-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001468204-09-000001.txt : 20090713
<SEC-HEADER>0001468204-09-000001.hdr.sgml : 20090713
<ACCEPTANCE-DATETIME>20090713140520
ACCESSION NUMBER:		0001468204-09-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090713
DATE AS OF CHANGE:		20090713
EFFECTIVENESS DATE:		20090713

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CMS Educational Assets Fund II, L.P.
		CENTRAL INDEX KEY:			0001468204
		IRS NUMBER:				264559703
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-132673
		FILM NUMBER:		09941748

	BUSINESS ADDRESS:	
		STREET 1:		308 EAST LANCASTER AVENUE
		STREET 2:		SUITE 300
		CITY:			WYNNEWOOD
		STATE:			PA
		ZIP:			19096-2145
		BUSINESS PHONE:		(610) 896-3000

	MAIL ADDRESS:	
		STREET 1:		308 EAST LANCASTER AVENUE
		STREET 2:		SUITE 300
		CITY:			WYNNEWOOD
		STATE:			PA
		ZIP:			19096-2145
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001468204</cik>
        <entityName>CMS Educational Assets Fund II, L.P.</entityName>
        <issuerAddress>
            <street1>308 EAST LANCASTER AVENUE</street1>
            <street2>SUITE 300</street2>
            <city>WYNNEWOOD</city>
            <stateOrCountry>PA</stateOrCountry>
            <zipCode>19096-2145</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(610) 896-3000</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2008</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mark</firstName>
                <middleName>I.</middleName>
                <lastName>Solomon</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>308 E. Lancaster Avenue</street1>
                <street2>Suite 300</street2>
                <city>Wynnewood</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>19096-2145</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer and Director of MSPS Edu, Inc., GP of CMS Edu Associates II, LP, Co-GP of Issuer and Executive Officer and Director of CMS 2007, Inc., GP of CMS 2007 Investment Partners RE, LP and CMS 2007 Investment Partners RE-Q, LP, Co-GP's of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <middleName></middleName>
                <lastName>Silberberg</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>308 East Lancaster Avenue</street1>
                <street2>Suite 300</street2>
                <city>Wynnewood</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>19096-2145</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer and Director of MSPS Edu, Inc.,GP of CMS Edu Associates II, LP, Co-GP of Issuer and Executive Officer and Director of CMS 2007, Inc., GP of CMS 2007 Investment Partners RE, LP and CMS 2007 Investment Partners RE-Q, LP, Co-GP's of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>A.</middleName>
                <lastName>Landman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>308 East Lancaster Avenue</street1>
                <street2>Suite 300</street2>
                <city>Wynnewood</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>19096-2145</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer and Director of MSPS Edu, Inc., GP of CMS Edu Associates II, LP, Co-GP of Issuer and Executive Officer and Director of CMS 2007, Inc. GP of CMS 2007 Investment Partners RE, LP and CMS 2007 Investment Partners RE-Q, LP, Co-GP's of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName>A.</middleName>
                <lastName>Mitchell</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>308 East Lancaster Avenue</street1>
                <street2>Suite 300</street2>
                <city>Wynnewood</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>19096-2145</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of MSPS Edu, Inc., GP of CMS Edu Associates II, LP, Co-GP of Issuer and Executive Officer of CMS 2007, Inc., GP of CMS 2007 Investment Partners RE, LP and CMS 2007 Investment Partners RE-Q, LP, Co-GP's of Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ingrid</firstName>
                <middleName>R.</middleName>
                <lastName>Welch</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>308 East Lancaster Avenue</street1>
                <street2>Suite 300</street2>
                <city>Wynnewood</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>19096-2145</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of MSPS Edu, Inc., GP of CMS Edu Associates II, LP, Co-GP of Issuer and Executive Officer of CMS 2007,Inc., GP of CMS 2207 Investment Partners RE, LP and CMS 2007 Investment Partners RE-Q, LP, CO-GP's of Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>A.</middleName>
                <lastName>Clapper</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>308 East Lancaster Avenue</street1>
                <street2>Suite 300</street2>
                <city>Wynnewood</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>19096-2145</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of MSPS Edu, Inc., GP of CMS Edu Associates II, LP, Co-GP of Issuer and Executive Officer of CMS 2007, Inc., GP of CMS 2007 Investment Partners RE, LP and CMS 2007 Investment Partners RE-Q, LP, Co-GP's of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Morey</firstName>
                <middleName>H.</middleName>
                <lastName>Goldberg</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>308 East Lancaster Avenue</street1>
                <street2>Suite 300</street2>
                <city>Wynnewood</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>19096-2145</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of MSPS Edu, Inc., GP of CMS Edu Associates II, LP, Co-GP of Issuer and Executive Officer of CMS 2007, Inc., GP of CMS 2007 Investment Partners RE, LP and CMS 2007 Investment Partners RE-Q, LP, Co-GP's of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName>T.</middleName>
                <lastName>Aljian</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>308 East Lancaster Avenue</street1>
                <street2>Suite 300</street2>
                <city>Wynnewood</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>19096-2145</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of MSPS Edu, Inc., GP of CMS Edu Associates II, LP, Co-GP of Issuer and Executive Officer of CMS 2007, Inc., GP of CMS 2007 Investment Partners RE, LP and CMS 2007 Investment Partners RE-Q, LP, Co-GP's of Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Daniel</firstName>
                <middleName></middleName>
                <lastName>Eisenstadt</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>308 East Lancaster Avenue</street1>
                <street2>Suite 300</street2>
                <city>Wynnewood</city>
                <stateOrCountry>PA</stateOrCountry>
                <zipCode>19096-2145</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of MSPS Edu, Inc., GP of CMS Edu Associates II, LP, Co-GP of Issuer and Executive Officer of CMS 2007, Inc., GP of CMS 2007 Investment Partners RE, LP and CMS 2007 Investment Partners RE-Q, LP, Co-GP's of Issuer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Investing</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1000000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>CMS Investment Resources, Inc.</recipientName>
                <recipientCRDNumber>10102</recipientCRDNumber>
                <associatedBDName>CMS Investment Resources, Inc.</associatedBDName>
                <associatedBDCRDNumber>10102</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>308 East Lancaster Avenue</street1>
                    <street2>Suite 300</street2>
                    <city>Wynnewood</city>
                    <stateOrCountry>PA</stateOrCountry>
                    <zipCode>19096-2145</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>CO</state>
                    <state>CT</state>
                    <state>DE</state>
                    <state>DC</state>
                    <state>FL</state>
                    <state>GA</state>
                    <state>ID</state>
                    <state>IL</state>
                    <state>IN</state>
                    <state>LA</state>
                    <state>MD</state>
                    <state>MA</state>
                    <state>MI</state>
                    <state>MS</state>
                    <state>NE</state>
                    <state>NH</state>
                    <state>NJ</state>
                    <state>NY</state>
                    <state>NC</state>
                    <state>OH</state>
                    <state>OK</state>
                    <state>OR</state>
                    <state>PA</state>
                    <state>RI</state>
                    <state>SC</state>
                    <state>TN</state>
                    <state>TX</state>
                    <state>VT</state>
                    <state>VA</state>
                    <state>WI</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>50000000</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>50000000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>No commissions paid as of this date as no sales have been made as of this date.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>CMS Educational Assets Fund II, L.P.</issuerName>
                <signatureName>Ingrid Welch</signatureName>
                <nameOfSigner>Ingrid Welch</nameOfSigner>
                <signatureTitle>Vice President and Assistant Secretary of GP of GP of Issuer</signatureTitle>
                <signatureDate>2009-07-13</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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