Independent Verdict
Verso Investment Partners II, LP is a verifiable Delaware private investment fund with a clear regulatory connection to Verso Partners LP.
The fund operates under CIK 0002083166 and filed its latest Form D/A on September 17, 2026.
The filing reports:
Total Amount Sold: $10,000,000
Investors: 1
Offering Amount: Indefinite
Minimum Investment Field: $0
Federal Exemption: Rule 506(b)
Investment Company Act Exclusion: Section 3(c)(7)
Fund Type: Hedge Fund
First Sale: April 1, 2026
The SEC filing identifies Verso Partners LP as the investment manager and Verso GP LLC as the general partner.
Michael Siliciano signed the filing as Managing Member of the General Partner.
This provides a strong regulatory connection between Fund II and the broader Verso Partners investment platform.
The main due-diligence question is not whether the fund and manager exist.
They do.
The more important question is why the latest filing reports only one investor providing the full $10 million currently disclosed and how Fund II differs from the earlier Verso Investment Partners I.
Key Findings
Issuer: Verso Investment Partners II, LP
CIK: 0002083166
Entity Type: Limited Partnership
Jurisdiction: Delaware
Formation Year: 2025
Latest Filing: Form D/A
Filing Date: September 17, 2026
Industry: Pooled Investment Fund
Fund Type: Hedge Fund
Federal Exemption: Rule 506(b)
Investment Company Act Exclusion: Section 3(c)(7)
Offering Amount: Indefinite
Amount Sold: $10,000,000
Investors: 1
Minimum Investment Field: $0
Sales Commissions: $0
Finder's Fees: $0
Investment Manager: Verso Partners LP
General Partner: Verso GP LLC
Signer: Michael Siliciano
Principal Address:
655 Montgomery Street Suite 840 San Francisco, California 94111
Phone:
646-829-0373
The $10 Million Came From One Reported Investor
The most distinctive fact in the September amendment is the investor count.
The filing reports:
$10 million sold
and:
1 investor.
That means the entire amount currently disclosed is associated with a single reported investor.
This does not necessarily mean Fund II will remain a one-investor fund.
The total offering is indefinite, so additional investors may enter later.
But at the filing date, the investor base was extremely concentrated.
That creates a very different early fundraising profile from a fund that reaches the same $10 million amount through dozens of investors.
Investors should therefore ask whether the first investor is:
an institution,
a family office,
an affiliated investor,
a seed investor,
or another type of limited partner.
The Form D does not disclose the investor's identity.
Verso Partners Is Directly Named as Investment Manager
There is little ambiguity regarding the manager relationship.
The Form D identifies:
Verso Partners LP
as:
Investment Manager.
It also identifies:
Verso GP LLC
as:
General Partner.
Both entities use the same San Francisco address as the fund.
That gives the vehicle a direct management connection rather than one inferred from a similar name.
Verso Partners also has a separate investment adviser regulatory record.
Public Form ADV-derived information reports Verso Partners under SEC file number 801-123135 and firm CRD 318319.
Recent adviser data reports regulatory assets under management of approximately $522 million.
Other regulatory summaries using earlier reported periods show approximately $532 million.
These figures describe the investment adviser, not Fund II itself.
They should not be treated as Fund II assets.
Fund II Is Not Verso's First Private Vehicle
The historical regulatory record is useful because Verso Investment Partners II follows:
Verso Investment Partners I, LP.
Fund I operates under a different CIK:
0001911275.
Historical SEC filings show the same:
Verso Partners LP
Verso GP LLC
and San Francisco operating address.
That provides clear fund-family continuity.
Fund I has also reported substantially more capital than the $10 million currently disclosed by Fund II.
This is useful context, but investors should not combine Fund I and Fund II fundraising or performance figures.
They are separate legal investment vehicles.
The Fund Is Classified as a Hedge Fund
The latest Form D classifies Fund II as:
Hedge Fund.
This matters because the name "Investment Partners" alone does not reveal the strategy.
A hedge fund may invest across public securities, derivatives, short positions, event-driven opportunities, credit or other instruments depending on its mandate.
The Form D does not provide enough detail to determine Fund II's precise portfolio strategy.
Investors therefore need the private placement memorandum to determine:
asset classes,
gross exposure,
net exposure,
use of leverage,
short selling,
derivatives,
concentration limits,
and liquidity terms.
Section 3(c)(7) Also Matters
Fund II relies on:
Section 3(c)(7)
of the Investment Company Act.
That generally places the fund within a qualified-purchaser-oriented private fund structure.
The Form D's reported:
$0 minimum investment
should therefore not be interpreted as meaning the fund is open to anyone with no investment minimum.
