-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 Dy9hwiBZcrsOg6FkKWpI9g==

<SEC-DOCUMENT>0001144204-09-024316.txt : 20090506
<SEC-HEADER>0001144204-09-024316.hdr.sgml : 20090506
<ACCEPTANCE-DATETIME>20090506131527
ACCESSION NUMBER:		0001144204-09-024316
CONFORMED SUBMISSION TYPE:	D
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:		20090506
DATE AS OF CHANGE:		20090506
EFFECTIVENESS DATE:		20090506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Keltic Financial Partners II, LP
		CENTRAL INDEX KEY:			0001461724
		IRS NUMBER:				264420840
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1209

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-130724
		FILM NUMBER:		09800576

	BUSINESS ADDRESS:	
		STREET 1:		580 WHITE PLAINS ROAD
		STREET 2:		SUITE 610
		CITY:			TARRYTOWN
		STATE:			NY
		ZIP:			10591
		BUSINESS PHONE:		(914) 921-3555

	MAIL ADDRESS:	
		STREET 1:		580 WHITE PLAINS ROAD
		STREET 2:		SUITE 610
		CITY:			TARRYTOWN
		STATE:			NY
		ZIP:			10591
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0301</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001461724</cik>
        <entityName>Keltic Financial Partners II, LP</entityName>
        <issuerAddress>
            <street1>580 White Plains Road</street1>
            <street2>Suite 610</street2>
            <city>Tarrytown</city>
            <stateOrCountry>NY</stateOrCountry>
            <zipCode>10591</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(914) 921-3555</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <middleName></middleName>
                <lastName>Keltic Financial Services, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>580 White Plains Road</street1>
                <street2>Suite 610</street2>
                <city>Tarrytown</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10591</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName>P.</middleName>
                <lastName>Reilly</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>580 White Plains Road</street1>
                <street2>Suite 610</street2>
                <city>Tarrytown</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10591</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>President, CEO and a Managing Member of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <middleName></middleName>
                <lastName>Donlin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>580 White Plains Road</street1>
                <street2>Suite 610</street2>
                <city>Tarrytown</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10591</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Steven</firstName>
                <middleName></middleName>
                <lastName>Fischer</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>580 White Plains Road</street1>
                <street2>Suite 610</street2>
                <city>Tarrytown</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10591</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ernest</firstName>
                <middleName></middleName>
                <lastName>Henninger</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>580 White Plains Road</street1>
                <street2>Suite 610</street2>
                <city>Tarrytown</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10591</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName>E.</middleName>
                <lastName>Franz</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>580 White Plains Road</street1>
                <street2>Suite 610</street2>
                <city>Tarrytown</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10591</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Oleh</firstName>
                <middleName></middleName>
                <lastName>Szczupak</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>580 White Plains Road</street1>
                <street2>Suite 610</street2>
                <city>Tarrytown</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10591</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Private Equity Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-05-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>22947752</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>22</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Keltic Financial Partners II, LP</issuerName>
                <signatureName>/s/ John P. Reilly</signatureName>
                <nameOfSigner>John P. Reilly</nameOfSigner>
                <signatureTitle>President and CEO of General Partner</signatureTitle>
                <signatureDate>2009-05-04</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----