Spruce Absolute Return Fund, L.P. is a hedge fund based in Stamford, Connecticut. According to its most recent Form D, filed Mar 16, 2016, the fund has sold $76,070,671 of interests to 33 investors since its first sale in Aug 2005. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Robert Bastone; Spruce Capital Management, LLC; Spruce Investment Advisors LLC.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $76,070,671Cumulative sales reported on Form D
- Investors
- 33
- First sale
- Aug 1, 2005
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Robert Bastone; Spruce Capital Management, LLC; Spruce Investment Advisors LLC
- Latest Form D
- Mar 16, 2016
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. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Spruce Absolute Return Fund, L.P.
What is the minimum investment for Spruce Absolute Return Fund, L.P.?
Spruce Absolute Return Fund, L.P.'s latest Form D, filed Mar 16, 2016, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Spruce Absolute Return Fund, L.P.?
Spruce Absolute Return Fund, L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Spruce Absolute Return Fund, L.P. raised?
Spruce Absolute Return Fund, L.P. reports $76,070,671 sold from 33 investors on its Form D filed Mar 16, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Spruce Absolute Return Fund, L.P. based?
Spruce Absolute Return Fund, L.P. is based in Stamford, Connecticut.
When did Spruce Absolute Return Fund, L.P. launch?
Spruce Absolute Return Fund, L.P. reports its first sale in Aug 2005.
Size compared with every hedge fund
Raised more than 63% of the 860 hedge funds based in Connecticut, and more than 53% of all 10,134 that report sales.