Spruce House Partnership (QP) 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 $439,992,589 of interests to 54 investors since its first sale in Feb 2020. The minimum investment it accepts from an outside investor is $1. 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 Zachary Sternberg; Benjamin Stein; Spruce House Capital LLC.
- Total raised
- $439,992,589Cumulative sales reported on Form D
- Investors
- 54
- First sale
- Feb 29, 2020
- Minimum investment
- $1
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- 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 78% of the 2,479 hedge funds based in New York, and more than 80% of all 10,157 that report sales.