Opportunistic II Fund
Opportunistic II Fund
Higher-risk development, distressed, and high-return situations.
Fund Size
$567.5M
Target Net IRR
13-18%
5-Yr MOIC
1.98x
Term
12-15yr
Strategy
Companion opportunistic vehicle providing capacity for higher-risk, higher-return themes.
Opportunistic II Fund is deployed against the ChocoJava operating plan through disciplined underwriting, direct sourcing, and standardized build-outs. Capital is drawn as opportunities meet the fund’s underwriting standards.
Discipline
How we underwrite
Every investment is measured against unit-level cash-on-cash, cohort maturation curves, and platform-level margin discipline. Nothing is deployed without a documented operating standard already in place.
Focus Areas
What Opportunistic II Fund funds
Sister vehicleParallel capital pool alongside Opportunistic I with aligned pacing.
Cycle capacityAdditional dry powder for opportunistic themes as markets present.
Portfolio constructionDiversification across development, distressed, and thematic bets.
Aligned economicsMirror terms to Opportunistic I for programmatic LP participation.
Fund Terms
Key terms
Structure
Delaware LP with parallel vehicles.
Waterfall
European (whole-fund) with clawback.
Preferred Return
8% compounded.
Term
12-15 years, with two 1-year GP extensions.
GP Commitment
2% of committed capital.
Minimum LP
$2,000,000.
Investor Relations