SPCM Ac L.P. is a venture capital fund based in Houston, Texas. According to its most recent Form D, filed Oct 8, 2024, it has sold $2,050,000 of interests to 10 investors since its first sale in Oct 2024. The minimum investment it accepts from an outside investor is $50,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Swan Peak Capital Management, LLC; Barrett Toole.
- Total raised
- $2,050,000Cumulative sales reported on Form D
- Investors
- 10
- First sale
- Oct 2, 2024
- Minimum investment
- $50,000
- 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
- Swan Peak Capital Management, LLC; Barrett Toole
- Latest Form D
- Oct 8, 2024
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 SPCM Ac L.P.
What is the minimum investment for SPCM Ac L.P.?
According to its latest Form D, filed Oct 8, 2024, the minimum investment SPCM Ac L.P. accepts from an outside investor is $50,000.
Who can invest in SPCM Ac L.P.?
SPCM Ac 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 SPCM Ac L.P. raised?
SPCM Ac L.P. reports $2,050,000 sold from 10 investors on its Form D filed Oct 8, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is SPCM Ac L.P. based?
SPCM Ac L.P. is based in Houston, Texas.
When did SPCM Ac L.P. launch?
SPCM Ac L.P. reports its first sale in Oct 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 venture capital fund
Raised more than 62% of the 495 venture capital funds based in Texas, and more than 72% of all 15,160 that report sales.