Spruce Hedge Fund Program SPC Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Mar 16, 2018, the fund has sold $33,410,646 of interests to 12 investors since its first sale in Apr 2014. The minimum investment it accepts from an outside investor is $100,000. 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; John Bailey; 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
- $33,410,646Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Apr 1, 2014
- Minimum investment
- $100,000
- 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; John Bailey; Spruce Investment Advisors LLC
- Latest Form D
- Mar 16, 2018
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 Hedge Fund Program SPC Ltd.
What is the minimum investment for Spruce Hedge Fund Program SPC Ltd.?
According to its latest Form D, filed Mar 16, 2018, the minimum investment Spruce Hedge Fund Program SPC Ltd. accepts from an outside investor is $100,000.
Who can invest in Spruce Hedge Fund Program SPC Ltd.?
Spruce Hedge Fund Program SPC Ltd. 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 Hedge Fund Program SPC Ltd. raised?
Spruce Hedge Fund Program SPC Ltd. reports $33,410,646 sold from 12 investors on its Form D filed Mar 16, 2018. This is cumulative sales since the offering began, not current assets or performance.
Where is Spruce Hedge Fund Program SPC Ltd. based?
Spruce Hedge Fund Program SPC Ltd. is based in Grand Cayman, Cayman Islands.
When did Spruce Hedge Fund Program SPC Ltd. launch?
Spruce Hedge Fund Program SPC Ltd. reports its first sale in Apr 2014.
Size compared with every hedge fund
Raised more than 33% of the 2,343 hedge funds based in Cayman Islands, and more than 39% of all 10,128 that report sales.
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