Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / Spell Capital Partners, LLC

Spell Capital Partners, LLC

CandidateMinneapolis, MNspellcapital.comSEC exempt reporting adviser

Spell Capital Partners, LLC is an established manager of private equity and currently manages about $700 million of capital (AUM).

no sworn venture fact yet (name or round mention only)

Importance
28
moderate
Active deployment
4
low
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
5
low
Identity and regulatory footprint
Headquarters
Minneapolis, MNadviserinfo.sec.gov
Office address
7201 METRO BLVD, SUITE 850, Minneapolis, MN, 55439adviserinfo.sec.gov
Business phone
612-371-9650adviserinfo.sec.gov
Website
HTTP://SPELLCAPITAL.COM/
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
private fund adviseradviserinfo.sec.gov
Latest Form ADV
Mar 31, 2024
Private funds reported
4 (0 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$314Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business email
info@spellcapital.comspellcapital.compublished by the subject
business phone
612-371-9650adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
minnesota
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
family office
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 1
Funds and vehicles
4 reported, 5 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Spell Capital Mezzanine Partners SBIC II, LPFund · ADV: Private Equity Fund2017 form d first saleHarvest$214M
Mar 31, 2024
96$54.9M
of $75.0M
Oct 17, 2017
Spell Capital Partners Fund V for Qualified Purchasers, LPFund · ADV: Private Equity Fund2015 form d first saleHarvest$65.7M
Mar 31, 2024
133$35.9M
of $50.0M
Dec 7, 2015
Spell Capital Partners Fund V, LPFund · ADV: Private Equity Fund2015 form d first saleHarvest$10.6M
Mar 31, 2024
57$25.6M
of $50.0M
Oct 21, 2015
Spell Capital Mezzanine Partners SBIC, LPFund · ADV: Private Equity Fund2012 form d first saleHarvest$23.3M
Mar 31, 2024
97$42.0M
of $50.0M
Sep 16, 2013
Spell Capital Partners Fund III for Qualified Purchasers, LPFund · ADV: Private Equity FundunknownWound down$21.5M
Mar 30, 2016
69unknownunknown
Spell Capital Partners Fund II, LPFund · ADV: Private Equity FundunknownWound down$15.8M
Mar 30, 2012
73unknownunknown
Spell Capital Partners Fund III, LPFund · ADV: Private Equity FundunknownWound down$11.8M
Mar 30, 2016
93unknownunknown
Spell Capital Partners Mezzanine Fund, LPFund · ADV: Private Equity FundunknownWound down$1.8M
Mar 30, 2016
49unknownunknown
Spell Capital Partners Fund IV, LPFund · ADV: Private Equity FundunknownWound down$565,255
Mar 31, 2022
89unknownunknown
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
12 current, 5 departed
Bill Spell
Founder/President Emeritus
Founder or executive
bill@spellcapital.com (published by the subject)FactVenture organization websites (about, team, portfolio, thesis, news pages)
Harry Spell
President
Founder or executive
harry@spellcapital.com (published by the subject)FactVenture organization websites (about, team, portfolio, thesis, news pages)
William Harry Spell
Llc Member, Ceo, President, Secretary · since Apr 1, 1997
Founder or executive
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Jean Sirois
Operating Partner/Executive Chairman of Duromer
Operating partner
jean@spellcapital.com (published by the subject)FactVenture organization websites (about, team, portfolio, thesis, news pages)
Paul Perseke
Operating Partner
Operating partner
paulp@spellcapital.com (published by the subject)FactVenture organization websites (about, team, portfolio, thesis, news pages)
Peter Ploumidis
Operating Partner
Operating partner
FactVenture organization websites (about, team, portfolio, thesis, news pages)
Steve Murray
Operating Partner
Operating partner
FactVenture organization websites (about, team, portfolio, thesis, news pages)
Brent Haukom
Managing Director
Partner
brent@spellcapital.com (published by the subject)FactVenture organization websites (about, team, portfolio, thesis, news pages)
Jim Rikkers
Senior Managing Director
Partner
jim@spellcapital.com (published by the subject)FactVenture organization websites (about, team, portfolio, thesis, news pages)
Andrea Nelson
Chief Operating Officer/CFO
Platform and operations
andrea@spellcapital.com (published by the subject)FactVenture organization websites (about, team, portfolio, thesis, news pages)
Andrea Rae Nelson
Chief Financial Officer/ Chief Compliance Officer · since Jan 1, 2010
Platform and operations
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Heather Pribyl
Controller
Platform and operations
heather@spellcapital.com (published by the subject)FactVenture organization websites (about, team, portfolio, thesis, news pages)
5 departed (kept with end dates)
Investments on record
1 edges, 1 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
PASTportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
1 relationships from shared deals, counted for the whole firm
