Sparrow Group, L.P. is a venture capital fund based in New York, New York. According to its most recent Form D, filed May 7, 2026, it has sold $20,000,000 of interests to 1 investor since its first sale in Apr 2026. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Sparrow Group GP, LLC; Andrew Zhang.
- Total raised
- $20,000,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Apr 22, 2026
- 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
- Sparrow Group GP, LLC; Andrew Zhang
- Latest Form D
- May 7, 2026
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 Sparrow Group, L.P.
What is the minimum investment for Sparrow Group, L.P.?
Sparrow Group, L.P.'s latest Form D, filed May 7, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Sparrow Group, L.P.?
Sparrow Group, 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 Sparrow Group, L.P. raised?
Sparrow Group, L.P. reports $20,000,000 sold from 1 investor on its Form D filed May 7, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Sparrow Group, L.P. based?
Sparrow Group, L.P. is based in New York, New York.
When did Sparrow Group, L.P. launch?
Sparrow Group, L.P. reports its first sale in Apr 2026, 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 venture capital fund
Raised more than 85% of the 1,252 venture capital funds based in New York, and more than 92% of all 15,160 that report sales.