SPI Canopy Equity DE, LLC is a real estate fund based in Dallas, Texas. According to its most recent Form D, filed Dec 9, 2025, it has sold $8,645,000 of interests to 59 investors since its first sale in Dec 2025. The minimum investment it accepts from an outside investor is $100,000. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Michael Becker; Sean Mabarak.
- Total raised
- $8,645,000Cumulative sales reported on Form D
- Investors
- 59
- First sale
- Dec 5, 2025
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Michael Becker; Sean Mabarak
- Latest Form D
- Dec 9, 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 SPI Canopy Equity DE, LLC
What is the minimum investment for SPI Canopy Equity DE, LLC?
According to its latest Form D, filed Dec 9, 2025, the minimum investment SPI Canopy Equity DE, LLC accepts from an outside investor is $100,000.
Who can invest in SPI Canopy Equity DE, LLC?
SPI Canopy Equity DE, LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has SPI Canopy Equity DE, LLC raised?
SPI Canopy Equity DE, LLC reports $8,645,000 sold from 59 investors on its Form D filed Dec 9, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is SPI Canopy Equity DE, LLC based?
SPI Canopy Equity DE, LLC is based in Dallas, Texas.
When did SPI Canopy Equity DE, LLC launch?
SPI Canopy Equity DE, 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 84% of the 1,420 real estate funds based in Texas, and more than 76% of all 7,351 that report sales.