SPC Bluestone LLC is a real estate fund based in Lake Elmo, Minnesota. According to its most recent Form D, filed Jul 10, 2026, it has sold $5,636,522 of interests to 91 investors since its first sale in Apr 2026. 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; Nathan Wagner; Anthony Figliola.
- Total raised
- $5,636,522Cumulative sales reported on Form D
- Investors
- 91
- First sale
- Apr 23, 2026
- 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; Nathan Wagner; Anthony Figliola
- Latest Form D
- Jul 10, 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 Bluestone LLC
What is the minimum investment for SPC Bluestone LLC?
SPC Bluestone LLC's latest Form D, filed Jul 10, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SPC Bluestone LLC?
SPC Bluestone 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 Bluestone LLC raised?
SPC Bluestone LLC reports $5,636,522 sold from 91 investors on its Form D filed Jul 10, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is SPC Bluestone LLC based?
SPC Bluestone LLC is based in Lake Elmo, Minnesota.
When did SPC Bluestone LLC launch?
SPC Bluestone LLC reports its first sale in Apr 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 real estate fund
Raised more than 78% of the 195 real estate funds based in Minnesota, and more than 68% of all 7,322 that report sales.