Spruce Alpha Fund LP is a hedge fund based in Stamford, Connecticut. According to its most recent Form D, filed Aug 17, 2015, the fund has sold $34,844,738 of interests to 47 investors since its first sale in Aug 2014. 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 Spruce Investment Advisors, LLC; John Bailey; Spruce Capital Management 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
- $34,844,738Cumulative sales reported on Form D
- Investors
- 47
- First sale
- Aug 1, 2014
- 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
- Spruce Investment Advisors, LLC; John Bailey; Spruce Capital Management LLC
- Latest Form D
- Aug 17, 2015
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 Alpha Fund LP
What is the minimum investment for Spruce Alpha Fund LP?
Spruce Alpha Fund LP's latest Form D, filed Aug 17, 2015, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Spruce Alpha Fund LP?
Spruce Alpha Fund LP 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 Alpha Fund LP raised?
Spruce Alpha Fund LP reports $34,844,738 sold from 47 investors on its Form D filed Aug 17, 2015. This is cumulative sales since the offering began, not current assets or performance.
Where is Spruce Alpha Fund LP based?
Spruce Alpha Fund LP is based in Stamford, Connecticut.
When did Spruce Alpha Fund LP launch?
Spruce Alpha Fund LP reports its first sale in Aug 2014.
Size compared with every hedge fund
Raised more than 45% of the 860 hedge funds based in Connecticut, and more than 40% of all 10,129 that report sales.