Form D · Hedge Fund

SPRUCE HOUSE PARTNERSHIP (AI) LP

New York, NY · CIK 0001389653

Offering snapshot reported Dec 12, 2025 · SEC filing

Reported sold
$926M
Indefinite offering
Investors reported
128
Form D · investor count
Minimum accepted
$1
Reported outside-investor minimum
First sale
Sep 1, 2006
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$945M$1.89BMar 17, 2009: $3,309,589.00Mar 17, 2009Nov 16, 2009: $5,259,417.00Nov 16, 2010: $9,923,938.00Dec 13, 2011: $19,108,073.00Dec 13, 2012: $32,243,430.00Dec 13, 2013: $111,945,721.00Dec 12, 2014: $318,493,221.00Dec 11, 2015: $556,380,224.00Dec 9, 2016: $625,963,953.00Dec 8, 2017: $814,424,768.00Dec 7, 2018: $1,827,295,864.00Dec 12, 2019: $1,889,597,689.00Dec 14, 2020: $11,605,000.00Dec 14, 2021: $30,755,000.00Dec 14, 2022: $71,632,300.00Dec 14, 2023: $73,678,371.00Dec 13, 2024: $73,816,939.00Dec 12, 2025: $925,552,599.00Dec 12, 2025

Dates 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$73,816,939 → $925,552,599
  • Reported investors127 → 128

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Dec 12, 2025Amendment$925,552,599$851,735,660vs Dec 13, 2024128SEC filing
Dec 13, 2024Amendment$73,816,939$138,568vs Dec 14, 2023127SEC filing
Dec 14, 2023Amendment$73,678,371$2,046,071vs Dec 14, 2022127SEC filing
Dec 14, 2022Amendment$71,632,300$40,877,300vs Dec 14, 2021125SEC filing
Dec 14, 2021Amendment$30,755,000$19,150,000vs Dec 14, 2020128SEC filing
Dec 14, 2020Amendment$11,605,000-$1,877,992,689vs Dec 12, 2019110SEC filing
Dec 12, 2019Amendment$1,889,597,689$62,301,825vs Dec 7, 2018141SEC filing
Dec 7, 2018Amendment$1,827,295,864$1,012,871,096vs Dec 8, 2017162SEC filing
Dec 8, 2017Amendment$814,424,768$188,460,815vs Dec 9, 2016152SEC filing
Dec 9, 2016Amendment$625,963,953$307,470,732vs Dec 12, 2014122SEC filing
Dec 11, 2015Amendment$556,380,224$237,887,003vs Dec 12, 2014118SEC filing
Dec 12, 2014Amendment$318,493,221$206,547,500vs Dec 13, 2013100SEC filing
Dec 13, 2013Amendment$111,945,721$106,686,304vs Nov 16, 200982SEC filing
Dec 13, 2012Amendment$32,243,430$26,984,013vs Nov 16, 200971SEC filing
Dec 13, 2011Amendment$19,108,073$13,848,656vs Nov 16, 200964SEC filing
Nov 16, 2010Amendment$9,923,938$4,664,521vs Nov 16, 200934SEC filing
Nov 16, 2009Amendment$5,259,417$1,949,828vs Mar 17, 200925SEC filing
Mar 17, 2009Amendment$3,309,589No comparisonNot reportedSEC filing
Feb 5, 2007PaperNot reportedNo comparisonNot reportedSEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0 (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-99817
The total amount sold does not reflect (i) redemptions and/or withdrawals, (ii) account transfers of the same underlying investor in the fund, or (iii) investments into the Issuer's predecessor entities that ceased to exist as of 12/31/2019

Source: Form D, filed Dec 12, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

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.

People and organizations reported in Form D filings
NameReported role
Spruce House Capital Llc Promoter
Spruce House Investment Management Llc Executive
Benjamin Stein Executive
Zachary Sternberg Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
435 Hudson Street Suite 804
New York, NY, 10014