SPC Avalon LLC is a real estate fund based in Lake Elmo, Minnesota. According to its most recent Form D, filed Jan 23, 2026, it has sold $5,479,500 of interests to 69 investors since its first sale in Dec 2025. The filing does not set a minimum investment. 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 Samantha Guthrie; Jeremy Dyer; Jerry Smith.
- Total raised
- $5,479,500Cumulative sales reported on Form D
- Investors
- 69
- First sale
- Dec 30, 2025
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Samantha Guthrie; Jeremy Dyer; Jerry Smith
- Latest Form D
- Jan 23, 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 SPC Avalon LLC
What is the minimum investment for SPC Avalon LLC?
SPC Avalon LLC's latest Form D, filed Jan 23, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SPC Avalon LLC?
SPC Avalon 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 SPC Avalon LLC raised?
SPC Avalon LLC reports $5,479,500 sold from 69 investors on its Form D filed Jan 23, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is SPC Avalon LLC based?
SPC Avalon LLC is based in Lake Elmo, Minnesota.
When did SPC Avalon LLC launch?
SPC Avalon 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 77% of the 196 real estate funds based in Minnesota, and more than 67% of all 7,337 that report sales.