DFX Intelligence
Natural Capital Fund II, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownother manager vehicleADV: Private Equity FundOutside venture scope
A private equity fund outside venture scope, shown because its manager is on the venture graph.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Nothing material in the last 365 days. Last change: 18 Nov 2022, Latest Form D filed on 18 Nov 2022: no amount sold reported. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- unknownno dated first sale or first report yet
- 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 021-465386, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Nov 18, 2022
- First sale
- unknown
- Reported GAV
- $109Mon the Form ADV filed Aug 4, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 124
- Reported on ADV
- Jul 24, 2023 to Aug 4, 2026
Fundraising evidenceWhat counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Unknown
latest Form D 2022-11-18, older than 15 months (fr-1)
evidence dated Nov 18, 2022.
LifecycleUnknown
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Aug 4, 2026vintage basis: n/aform d sold: $0form d offering: n/aform d latest filed at: Nov 18, 2022
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jul 24, 2023 | Private Equity Fund | $68.6M | 57 | $50,000 | 21% | yes | |
| Mar 30, 2024 | Private Equity Fund | $98.2M | 123 | $25,000 | 6% | yes | |
| Jun 28, 2024 | Private Equity Fund | $115M | 123 | $25,000 | 6% | yes | |
| Aug 1, 2024 | Private Equity Fund | $115M | 123 | $25,000 | 6% | yes | |
| Aug 4, 2026 | Private Equity Fund | $109M | 124 | $25,000 | 6% |
Principals and agents
2 principals on Form D, 0 placement agents
- Bradley Thomas Henry Executive Officer
- -- Thomas Natural Capital Fund II GP, LLC Promoter
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorHOGANTAYLOR LLP · LITTLE ROCK, Arkansas, United StatesForm ADV filed Aug 4, 2026 reports.adviserinfo.sec.gov
- AdministratorJuniper Square · SAN FRANCISCO, California, United StatesForm ADV filed Aug 4, 2026 reports.adviserinfo.sec.gov
- CustodianSIMMONS BANK · LITTLE ROCK, Arkansas, United StatesForm ADV filed Aug 4, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
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 allocatorsWhat these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.
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
- Mar 31, 2026Administrator changed: Juniper Square replaced Apex Group, first reported on the Form ADV filed March 31, 2026 (previous filing June 17, 2025)Administrator changed Fact Form ADV
- Mar 31, 2026Custodian changed: SIMMONS BANK replaced CENTENNIAL BANK, first reported on the Form ADV filed March 31, 2026 (previous filing June 17, 2025)Custodian changed Fact Form ADV
- Mar 31, 2025Custodian changed: CENTENNIAL BANK replaced BANK OZK, first reported on the Form ADV filed March 31, 2025 (previous filing August 1, 2024)Custodian changed Fact Form ADV
- Jul 24, 2023Natural Capital Fund II, L.P. first reported on Form ADV by Natural Capital Management, LLC (Private Equity Fund), GAV $68,644,398Fund first reported on Form ADV Fact Form ADV
- Nov 18, 2022Natural Capital Fund II, L.P. filed Form D: no sales yet (indefinite offering), Private Equity FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Nov 18, 2022 Fact Form D
- Form D fund type: Private Equity Fund Nov 18, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 18, 2022 Fact Form D
- Amendment: false Nov 18, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Nov 18, 2022 Fact Form D
- Incorporated: withinFiveYears Nov 18, 2022 Fact Form D
- Jurisdiction: Delaware Nov 18, 2022 Fact Form D
- Amount sold (Form D): $0 Nov 18, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Nov 18, 2022 Fact Form D
- Indefinite offering: true Nov 18, 2022 Fact Form D
- Investors (Form D): 0 Nov 18, 2022 Fact Form D
- Minimum investment (Form D): 0 Nov 18, 2022 Fact Form D
- Securities offered: pooled Nov 18, 2022 Fact Form D
- Office address: Nov 18, 2022 Fact Form D
- Year of incorporation: 2022 Nov 18, 2022 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Natural Capital Fund II, L.P. is the same institution as 2 records in Private Equity and RIA and Wealth.
Private Equity1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2023-07-24source on record
- Form D filed2022-11-18source on record
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.