Independent Verdict
DIMA TEF II Feeder LP has a verifiable U.S. regulatory trail and can be directly connected to Pittsburgh-based investment adviser Quattro Advisors L.L.C.
The fund was organized in Delaware in 2024, operates under SEC CIK 0002035812, and filed an amended Form D on September 18, 2026. The filing names DIMA TEF II Feeder GP LLC as general partner and separately identifies Quattro Advisors, L.L.C. as a related executive entity. Both use the same Pittsburgh operating location as the issuer.
The fund's 2025 Form D reported approximately $20.625 million of securities sold, with first sale dated November 29, 2024.
The most interesting finding, however, is not simply the existence of the Form D.
Available private-fund reporting derived from Form ADV indicates approximately $20.6 million in gross assets, a $250,000 minimum investment, annual auditing, independent valuation of reported assets, PNC Bank as custodian, Formidium as administrator, and Baker Tilly US as auditor.
At the same time, the same private-fund data classifies DIMA TEF II Feeder LP as a standalone fund, states that it is not a feeder fund, and identifies it as a fund of funds.
That creates an important due-diligence question:
Why does the legal name contain the word "Feeder" while the reported fund classification says the vehicle is not currently a feeder fund
This does not by itself indicate a problem. Fund structures can change over time, regulatory classifications can use specific definitions, and a legal entity can retain an older name after its economic role changes.
Investors should therefore confirm the current structure from the governing documents rather than relying on the fund name alone.
Key Findings
Issuer: DIMA TEF II Feeder LP
CIK: 0002035812
SEC Form D File No.: 021-525842
Entity Type: Limited Partnership
Jurisdiction: Delaware
Formation Year: 2024
Latest Form D/A: September 18, 2026
Federal Exemption: Rule 506(b)
Industry: Pooled Investment Fund
Principal Address: 3495 Butler Street, Pittsburgh, Pennsylvania 15201
General Partner: DIMA TEF II Feeder GP LLC
Related Investment Adviser: Quattro Advisors L.L.C.
Quattro Advisors CRD: 146438
Reported Fund Gross Assets: Approximately $20.6 million
Reported Minimum Investment: $250,000
Reported Custodian: PNC Bank
Reported Administrator: Formidium
Reported Auditor: Baker Tilly US
2025 Form D Amount Sold: Approximately $20.625 million
Reported First Sale: November 29, 2024
The Name Says "Feeder." The Regulatory Data Says Otherwise.
This is the most distinctive issue in the DIMA TEF II review.
The legal entity is named:
DIMA TEF II Feeder LP
An investor could reasonably assume from that name that the partnership collects investor capital and contributes substantially all of it into a separate master fund.
However, current private-fund reporting describes the vehicle differently.
It reports:
Feeder Fund: No
Master Fund: No
Standalone Fund: Yes
Fund of Funds: Yes
Those classifications describe a materially different structure from the traditional feeder-master model.
A traditional feeder typically channels capital into another pooled investment vehicle.
A fund of funds can instead invest across multiple underlying private funds or investment vehicles.
For this reason, FilingDossier would not describe DIMA TEF II as a conventional feeder fund solely because "Feeder" appears in the legal name.
Investors should request the current private placement memorandum, limited partnership agreement, organizational chart, audited financial statements, and current private-fund disclosures.
What the SEC Filing Shows
The September 18, 2026 Form D/A identifies DIMA TEF II Feeder LP as a Delaware limited partnership formed in 2024.
Its principal business address is:
3495 Butler Street Pittsburgh, Pennsylvania 15201
Phone:
412-586-5406
The filing identifies DIMA TEF II Feeder GP LLC as the fund's general partner.
Quattro Advisors, L.L.C. also appears as a related executive entity.
The fund and Quattro use the same Pittsburgh operating location, creating a clear identity connection between the issuer and investment adviser.
This Is Not a New September 2026 Fund
The September 2026 amendment is not the fund's first appearance in the Form D system.
Its filing history includes:
October 3, 2024 — New Form D
September 19, 2025 — Form D/A
September 18, 2026 — Form D/A
The 2025 amendment reported approximately $20.625 million of securities sold.
It also reported November 29, 2024 as the date of first sale.
DIMA TEF II should therefore be described as a 2024-vintage private investment vehicle with an ongoing Form D history, rather than as a newly launched 2026 fund.
