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Primary Source · SEC.gov

CrowdStreet Special Situations Fund I, LLC - Series I

Fund Vehicle2023 vintage506(c), 3(c)(1)
CrowdStreetFull Review

Raised

$5M

Investors

41

Min Invest

$100,000

AltStreet Analysis

·

Generated from EDGAR primary sources

CrowdStreet Special Situations Fund I, LLC - Series I is a Delaware pooled investment fund managed by CrowdStreet Advisors, LLC, filed under Rule 506(c) and Section 3(c)(1). As of May 16, 2023, the fund raised $5.3M from 41 investors with a $100K minimum investment. The entity is part of the CrowdStreet real estate platform, which has 44 related EDGAR entities.

This real estate fund operates under the standard 506(c) exemption with a $100K minimum, typical for accredited investor-focused real estate funds. The investor count of 41 relative to the $5.3M raise suggests an average check size of approximately $129K, consistent with the minimum threshold and reflective of a diversified investor base at the lower end of the accredited investor spectrum.

Data Flags

First Sale DateFirst sale date not disclosed on original filing with $5.3M already raised
Sales CommissionsNo sales commissions disclosed on a 506(c) offering, which typically relies on general solicitation

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001964977
Entity NameCrowdStreet Special Situations Fund I, LLC - Series I
ExemptionRule 506(c), Section 3(c), Section 3(c)(1)
What the exemption meansRule 506(c) of Regulation D: the issuer may advertise the offering publicly, but every purchaser must be a verified accredited investor. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(1) of the Investment Company Act: the fund is excluded from investment-company registration because it has no more than 100 beneficial owners.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationDelaware
Issuer Address98 Jacinto Blvd, 4th Floor, Austin, TX 78701
Phone(817) 703-3512
Industry / Fund TypePooled Investment Fund · Other Investment Fund
Investment Company ActExcluded under Section 3(c)(1) (100 beneficial owners or fewer)
Securities TypePooled Investment Fund
First Sale Date—
Filing DateMay 16, 2023
Accession Number0001964977-23-000001
Total Offering AmountIndefinite
Total Amount Sold$5,257,000
Total Investors41
Non-Accredited InvestorsNone
Minimum Investment$100,000
Offering DurationOne year or less
Net Asset Value RangeDecline to Disclose
State (Issuer Address)TX
Amendment CountOriginal filing only

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

DMay 16, 2023

AltStreet Coverage

Original reporting from AltStreet's daily EDGAR monitoring covering CrowdStreet and its filings.

CrowdStreet REIT I NAV Falls 12.9% to $668.85, but $75.22 a Share of That Was Distributions

A semi-annual filing shows net asset value down $99.12 a share in the first half of 2026. Distributions account for $75.22 of the fall and operations for $23.90, and the fund's own reported total return is -3.16%.

Platform coverage · Sep 2026

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Statements extracted

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none on file

NAV prints

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none on file

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1

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Managing Member CrowdStreet Advisors, LLC

Director · Austin, TX

Kristen Howell

Executive Officer · Austin, TX

Questions About CrowdStreet Special Situations Fund I, LLC - Series I

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is CrowdStreet Special Situations Fund I, LLC - Series I?

CrowdStreet Special Situations Fund I, LLC - Series I is a Delaware limited liability company that filed a Form D with the SEC on May 16, 2023 as a other investment fund. The filing claims Rule 506(c), Section 3(c), Section 3(c)(1) for an offering of pooled investment fund interests. AltStreet links the issuer to CrowdStreet.

Is CrowdStreet Special Situations Fund I, LLC - Series I legit?

AltStreet does not rate legitimacy; it reports the public record. CrowdStreet Special Situations Fund I, LLC - Series I filed a Form D with the SEC on May 16, 2023 claiming Rule 506(c), Section 3(c), Section 3(c)(1). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $5,257,000 sold to 41 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to CrowdStreet, which AltStreet has reviewed. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is CrowdStreet Special Situations Fund I, LLC - Series I registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that CrowdStreet Special Situations Fund I, LLC - Series I claimed Rule 506(c), Section 3(c), Section 3(c)(1) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has CrowdStreet Special Situations Fund I, LLC - Series I raised?

CrowdStreet Special Situations Fund I, LLC - Series I reported $5,257,000 sold from 41 investors in an offering of indefinite size as of the Form D filed May 16, 2023.

Who can invest in CrowdStreet Special Situations Fund I, LLC - Series I?

The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. Because the fund also relies on Section 3(c)(1), it may have no more than 100 beneficial owners. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $100,000.

What is the minimum investment in CrowdStreet Special Situations Fund I, LLC - Series I?

The Form D lists $100,000 as the minimum investment accepted from any outside investor as of May 16, 2023. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling CrowdStreet Special Situations Fund I, LLC - Series I and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly.

Who is behind CrowdStreet Special Situations Fund I, LLC - Series I?

The Form D lists 2 related persons: Managing Member CrowdStreet Advisors, LLC, director (Managing Member of the Issuer); Kristen Howell, executive officer (General Counsel and Chief Compliance Officer). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is CrowdStreet Special Situations Fund I, LLC - Series I located?

The issuer's address on its SEC filings is 98 Jacinto Blvd, 4th Floor, Austin, TX 78701. Its phone number of record is 817-703-3512. It is organized under the laws of Delaware.

How long is the CrowdStreet Special Situations Fund I, LLC - Series I offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

How large is CrowdStreet Special Situations Fund I, LLC - Series I?

The issuer declined to disclose its net asset value range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.