Form D · Other Investment Fund
Spring Lake Unconstrained Municipal Opportunities Fund, LLC
Tampa, FL · CIK 0001637173
Offering snapshot reported Dec 17, 2025 · SEC filing
- Reported sold
- $770M Indefinite offering
- Investors reported
- 202 Form D · investor count
- Minimum accepted
- $100K Reported outside-investor minimum
- First sale
- Mar 2, 2015 As reported in this filing
Fundraising history
Reported soldDates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.
What changed?
Latest filing versus its linked predecessor, where available.
- Reported sold$729,932,197 → $769,978,151
- Reported investors194 → 202
Filing history
Scroll to see all columns →
| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Dec 17, 2025 | Amendment | $769,978,151 | $40,045,954vs Dec 17, 2024 | 202 | SEC filing |
| Dec 17, 2024 | Amendment | $729,932,197 | $43,379,950vs Dec 7, 2023 | 194 | SEC filing |
| Dec 7, 2023 | Amendment | $686,552,247 | $60,860,243vs Dec 7, 2022 | 184 | SEC filing |
| Dec 7, 2022 | Amendment | $625,692,004 | $4,765,650vs Dec 9, 2021 | 179 | SEC filing |
| Dec 9, 2021 | Amendment | $620,926,354 | $101,321,143vs Dec 10, 2020 | 165 | SEC filing |
| Dec 10, 2020 | Amendment | $519,605,211 | $69,345,365vs Sep 25, 2018 | 159 | SEC filing |
| Sep 25, 2018 | Amendment | $450,259,846 | $295,907,037vs May 10, 2017 | 163 | SEC filing |
| May 10, 2017 | Amendment | $154,352,809 | $58,937,496vs Feb 23, 2017 | 115 | SEC filing |
| Feb 23, 2017 | Amendment | $95,415,313 | $90,415,313vs Mar 27, 2015 | 90 | SEC filing |
| Mar 27, 2015 | Initial | $5,000,000 | No comparison | 8 | SEC filing |
Offering details
- Securities
- Equity, Pooled investment fund
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $0
- Finders' fees
- $0
- Form D file number
- 021-236835
Source: Form D, filed Dec 17, 2025. Minimum accepted may differ from a standard advertised minimum.
Fund connections
Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.
Matched by reported Form D file number
SPRING LAKE UNCONSTRAINED MUNICIPAL OPPORTUNITIES FUND, LLC
Investment adviser: SPRING LAKE ASSET MANAGEMENT, INC.
- Gross asset value
- $1.28B
- Beneficial owners
- 146
- ADV minimum commitment
- $0
Reported in Form ADV on Mar 20, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.
Provider details
- Annual audit
- Yes
- Prime brokers
- Yes
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- Yes
RSM US LLP
PCAOB 49
PERSHING LLC
SEC 8-17574
WINTRUST FINANCIAL CORPORATION
LEI Q774KI4AW80FHFW33O61
PERSHING LLC
CRD 7560 · SEC 8-17574
Fund asset history · 5 annual observations
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| Fiscal year | Gross assets | Beneficial owners | ADV filed |
|---|---|---|---|
| 2021 | $980,521,306 | 138 | Feb 11, 2022 |
| 2022 | $719,802,101 | 134 | Mar 14, 2023 |
| 2023 | $936,991,051 | 136 | Mar 19, 2024 |
| 2024 | $975,908,225 | 136 | Mar 26, 2025 |
| 2025 | $1,280,929,600 | 146 | Mar 20, 2026 |
Filing source
Form ADV 2041690 · Mar 20, 2026 · Schedule D 7.B.(1), fund 805-7653328705
Reported by SPRING LAKE ASSET MANAGEMENT, INC. (CRD 283750).
Annual Updating Amendment for Registered Adviser · fiscal year 2025.
Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.
People & organizations
Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.
| Name | Reported role |
|---|---|
| Thomas B. Caldwell | Director, Executive |
| Christopher W. Crosby | Director, Executive |
| N/A Spring Lake Asset Management, Inc. | Director |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Tampa, FL, 33609
Phone: 813-336-6889