Form D and Form ADV Measure Different Things
The Form D does not provide a simple current NAV figure.
Current private-fund reporting instead indicates approximately $20.6 million in gross assets.
These figures should not be treated as interchangeable.
Form D primarily concerns the exempt securities offering.
Form ADV private-fund reporting can contain information about gross assets, ownership, structural characteristics, and service providers.
Neither figure should automatically be presented as the fund's current net asset value.
For accuracy, FilingDossier would describe the figure as:
Approximately $20.6 million in reported gross private-fund assets.
Who Is Quattro Advisors
Quattro Advisors L.L.C. is a Pittsburgh-based investment adviser associated with the DIMA fund family.
The adviser reports CRD number 146438.
Its principal office is located at:
3495 Butler Street Suite 100 Pittsburgh, Pennsylvania 15201
Quattro describes its business as providing investment advisory services and alternative-investment strategies.
Current adviser data reports approximately $662 million in regulatory assets under management and more than 2,000 client accounts.
Those figures describe Quattro Advisors as a whole.
They should not be confused with the approximately $20.6 million reported for DIMA TEF II Feeder LP.
Quattro Adviser AUM Is Not DIMA Fund AUM
This distinction is important.
Quattro Advisors may manage hundreds of millions of dollars across multiple client relationships and private vehicles.
DIMA TEF II is only one of those vehicles.
Therefore:
Quattro adviser AUM does not equal DIMA TEF II fund assets.
Likewise, DIMA TEF II reported assets should not be used to describe the size of the overall Quattro platform.
DIMA Is a Broader Fund Family
Regulatory records identify several DIMA-branded investment vehicles connected to Quattro Advisors.
These include:
DIMA TEF II Feeder LP
DIMA Courtside Fund, LP
DIMA GP Insight Fund, LP
DIMA Relative Fund LP
DIMA Relative Offshore Fund
This suggests that DIMA is not simply a one-off legal entity name.
It is part of a broader group of private investment vehicles associated with Quattro Advisors.
For FilingDossier, that means future DIMA entities should generally be evaluated as part of the same adviser ecosystem rather than treated automatically as unrelated investment managers.
Service Providers Provide an Additional Verification Layer
One of the stronger aspects of the public record is the availability of service-provider information.
Current private-fund data reports:
Custodian: PNC Bank
Administrator: Formidium
Auditor: Baker Tilly US
Prime Broker: None reported
The same reporting indicates that the fund is annually audited, uses GAAP financial reporting, and has independent valuation associated with reported assets.
These details are useful because a CIK alone tells investors very little about operational infrastructure.
An identifiable custodian, administrator, and auditor provide additional counterparties that can potentially be independently verified.
Investors should still confirm that each service-provider relationship remains current before investing.
Reported Minimum Investment: $250,000
Current private-fund information reports a minimum investment of approximately $250,000.
That provides useful context regarding the fund's target investor base.
However, private funds can sometimes permit waivers, related-party investments, employee investments, different interest classes, or individually negotiated commitments.
The controlling document is therefore the current subscription agreement and private placement memorandum.
Approximately 80 Beneficial Owners
Current private-fund data reports approximately 80 beneficial owners.
This suggests that the vehicle is not simply an inactive shell with no investor base.
However, the number alone does not reveal:
Ownership concentration
Largest investor exposure
Related-party ownership
Current redemption activity
Investor residency
Current committed capital
Current NAV
Those details require more complete financial and investor reporting.
Historical Adviser Regulatory Matter
Quattro Advisors also has historical state-level regulatory history that sophisticated investors may wish to review.
In 2013, the Pennsylvania Department of Banking and Securities entered into a Consent Agreement and Order involving Quattro Advisors.
The matter related to findings by the state regulator concerning Pennsylvania securities-law requirements.
Quattro entered the agreement without admitting or denying the allegations.
This was an adviser-level matter from more than a decade before the current DIMA TEF II filing.
It should not be presented as evidence that DIMA TEF II itself committed misconduct.
However, investors performing manager-level due diligence may reasonably review the original order, the conduct involved, the resolution, and whether any later regulatory matters occurred.
The Fund Structure Matters More Than the Name
Someone searching:
DIMA TEF II Feeder legit
DIMA TEF II SEC
DIMA TEF II Quattro Advisors
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or
DIMA TEF II fund
may initially be trying to determine whether the entity exists.
