Alpine Recap LLC is a real estate fund based in Spokane, Washington. According to its most recent Form D, filed Jan 16, 2026, it has sold $886,851 of interests to 10 investors since its first sale in Dec 2025. The minimum investment it accepts from an outside investor is $20,000. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Joel Kelman.
- Total raised
- $886,851Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Dec 24, 2025
- Minimum investment
- $20,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Joel Kelman
- Latest Form D
- Jan 16, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Alpine Recap LLC
What is the minimum investment for Alpine Recap LLC?
According to its latest Form D, filed Jan 16, 2026, the minimum investment Alpine Recap LLC accepts from an outside investor is $20,000.
Who can invest in Alpine Recap LLC?
Alpine Recap LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has Alpine Recap LLC raised?
Alpine Recap LLC reports $886,851 sold from 10 investors on its Form D filed Jan 16, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Alpine Recap LLC based?
Alpine Recap LLC is based in Spokane, Washington.
When did Alpine Recap LLC launch?
Alpine Recap LLC reports its first sale in Dec 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 47% of the 298 real estate funds based in Washington, and more than 31% of all 7,591 that report sales.