Chart National II, L.P.

The absence of prior EDGAR filings from this manager indicates either a debut institutional raise, a prior fund structured outside SEC reporting requirements (e.g., sub-$150M or exempt offerings), or a manager newly registered as a GP; the 06b exemption (no public solicitation) confirms the manager is working exclusively from a pre-existing relationship network, which is typical of emerging or regionally-focused PE teams building their first institutional track record.

A May 2026 filing for a $54M fund during a period of higher interest rates and selective LP deployment suggests this manager is either banking on completion of Fund I realizations to attract anchors, or targeting a specific vintage-year LP allocation cycle; the $54M size indicates targeting of lower-middle-market deals, a sector segment where capital has remained available despite broader PE market consolidation.

Before committing, verify whether Fund I has a defined end date or extension mechanism scheduled before Fund II deployment begins, and confirm the specific carve-out rights or co-investment terms available to existing Fund I LPs; additionally, confirm whether the third named GP listed in the filing appears in amendment documents or is a placeholder, as GP attribution changes late in a raise often signal internal restructuring.