SWC Naples LLC is a real estate fund based in Ann Arbor, Michigan. According to its most recent Form D, filed Sep 11, 2025, it has sold $875,000 of interests to 13 investors since its first sale in Sep 2024. The minimum investment it accepts from an outside investor is $50,000. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include _ SWC Naples Management LLC; Elan Ruggill; _ Silver Wave Capital LLC.
- Total raised
- $875,000Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Sep 9, 2024
- Minimum investment
- $50,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- _ SWC Naples Management LLC; Elan Ruggill; _ Silver Wave Capital LLC
- Latest Form D
- Sep 11, 2025
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 SWC Naples LLC
What is the minimum investment for SWC Naples LLC?
According to its latest Form D, filed Sep 11, 2025, the minimum investment SWC Naples LLC accepts from an outside investor is $50,000.
Who can invest in SWC Naples LLC?
SWC Naples LLC is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has SWC Naples LLC raised?
SWC Naples LLC reports $875,000 sold from 13 investors on its Form D filed Sep 11, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is SWC Naples LLC based?
SWC Naples LLC is based in Ann Arbor, Michigan.
When did SWC Naples LLC launch?
SWC Naples LLC reports its first sale in Sep 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 46% of the 103 real estate funds based in Michigan, and more than 31% of all 7,349 that report sales.