Spruce Point Value Fund, L.P. is a hedge fund based in New York, New York. According to its most recent Form D, filed May 28, 2014, the fund has sold $1,562,500 of interests to 13 investors since its first sale in Jul 2009. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Spruce Point Capital Partners, LLC; Benjamin Axler.
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
- $1,562,500Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Jul 29, 2009
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Spruce Point Capital Partners, LLC; Benjamin Axler
- Latest Form D
- May 28, 2014
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 Point Value Fund, L.P.
What is the minimum investment for Spruce Point Value Fund, L.P.?
Spruce Point Value Fund, L.P.'s latest Form D, filed May 28, 2014, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Spruce Point Value Fund, L.P.?
Spruce Point Value Fund, L.P. is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Spruce Point Value Fund, L.P. raised?
Spruce Point Value Fund, L.P. reports $1,562,500 sold from 13 investors on its Form D filed May 28, 2014. This is cumulative sales since the offering began, not current assets or performance.
Where is Spruce Point Value Fund, L.P. based?
Spruce Point Value Fund, L.P. is based in New York, New York.
When did Spruce Point Value Fund, L.P. launch?
Spruce Point Value Fund, L.P. reports its first sale in Jul 2009.
Size compared with every hedge fund
Raised more than 13% of the 2,528 hedge funds based in New York, and more than 7% of all 10,140 that report sales.