Sparrow Run Partners, LLC is a real estate fund based in Birmingham, Alabama. According to its most recent Form D, filed Dec 30, 2025, it has sold $9,787,500 of interests to 116 investors since its first sale in Dec 2025. The minimum investment it accepts from an outside investor is $50,000. 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 Jeffrey Smith.
- Total raised
- $9,787,500Cumulative sales reported on Form D
- Investors
- 116
- First sale
- Dec 24, 2025
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Jeffrey Smith
- Latest Form D
- Dec 30, 2025
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 Sparrow Run Partners, LLC
What is the minimum investment for Sparrow Run Partners, LLC?
According to its latest Form D, filed Dec 30, 2025, the minimum investment Sparrow Run Partners, LLC accepts from an outside investor is $50,000.
Who can invest in Sparrow Run Partners, LLC?
Sparrow Run Partners, 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 Sparrow Run Partners, LLC raised?
Sparrow Run Partners, LLC reports $9,787,500 sold from 116 investors on its Form D filed Dec 30, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Sparrow Run Partners, LLC based?
Sparrow Run Partners, LLC is based in Birmingham, Alabama.
When did Sparrow Run Partners, LLC launch?
Sparrow Run Partners, 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 80% of the 91 real estate funds based in Alabama, and more than 78% of all 7,321 that report sales.