Spruce House Partnership (AI) LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Dec 12, 2025, the fund has sold $925,552,599 of interests to 128 investors since its first sale in Sep 2006. The minimum investment it accepts from an outside investor is $1. 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 Zachary Sternberg; Benjamin Stein; Spruce House Capital LLC.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $925,552,599Cumulative sales reported on Form D
- Investors
- 128
- First sale
- Sep 1, 2006
- Minimum investment
- $1
- 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
- Zachary Sternberg; Benjamin Stein; Spruce House Capital LLC
- Latest Form D
- Dec 12, 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 HedgeMountain 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
Size compared with every hedge fund
Raised more than 87% of the 2,479 hedge funds based in New York, and more than 89% of all 10,157 that report sales.