37Spruce Investment Partners is a Greenwich, Connecticut-based registered investment advisor founded in November 2025. The firm manages approximately $150 million in assets and specializes in providing discretionary investment management services exclusively to private funds, such as limited partnerships and limited liability companies. The firm's primary investment strategy focuses on investing in and trading debt and equity tranches of collateralized loan obligations and similar structured finance vehicles managed by third-party managers, as well as warehousing credit assets in anticipation of collateralized loan obligation formation. 37Spruce targets institutional and sophisticated high-net-worth investors who meet accredited investor and qualified purchaser requirements. The firm does not tailor its investment advice to individual underlying fund investors and does not offer traditional personal financial planning, wealth management, or retail advisory services.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.50% |
Management fee is 1.5% of net asset value. Investors also pay a 20% performance allocation subject to a hurdle rate and high-water mark. Fees may be waived or reduced for certain investors such as employees and affiliates.