Breakthrough Properties Growth Portfolio II raises $280M in growth equity fund
Breakthrough Properties Growth Portfolio II, a Delaware-limited partnership formed in 2025, has raised $280M under Regulation D exemptions 3(c)(7) and 506(c). The Los Angeles-based growth equity fund is open-ended and has attracted 5 institutional investors since first sale in October 2025.
How this compares
- Across 24 growth equity sponsors with more than one launch on EDGAR, the median gap between consecutive funds is 5 months.
- This is the sponsor's 2nd fund launch on EDGAR; the previous one, Breakthrough Properties Growth Portfolio II, L.P., was filed 12 months earlier.
Computed from every Form D fund launch on EDGAR since late 2024, not sampled. Amounts are the stated offering size; indefinite offerings are excluded.
Raise progress
Sold rose to $280M (+$280M, +5 investors) in 365 days since the previous filing.
| Filed | Form | Sold | Investors | Change |
|---|---|---|---|---|
| 2025-10-07 | D | $0 | 0 | |
| 2026-10-07 | D/A | $280M | 5 | +$280M |
Amount sold and investor count as restated on each of the issuer's Form D filings. A rise since the previous filing is capital closed in between.
Breakthrough Properties on EDGAR
Earlier and related filings by the same issuer and sponsor. All Breakthrough Properties vehicles →
Registered adviser
name matchBREAKTHROUGH PROPERTIES (BREAKTHROUGH SERVICES, L.L.C.)
- Registration
- SEC-registered adviser · since 2020-09-04
- Regulatory AUM
- $2.7B
- Employees
- 94
- Private funds on Form ADV
- Yes
- Office
- Los Angeles, CA
Website and main-office phone from Form ADV. Subscribe to unlock
Incumbent service providers
Schedule D for this adviser has not been read yet; it is queued.
Other Form D filings by this adviser
1 other filing on EDGAR under this adviser, with size, strategy and date. Subscribe to unlock
People on the filing
| - Breakthrough Properties Growth Portfolio II Associates, L.L.C. | Promoter |
| Daniel Belldegrun | Executive Officer |
| Paul Galiano | Executive Officer |
| Joshua Bradley | Executive Officer |
| Michael Benner | Executive Officer |
| Joseph G. Doran | Director |
| Victor Cuciniello | Executive Officer |
| Jennifer Warne | Executive Officer |
| Daniel D'Orazi | Executive Officer |
| Lesley Chao | Executive Officer |
| Christian Heimple | Executive Officer |
| Joshua Kazam | Executive Officer |
| Aaron Kazam | Executive Officer |
[email protected] · observed Work emails for the people on the filing, where the firm publishes or patterns them, labelled by confidence — subscribers
Signed by Daniel Belldegrun, CEO of Sole Member of General Partner of Issuer.
Why now — by persona
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Filing contact
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