FormDSignal
52

Breakthrough Properties Growth Portfolio II raises $280M in growth equity fund

Fund raise update · Growth equity · Open-ended · LOS ANGELES, CA · Form D/A filed 2026-10-07 · sponsor: Breakthrough Properties · all Breakthrough Properties vehicles

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.

$100M+ sold3(c)(7) — qualified purchasersCapital closing nowGrowth equityPrivate equity / buyout

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.

FiledFormSoldInvestorsChange
2025-10-07D$00
2026-10-07D/A$280M5+$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 match

BREAKTHROUGH 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 BelldegrunExecutive Officer
Paul GalianoExecutive Officer
Joshua BradleyExecutive Officer
Michael BennerExecutive Officer
Joseph G. DoranDirector
Victor CucinielloExecutive Officer
Jennifer WarneExecutive Officer
Daniel D'OraziExecutive Officer
Lesley ChaoExecutive Officer
Christian HeimpleExecutive Officer
Joshua KazamExecutive Officer
Aaron KazamExecutive 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

  • Fund audit & tax:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock
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Filing contact

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