

48 observations
Every observation on this vehicle
  • Entity type: Other Jan 31, 2023 Fact Form D
  • Entity type: Other Feb 1, 2022 Fact Form D
  • Entity type: Other Feb 1, 2021 Fact Form D
  • Form D fund type: Private Equity Fund Jan 31, 2023 Fact Form D
  • Form D fund type: Private Equity Fund Feb 1, 2022 Fact Form D
  • Form D fund type: Private Equity Fund Feb 1, 2021 Fact Form D
  • Form D industry group: Pooled Investment Fund Jan 31, 2023 Fact Form D
  • Form D industry group: Pooled Investment Fund Feb 1, 2022 Fact Form D
  • Form D industry group: Pooled Investment Fund Feb 1, 2021 Fact Form D
  • Amendment: true Jan 31, 2023 Fact Form D
  • Amendment: true Feb 1, 2022 Fact Form D
  • Amendment: false Feb 1, 2021 Fact Form D
  • Revenue range (Form D): Decline to Disclose Jan 31, 2023 Fact Form D
  • Revenue range (Form D): Decline to Disclose Feb 1, 2022 Fact Form D
  • Revenue range (Form D): Decline to Disclose Feb 1, 2021 Fact Form D
  • Incorporated: withinFiveYears Jan 31, 2023 Fact Form D
  • Incorporated: withinFiveYears Feb 1, 2022 Fact Form D
  • Incorporated: withinFiveYears Feb 1, 2021 Fact Form D
  • Jurisdiction: Jan 31, 2023 Fact Form D
  • Jurisdiction: Feb 1, 2022 Fact Form D
  • Jurisdiction: Feb 1, 2021 Fact Form D
  • Amount sold (Form D): $165M Jan 31, 2023 Fact Form D
  • Amount sold (Form D): $173M Feb 1, 2022 Fact Form D
  • Amount sold (Form D): $66.4M Feb 1, 2021 Fact Form D
  • Exemptions: 06b, 3C, 3C.7 Jan 31, 2023 Fact Form D
  • Exemptions: 06b, 3C, 3C.7 Feb 1, 2022 Fact Form D
  • Exemptions: 06b, 3C, 3C.7 Feb 1, 2021 Fact Form D
  • First sale: 2021-01-18 Jan 31, 2023 Fact Form D
  • First sale: 2021-01-18 Feb 1, 2022 Fact Form D
  • First sale: 2021-01-18 Feb 1, 2021 Fact Form D
  • Indefinite offering: true Jan 31, 2023 Fact Form D
  • Indefinite offering: true Feb 1, 2022 Fact Form D
  • Indefinite offering: true Feb 1, 2021 Fact Form D
  • Investors (Form D): 7 Jan 31, 2023 Fact Form D
  • Investors (Form D): 3 Feb 1, 2022 Fact Form D
  • Investors (Form D): 3 Feb 1, 2021 Fact Form D
  • Minimum investment (Form D): 125,000 Jan 31, 2023 Fact Form D
  • Minimum investment (Form D): 5,688,253 Feb 1, 2022 Fact Form D
  • Minimum investment (Form D): 6,039,250 Feb 1, 2021 Fact Form D
  • Securities offered: Equity, pooled Jan 31, 2023 Fact Form D
  • Securities offered: Equity, pooled Feb 1, 2022 Fact Form D
  • Securities offered: Equity, pooled Feb 1, 2021 Fact Form D
  • Office address: Jan 31, 2023 Fact Form D
  • Office address: Feb 1, 2022 Fact Form D
  • Office address: Feb 1, 2021 Fact Form D
  • Year of incorporation: 2020 Jan 31, 2023 Fact Form D
  • Year of incorporation: 2020 Feb 1, 2022 Fact Form D
  • Year of incorporation: 2020 Feb 1, 2021 Fact Form D

Relationships across DFX

on 3 other DFX graphs
Across the graphs

Zetland Special Situations Feeder Fund II Scsp is the same institution as 5 records in Private Equity, RIA and Wealth and Private Credit.

Private Equity2RIA and Wealth2Private Credit1

DFX found 5 relationships across 3 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

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Record history

1 identity change, 5 dated events on the change ledger, latest event first
  • Merged in
    2026-09-30
  • Fund first reported on ADV
    2026-04-15source on record
  • Form D filed
    2023-01-31source on record

+3 more changes on this record's ledger

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.