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Real Estate PE

Spruce Capital Partners

Spruce Capital Partners invests in property and real-asset businesses, from New York, United States. It states a focus on real estate.

Disclosed holdings
Earliest stated investment
HeadquartersNew York, United States
Largest single fundNot stated

Stated investment criteria

What Spruce Capital Partners says it buys

Read from Spruce Capital Partners’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

OfficesNew York1

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by Spruce Capital Partners to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How Spruce Capital Partners is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised1 · $117m gross
SEC adviser numberCRD 170820

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Valuation context

Transaction values in Real Estate

What companies have actually sold for in real estate, across 70 recorded transactions.

Median consideration$129m
Middle 50%$33m-$400m
Revenue multiple2.55×
EBITDA multiple11×

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For investors

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Comparable investors

Similar mandates

Other real estate pe investors active in real estate.