Actual eligibility and commitment requirements may appear in the subscription agreement or other offering documents.
The safer wording is:
The Form D minimum investment field is $0.
That is different from saying there is no actual investment minimum.
Verso Partners' Adviser Record Adds Useful Context
Verso Partners' investment adviser filings provide more useful background than the fund name alone.
Public Form ADV-derived data describes the adviser as managing private pooled investment vehicles with discretionary trading authority.
The adviser states that its private funds are offered to accredited investors and qualified purchasers.
Regulatory summaries also identify Michael Siliciano and Joshua Sweren as majority owners and managing partners who direct investment activities and fund operations.
This creates a broader operating history around Fund II.
However, it still does not tell investors exactly what Fund II currently owns.
That distinction is important.
Manager-level AUM is not fund-level NAV.
Historical manager experience is not Fund II performance.
Why the Website Is Listed as Not Independently Confirmed
FilingDossier did not identify a public website that could be confidently matched to Verso Partners LP through a combination of legal name, SEC adviser number, address and management information.
This does not invalidate the manager.
Private investment advisers sometimes maintain limited public-facing websites or operate primarily through investor relationships.
For this fund, SEC and Form ADV records currently provide stronger verification than website branding.
The correct conclusion is therefore:
Official public website: Not independently confirmed.
That is more reliable than attaching the fund to an unrelated company using the Verso name.
What We Think
Verso Investment Partners II has a strong regulatory identity but limited public strategy disclosure.
The SEC filing confirms:
CIK 0002083166,
Verso Partners LP,
Verso GP LLC,
the San Francisco address,
Michael Siliciano,
$10 million sold,
one investor,
Rule 506(b),
Section 3(c)(7),
and hedge fund classification.
The historical Fund I record also provides continuity with the same management structure.
The most unusual point is the current concentration of reported capital in one investor.
That does not indicate a problem by itself.
It simply means the fund was still at an early fundraising stage when the amendment was filed.
For investors, the more important questions involve strategy, leverage, liquidity, valuation and the relationship between Fund II and other Verso-managed funds.
What Investors Should Verify
Investors should confirm:
Current total assets of Fund II
Identity and type of seed investor
Final fundraising target
Actual minimum commitment
Investment strategy
Gross and net exposure limits
Use of leverage
Use of derivatives
Short-selling policy
Liquidity terms
Lock-up period
Redemption frequency
Management fee
Performance fee
High-water mark
Valuation methodology
Fund administrator
Auditor
Prime broker
Custodian
Relationship with Verso Investment Partners I
Allocation policy across Verso funds
Current amount raised after September 17, 2026
Risk Factors
Investor Concentration
The latest filing reports one investor providing the entire $10 million currently sold.
Strategy Transparency
The Form D identifies a hedge fund but does not disclose the detailed portfolio strategy.
Leverage and Derivatives Risk
Hedge fund strategies may use leverage, derivatives or short positions, depending on the offering documents.
Liquidity Risk
Private fund interests may be subject to lock-ups and redemption restrictions.
Valuation Risk
Certain investments may not have readily observable market prices.
Fund-Family Allocation Risk
Multiple Verso-managed vehicles may create questions about allocation of investment opportunities.
Manager Versus Fund AUM
Verso Partners' regulatory AUM should not be confused with Fund II assets.
Form D Is Not SEC Approval
The filing confirms an exempt securities offering notice.
It does not mean the SEC approved Verso Investment Partners II, Verso Partners LP, the investment strategy or future returns.
Final Assessment
Verso Investment Partners II, LP is a verifiable Delaware hedge fund operating under SEC CIK 0002083166.
Its September 17, 2026 Form D/A reports:
$10 million sold
1 investor
an indefinite offering
Rule 506(b)
Section 3(c)(7)
and hedge fund classification.
The filing directly identifies Verso Partners LP as investment manager and Verso GP LLC as general partner.
Michael Siliciano signed the filing as Managing Member of the General Partner.
Historical SEC records also show Verso Investment Partners I using the same management entities and operating location, establishing a clear fund-family history.
The strongest independent finding is therefore not simply that Fund II exists.
It is that the new fund sits within an established Verso regulatory structure while still showing a highly concentrated early investor base.
Before investing, investors should review the private placement memorandum, limited partnership agreement, current portfolio, leverage policy, redemption terms, valuation procedures, management fee, performance allocation, administrator, auditor, prime broker and allocation policy across Verso-managed funds.
SEC Form D is a notice filing for an exempt securities offering. It does not constitute SEC approval, verification of Verso's investment performance or a guarantee of investor returns.
Published on FilingDossier: September 20, 2026.
This article is based on publicly available regulatory and investment adviser information and is provided for independent research and due-diligence purposes only.