-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FNAtZfHxLceqemjo4JhBuBwWGjQ+R2amkyKkIHUaqByXWHnH7yJCKhDB6khWCo7b
 BKBVnyG3+DfT/yhqvOV8tQ==

<SEC-DOCUMENT>0001434166-10-000001.txt : 20100208
<SEC-HEADER>0001434166-10-000001.hdr.sgml : 20100208
<ACCEPTANCE-DATETIME>20100208142435
ACCESSION NUMBER:		0001434166-10-000001
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20100208
DATE AS OF CHANGE:		20100208
EFFECTIVENESS DATE:		20100208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALPHA ATLANTIC CAPITAL FUND II LP
		CENTRAL INDEX KEY:			0001434166
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-117810
		FILM NUMBER:		10580523

	BUSINESS ADDRESS:	
		STREET 1:		101 NE 3RD AVENUE
		STREET 2:		SUITE 1500
		CITY:			FT LAUDERDALE
		STATE:			FL
		ZIP:			33301
		BUSINESS PHONE:		954-332-3502

	MAIL ADDRESS:	
		STREET 1:		101 NE 3RD AVENUE
		STREET 2:		SUITE 1500
		CITY:			FT LAUDERDALE
		STATE:			FL
		ZIP:			33301
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001434166</cik>
        <entityName>ALPHA ATLANTIC CAPITAL FUND II LP</entityName>
        <issuerAddress>
            <street1>101 NE 3RD AVENUE, SUITE 1500</street1>
            <city>FT LAUDERDALE</city>
            <stateOrCountry>FL</stateOrCountry>
            <zipCode>33301</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>954-332-3502</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Alpha Atlantic Fund II GP, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>101 NE 3rd Avenue, Suite 1500</street1>
                <city>Fort Lauderdale</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33301</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <lastName>Grainger</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>101 NE 3rd Avenue, Suite 1500</street1>
                <city>Fort Lauderdale</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33301</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of the General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Steve</firstName>
                <lastName>Skillen</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>101 NE 3rd Avenue, Suite 1500</street1>
                <city>Fort Lauderdale</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33301</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of the General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Manpreet</firstName>
                <lastName>Dhalla</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>101 NE 3rd Avenue, Suite 1500</street1>
                <city>Fort Lauderdale</city>
                <stateOrCountry>FL</stateOrCountry>
                <zipCode>33301</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Manager of the General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Not Applicable</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-09-005399</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-04-17</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>MLP Real Estate Securities, Inc.</recipientName>
                <recipientCRDNumber>140383</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3604 Fair Oaks Blvd.</street1>
                    <street2>Suite 180</street2>
                    <city>Sacramento</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>95864</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>100000000</totalOfferingAmount>
            <totalAmountSold>4415000</totalAmountSold>
            <totalRemaining>95585000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>13</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>88300</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Represents the maximum annual management fee payable on the commitments represented by the limited partnership interests sold through the date hereof.  The management fee is payable out of offering proceeds and/or operating income.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>ALPHA ATLANTIC CAPITAL FUND II LP</issuerName>
                <signatureName>/s/Steve Skillen</signatureName>
                <nameOfSigner>Steve Skillen</nameOfSigner>
                <signatureTitle>Manager of the General Partner of the Issuer</signatureTitle>
                <signatureDate>2010-02-08</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----