Kinetic Fund II a Series of SecondMarket Growth LLC has amended its offering, reporting total sales of approximately $15.79 million. This significant update comes as the private equity fund continues to attract investor interest, showcasing the ongoing growth within the pooled investment fund sector.
The amendment was filed on October 22, 2026, under the accession number 0002131133-26-000002. The filing reveals that the fund has accepted a minimum investment of $25,000 from investors, and there are no remaining amounts to sell. This reflects a strong demand for investment opportunities in the current market.
According to the filing, the total offering amount was $15,788,085, with the entire amount already sold. The document notes that the proceeds will be utilized for management fees and other expenses related to the fund's operations. The filing also states that the fund has 25 investors who have already committed capital.
Kinetic Fund II is categorized as a pooled investment fund, specifically a private equity fund. The company was incorporated in Delaware in 2026 and operates from Claymont, Delaware. The fund is managed by SecondMarket Growth Management, which is based in New York City.
The filing indicates that the fund does not have any non-accredited investors, ensuring that all participants meet the necessary qualifications for private equity investments. The total revenue range for the issuer remains undisclosed.
As the private equity sector continues to evolve, Kinetic Fund II's successful amendment of its offering reflects broader trends in the industry, where pooled investment funds are gaining traction among accredited investors seeking diversified opportunities.
Looking ahead, it remains to be seen how Kinetic Fund II will leverage the capital raised to enhance its investment strategy and deliver returns to its investors. The filing does not specify any further actions or upcoming filings.