Spruce Fund L.P. is a private investment fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Sep 11, 2020, it has sold $10,350,000 of interests to 5 investors since its first sale in Aug 2020. 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 Sa Zhou; Shi Xu; Spruce Fund Inc.
- Total raised
- $10,350,000Cumulative sales reported on Form D
- Investors
- 5
- First sale
- Aug 28, 2020
- 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
- Sa Zhou; Shi Xu; Spruce Fund Inc
- Latest Form D
- Sep 11, 2020
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 Spruce Fund L.P.
What is the minimum investment for Spruce Fund L.P.?
Spruce Fund L.P.'s latest Form D, filed Sep 11, 2020, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Spruce Fund L.P.?
Spruce 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 Fund L.P. raised?
Spruce Fund L.P. reports $10,350,000 sold from 5 investors on its Form D filed Sep 11, 2020. This is cumulative sales since the offering began, not current assets or performance.
Where is Spruce Fund L.P. based?
Spruce Fund L.P. is based in Grand Cayman, Cayman Islands.
When did Spruce Fund L.P. launch?
Spruce Fund L.P. reports its first sale in Aug 2020.
Size compared with every private investment fund
Raised more than 44% of the 578 private investment funds based in Cayman Islands, and more than 42% of all 10,255 that report sales.