That question is relatively straightforward.
The entity exists in public regulatory records.
Its SEC CIK can be verified.
Its general partner can be identified.
Its adviser relationship can be connected to Quattro Advisors.
Its reported service providers are identifiable.
The more important unresolved issue is what the fund actually does with investor capital.
Does it invest into a single master vehicle
Does it invest across multiple private funds
Does it hold interests in affiliated DIMA funds
Does it allocate capital to external managers
Does it also make direct investments
Those are investment-structure questions, not simple entity-verification questions.
What We Think
DIMA TEF II Feeder LP has a relatively strong public identity trail.
The issuer appears consistently in multiple years of Form D records.
The Pittsburgh address matches the Quattro Advisors operating location.
Quattro Advisors is independently identifiable through regulatory records.
The general partner is disclosed.
The fund has reported gross assets, an investor minimum, beneficial owners, and recognizable service providers.
The primary unresolved issue is the structure.
The legal name says "Feeder," yet current private-fund data describes the vehicle as standalone, not a feeder fund, and a fund of funds.
That does not establish that anything is wrong.
It does mean investors should not infer the current economic structure from the legal name alone.
The current fund documents should answer this directly.
Questions Investors Should Ask
- Is DIMA TEF II Feeder LP currently operating as a feeder fund
- If it is not a feeder fund, why has "Feeder" remained in the legal name
- What underlying funds does DIMA TEF II currently own
- Is the vehicle formally operated as a fund of funds
- Does it invest in other DIMA or Quattro-managed funds
- What percentage of assets is invested in affiliated vehicles
- Are management fees charged at both the DIMA TEF II level and underlying-fund level
- Is the reported $250,000 minimum investment still current
- Is PNC Bank still the custodian
- Is Formidium still the administrator
- Is Baker Tilly US still the auditor
- What has the fund's net performance been since first sale in November 2024
- What distributions have investors received
- What are the lock-up and redemption terms
- How are private investments and underlying fund interests valued
- How does Quattro manage conflicts when allocating capital among affiliated investment vehicles
Risk Factors
Fund-of-Funds Fee Layering
If DIMA TEF II invests in other private funds, investors may indirectly bear expenses at both the DIMA vehicle level and underlying fund level.
Structural Ambiguity
The legal name suggests a feeder structure, while current private-fund reporting describes the vehicle as standalone and not a feeder fund.
Illiquidity
Private fund-of-funds strategies can involve long holding periods, redemption restrictions, and investments that cannot easily be sold.
Valuation Risk
Private fund interests and other alternative assets may not have observable market prices.
Limited Public Performance Information
Neither Form D nor standard Form ADV reporting provides enough information to independently verify fund-level IRR, MOIC, DPI, or investor returns.
Manager-Level Regulatory History
Quattro Advisors has a historical Pennsylvania regulatory matter from 2013 that investors may wish to review separately as part of manager due diligence.
Final Assessment
DIMA TEF II Feeder LP is a traceable Delaware private investment vehicle with a Form D history dating back to 2024.
Its September 18, 2026 Form D/A confirms:
CIK 0002035812
Rule 506(b)
DIMA TEF II Feeder GP LLC as general partner
and a direct connection to Quattro Advisors L.L.C.
The fund's prior Form D reported approximately $20.625 million of securities sold, while current private-fund reporting indicates approximately $20.6 million in gross assets, a $250,000 minimum investment, approximately 80 beneficial owners, and identifiable custodian, administrator, and auditor relationships.
The most important unresolved point is not whether DIMA TEF II exists.
It does.
The key question is how the vehicle is currently structured.
Its legal name includes "Feeder," while current private-fund reporting describes it as standalone, not a feeder fund, and a fund of funds.
Investors should resolve that issue directly from the latest private placement memorandum, partnership agreement, organizational chart, audited financial statements, and current adviser disclosures before committing capital.
SEC Form D is a notice filing for an exempt securities offering. It does not mean that the SEC has approved DIMA TEF II, verified its investment performance, endorsed Quattro Advisors, or guaranteed investor capital.
Published on FilingDossier: September 20, 2026.
This article is based on publicly available regulatory, adviser, and company information and is provided for independent research and due-diligence purposes only.