SPC Hillcrest LLC is a real estate fund based in Lake Elmo, Minnesota. According to its most recent Form D, filed Oct 28, 2024, it has sold $5,929,000 of interests to 87 investors since its first sale in Oct 2024. 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. Related persons named in the filing include Timothy Olson; Nathan Wagner; Nicholas Stromwall.
- Total raised
- $5,929,000Cumulative sales reported on Form D
- Investors
- 87
- First sale
- Oct 18, 2024
- 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
- Timothy Olson; Nathan Wagner; Nicholas Stromwall
- Latest Form D
- Oct 28, 2024
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 Hillcrest LLC
What is the minimum investment for SPC Hillcrest LLC?
SPC Hillcrest LLC's latest Form D, filed Oct 28, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SPC Hillcrest LLC?
SPC Hillcrest 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 Hillcrest LLC raised?
SPC Hillcrest LLC reports $5,929,000 sold from 87 investors on its Form D filed Oct 28, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is SPC Hillcrest LLC based?
SPC Hillcrest LLC is based in Lake Elmo, Minnesota.
When did SPC Hillcrest LLC launch?
SPC Hillcrest LLC reports its first sale in Oct 2024.
Size compared with every real estate fund
Raised more than 82% of the 194 real estate funds based in Minnesota, and more than 69% of all 7,316 that report sales.