Form D · Private Equity Fund

BPEA Strategic Healthcare II, L.P.

Boston, MA · CIK 0001900103

Offering snapshot reported Jul 14, 2025 · SEC filing

Reported sold: $378M
Investors reported: 26
Minimum accepted: $0
First sale: Apr 7, 2022

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$331,330,000 → $378,330,000
Reported investors21 → 26

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jul 14, 2025	Amendment	$378,330,000	$47,000,000vs Dec 26, 2023	26	SEC filing
Dec 26, 2023	Amendment	$331,330,000	$113,430,000vs Dec 28, 2022	21	SEC filing
Dec 28, 2022	Amendment	$217,900,000	No comparison	17	SEC filing
Dec 29, 2021	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

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

Sales commissions: $0 (estimated)
Finders' fees: $2.02M (estimated)
Form D file number: 021-427027

The General Partner is required to pay a success fee based on the capital subscriptions of certain investors in the fund, subject to certain exceptions.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Kelson Capital LLC	149477

Source: Form D, filed Jul 14, 2025. 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

BPEA STRATEGIC HEALTHCARE II, L.P.

Investment adviser: BROOKE PRIVATE EQUITY ASSOCIATES MANAGEMENT LLC

Gross asset value: $427M
Beneficial owners: 24
ADV minimum commitment: $130K

Reported in Form ADV on Jun 29, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor RSM US LLP BOSTON, Massachusetts, United States

Custodian CITIZENS BANK RIVERSIDE, Rhode Island, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK, N.A. BOSTON, Massachusetts, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED BOSTON, Massachusetts, United States Related to adviser: No

Custodian UBS SECURITIES LLC BOSTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

RSM US LLP
PCAOB 49

CITIZENS BANK
LEI DRMSV1Q0EKMEXLAU1P80

JPMORGAN CHASE BANK, N.A.
LEI 7H6GLXDRUGQFU57RNE97

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

UBS SECURITIES LLC
SEC 8-22651

Filing source

Form ADV 2116332 · Jun 29, 2026 · Schedule D 7.B.(1), fund 805-3803234585

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
General Partner Bpea Shc Ii, Llc	Promoter
Stephen Byers	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

20 Custom House Street, Suite 610
Boston, MA, 02110