WhiteSpruce Fund LP
WhiteSpruce Fund LP is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Oct 16, 2025, the fund has sold $4,162,081,760 of interests to 149 investors since its first sale in Oct 2014. The minimum investment it accepts from an outside investor is $5,000,000. 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 Timothy Hurd; Edward Ludwig IV; BlueSpruce Investments, L.P.
Performance
No verified returns have been reported for this fund. As a rough guide, Bluespruce, which manages it, disclosed U.S. stock holdings that returned an estimated -1.1% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +16.7% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $4,162,081,760Cumulative sales reported on Form D
- Investors
- 149
- First sale
- Oct 15, 2014
- Minimum investment
- $5,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Timothy Hurd; Edward Ludwig IV; BlueSpruce Investments, L.P
- Latest Form D
- Oct 16, 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. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about WhiteSpruce Fund LP
What is the minimum investment for WhiteSpruce Fund LP?
According to its latest Form D, filed Oct 16, 2025, the minimum investment WhiteSpruce Fund LP accepts from an outside investor is $5,000,000.
Who can invest in WhiteSpruce Fund LP?
WhiteSpruce Fund LP 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 WhiteSpruce Fund LP raised?
WhiteSpruce Fund LP reports $4,162,081,760 sold from 149 investors on its Form D filed Oct 16, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is WhiteSpruce Fund LP based?
WhiteSpruce Fund LP is based in Chicago, Illinois and is managed by Bluespruce.
When did WhiteSpruce Fund LP launch?
WhiteSpruce Fund LP reports its first sale in Oct 2014.
Size compared with every hedge fund
Raised more than 98% of the 323 hedge funds based in Illinois, and more than 98% of all 10,308 that report sales.