The Lion Fund II, L.P.
Hedge FundFund ID 805-1397254417Delaware, United States
Gross assets
$293.1M
Min. investment
$5M
Beneficial owners
7
Size rank
Top 25%
Audited
Yes
Structure
Standalone
About this fund
The Lion Fund II, L.P. is a hedge fund managed by Biglari Capital LLC. The fund reports $293.1 million in gross assets, placing it among the top 25% of private funds by size. The stated minimum investment is $5 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-1397254417 |
| Fund type | Hedge Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| Sales limited to qualified investors | Yes |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| The Lion Fund, L.P. | Hedge | $750.2M |
Frequently asked questions
How large is The Lion Fund II, L.P.?
The Lion Fund II, L.P. reports $293.1 million in gross assets, among the top 25% of private funds by size.
What is the minimum investment for The Lion Fund II, L.P.?
The stated minimum investment is $5 million.
Who manages The Lion Fund II, L.P.?
The Lion Fund II, L.P. is managed by Biglari Capital LLC.
Does The Lion Fund II, L.P. disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
B
San Antonio, TX
Service providers
Reported gross assets
$293.1M▼ 20%
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 25%
Larger than 75% of 67,041 private funds
Gross assets vs Hedge FundsTop 36%
Larger than 64% of 12,442 hedge funds
Minimum investmentTop 17%
Higher than 83% of funds reporting a minimum
Investor base
Adviser & related persons4%
Funds of funds24%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.