SPCM Ac II, L.P. is a venture capital fund based in Houston, Texas. According to its most recent Form D, filed Apr 15, 2025, it has sold $1,300,000 of interests to 11 investors since its first sale in Apr 2025. The minimum investment it accepts from an outside investor is $50,000. 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 Swan Peak Capital Management, LLC; Barrett Toole.
- Total raised
- $1,300,000Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Apr 1, 2025
- Minimum investment
- $50,000
- 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
- Swan Peak Capital Management, LLC; Barrett Toole
- Latest Form D
- Apr 15, 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 SPCM Ac II, L.P.
What is the minimum investment for SPCM Ac II, L.P.?
According to its latest Form D, filed Apr 15, 2025, the minimum investment SPCM Ac II, L.P. accepts from an outside investor is $50,000.
Who can invest in SPCM Ac II, L.P.?
SPCM Ac II, L.P. 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 SPCM Ac II, L.P. raised?
SPCM Ac II, L.P. reports $1,300,000 sold from 11 investors on its Form D filed Apr 15, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is SPCM Ac II, L.P. based?
SPCM Ac II, L.P. is based in Houston, Texas.
When did SPCM Ac II, L.P. launch?
SPCM Ac II, L.P. reports its first sale in Apr 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 venture capital fund
Raised more than 57% of the 495 venture capital funds based in Texas, and more than 65% of all 15,160 that report sales.