Spaulding Equity Fund XI, LLC is a private investment fund based in Stoughton, Wisconsin. According to its most recent Form D, filed Jun 16, 2026, it has sold $5,060,100 of interests to 31 investors since its first sale in Jun 2026. The minimum investment it accepts from an outside investor is $20,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. 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 Justin Spaulding.
- Total raised
- $5,060,100Cumulative sales reported on Form D
- Investors
- 31
- First sale
- Jun 4, 2026
- Minimum investment
- $20,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- $5,000,001 - $25,000,000Self-reported
- Key people and entities
- Justin Spaulding
- Latest Form D
- Jun 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 Spaulding Equity Fund XI, LLC
What is the minimum investment for Spaulding Equity Fund XI, LLC?
According to its latest Form D, filed Jun 16, 2026, the minimum investment Spaulding Equity Fund XI, LLC accepts from an outside investor is $20,000.
Who can invest in Spaulding Equity Fund XI, LLC?
Spaulding Equity Fund XI, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Spaulding Equity Fund XI, LLC raised?
Spaulding Equity Fund XI, LLC reports $5,060,100 sold from 31 investors on its Form D filed Jun 16, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Spaulding Equity Fund XI, LLC based?
Spaulding Equity Fund XI, LLC is based in Stoughton, Wisconsin.
When did Spaulding Equity Fund XI, LLC launch?
Spaulding Equity Fund XI, LLC reports its first sale in Jun 2026, 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 private investment fund
Raised more than 25% of the 60 private investment funds based in Wisconsin, and more than 32% of all 10,270 that report sales.