SPC Mountain Ridge LLC is a real estate fund based in Lake Elmo, Minnesota. According to its most recent Form D, filed Dec 5, 2025, it has sold $3,187,500 of interests to 46 investors since its first sale in Oct 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 Drew McWilliams; Jeremy Dyer; Tyler Trumbach.
- Total raised
- $3,187,500Cumulative sales reported on Form D
- Investors
- 46
- First sale
- Oct 1, 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
- Drew McWilliams; Jeremy Dyer; Tyler Trumbach
- Latest Form D
- Dec 5, 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 SPC Mountain Ridge LLC
What is the minimum investment for SPC Mountain Ridge LLC?
SPC Mountain Ridge LLC's latest Form D, filed Dec 5, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in SPC Mountain Ridge LLC?
SPC Mountain Ridge 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 Mountain Ridge LLC raised?
SPC Mountain Ridge LLC reports $3,187,500 sold from 46 investors on its Form D filed Dec 5, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is SPC Mountain Ridge LLC based?
SPC Mountain Ridge LLC is based in Lake Elmo, Minnesota.
When did SPC Mountain Ridge LLC launch?
SPC Mountain Ridge LLC reports its first sale in Oct 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 66% of the 194 real estate funds based in Minnesota, and more than 56% of all 7,321 that report sales.