-----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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 VZ929EftsbbdgQle/SpbDQ==

<SEC-DOCUMENT>0001466186-09-000006.txt : 20090723
<SEC-HEADER>0001466186-09-000006.hdr.sgml : 20090723
<ACCEPTANCE-DATETIME>20090723160036
ACCESSION NUMBER:		0001466186-09-000006
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)(7)
FILED AS OF DATE:		20090723
DATE AS OF CHANGE:		20090723
EFFECTIVENESS DATE:		20090723

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CB Parallel Fund VII, Limited Partnership
		CENTRAL INDEX KEY:			0001468743
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MA

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-133048
		FILM NUMBER:		09959407

	BUSINESS ADDRESS:	
		STREET 1:		C/O CHARLESBANK CAPITAL PARTNERS, LLC
		STREET 2:		200 CLARENDON STREET, 54TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		617-619-5466

	MAIL ADDRESS:	
		STREET 1:		C/O CHARLESBANK CAPITAL PARTNERS, LLC
		STREET 2:		200 CLARENDON STREET, 54TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001468743</cik>
        <entityName>CB Parallel Fund VII, Limited Partnership</entityName>
        <issuerAddress>
            <street1>200 CLARENDON STREET, 54TH FLOOR</street1>
            <street2></street2>
            <city>BOSTON</city>
            <stateOrCountry>MA</stateOrCountry>
            <zipCode>02116</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>617-619-5466</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>MASSACHUSETTS</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JON</firstName>
                <middleName>M.</middleName>
                <lastName>BIOTTI</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O CHARLESBANK CAPITAL PARTNERS, LLC</street1>
                <street2>200 CLARENDON STREET, 54TH FLOOR</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02116</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>MICHAEL</firstName>
                <middleName>W.</middleName>
                <lastName>CHOE</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O CHARLESBANK CAPITAL PARTNERS, LLC</street1>
                <street2>200 CLARENDON STREET, 54TH FLOOR</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02116</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>KIM</firstName>
                <middleName>G.</middleName>
                <lastName>DAVIS</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O CHARLESBANK CAPITAL PARTNERS, LLC</street1>
                <street2>200 CLARENDON STREET, 54TH FLOOR</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02116</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>MICHAEL</firstName>
                <middleName>R.</middleName>
                <lastName>EISENSON</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O CHARLESBANK CAPITAL PARTNERS, LLC</street1>
                <street2>200 CLARENDON STREET, 54TH FLOOR</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02116</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>ANDREW</firstName>
                <middleName>S.</middleName>
                <lastName>JANOWER</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O CHARLESBANK CAPITAL PARTNERS, LLC</street1>
                <street2>200 CLARENDON STREET, 54TH FLOOR</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02116</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>TIM</firstName>
                <middleName>R.</middleName>
                <lastName>PALMER</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O CHARLESBANK CAPITAL PARTNERS, LLC</street1>
                <street2>200 CLARENDON STREET, 54TH FLOOR</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02116</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>BRANDON</firstName>
                <middleName>C.</middleName>
                <lastName>WHITE</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>C/O CHARLESBANK CAPITAL PARTNERS, LLC</street1>
                <street2>200 CLARENDON STREET, 54TH FLOOR</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>02116</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </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.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-07-09</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>5000000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>110000000</totalOfferingAmount>
            <totalAmountSold>110000000</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>CB Parallel Fund VII, Limited Partnership</issuerName>
                <signatureName>TAMI E. NASON</signatureName>
                <nameOfSigner>TAMI E. NASON</nameOfSigner>
                <signatureTitle>SR. VICE PRESIDENT &amp; GENERAL COUNSEL OF THE GP OF THE GP</signatureTitle>
                <signatureDate>2009-07-23</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----