Wavemaker Ventures 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
20 dated events
  1. Mar 31, 2023
    Spell Capital Partners Fund IV, LP no longer reported on Form ADV by Spell Capital Partners, LLC
    Fund no longer reportedFundsInferenceSpell Capital Partners Fund IV, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  2. Mar 30, 2018
    Spell Capital Mezzanine Partners SBIC II, LP first reported on Form ADV by Spell Capital Partners, LLC (Private Equity Fund), GAV $81,541,592
    Fund first reported on Form ADVFundsFactSpell Capital Mezzanine Partners SBIC II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Mar 29, 2017
    Spell Capital Partners Mezzanine Fund, LP no longer reported on Form ADV by Spell Capital Partners, LLC
    Fund no longer reportedFundsInferenceSpell Capital Partners Mezzanine Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Mar 29, 2017
    Spell Capital Partners Fund III, LP no longer reported on Form ADV by Spell Capital Partners, LLC
    Fund no longer reportedFundsInferenceSpell Capital Partners Fund III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  5. Mar 29, 2017
    Spell Capital Partners Fund III for Qualified Purchasers, LP no longer reported on Form ADV by Spell Capital Partners, LLC
    Fund no longer reportedFundsInferenceSpell Capital Partners Fund III for Qualified Purchasers, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  6. Mar 30, 2016
    Spell Capital Partners Fund V, LP first reported on Form ADV by Spell Capital Partners, LLC (Private Equity Fund), GAV $6,623,409
    Fund first reported on Form ADVFundsFactSpell Capital Partners Fund V, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  7. Mar 30, 2016
    Spell Capital Partners Fund V for Qualified Purchasers, LP first reported on Form ADV by Spell Capital Partners, LLC (Private Equity Fund), GAV $44,653,604
    Fund first reported on Form ADVFundsFactSpell Capital Partners Fund V for Qualified Purchasers, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  8. Mar 30, 2016
    Harry William Spell (Llc Member, Chairman) no longer on Schedule A of Spell Capital Partners, LLC
    Person leftPeopleInferenceHarry William SpellSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  9. Mar 27, 2013
    Stephan P Jones (Member) no longer on Schedule A of Spell Capital Partners, LLC
    Person leftPeopleInferenceStephan P JonesSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  10. Mar 27, 2013
    Spell Capital Mezzanine Partners SBIC, LP first reported on Form ADV by Spell Capital Partners, LLC (Private Equity Fund), GAV $31,827,729
    Fund first reported on Form ADVFundsFactSpell Capital Mezzanine Partners SBIC, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  11. Mar 27, 2013
    Spell Capital Partners Fund II, LP no longer reported on Form ADV by Spell Capital Partners, LLC
    Fund no longer reportedFundsInferenceSpell Capital Partners Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  12. Mar 27, 2013
    John Dobson West (Member) no longer on Schedule A of Spell Capital Partners, LLC
    Person leftPeopleInferenceJohn Dobson WestSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  13. Mar 27, 2013
    Bruce Albert Richard (Member) no longer on Schedule A of Spell Capital Partners, LLC
    Person leftPeopleInferenceBruce Albert RichardSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  14. Mar 27, 2013
    James W Rikkers (Member) no longer on Schedule A of Spell Capital Partners, LLC
    Person leftPeopleInferenceJames W RikkersSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  15. Mar 30, 2012
    Spell Capital Partners, LLC first filed Form ADV (ERA)
    First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  16. Mar 30, 2012
    Spell Capital Partners Fund IV, LP first reported on Form ADV by Spell Capital Partners, LLC (Private Equity Fund), GAV $31,976,878
    Fund first reported on Form ADVFundsFactSpell Capital Partners Fund IV, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  17. Mar 30, 2012
    Spell Capital Partners Fund II, LP first reported on Form ADV by Spell Capital Partners, LLC (Private Equity Fund), GAV $15,808,929
    Fund first reported on Form ADVFundsFactSpell Capital Partners Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  18. Mar 30, 2012
    Spell Capital Partners Fund III, LP first reported on Form ADV by Spell Capital Partners, LLC (Private Equity Fund), GAV $16,642,870
    Fund first reported on Form ADVFundsFactSpell Capital Partners Fund III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  19. Mar 30, 2012
    Spell Capital Partners Mezzanine Fund, LP first reported on Form ADV by Spell Capital Partners, LLC (Private Equity Fund), GAV $9,412,300
    Fund first reported on Form ADVFundsFactSpell Capital Partners Mezzanine Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  20. Mar 30, 2012
    Spell Capital Partners Fund III for Qualified Purchasers, LP first reported on Form ADV by Spell Capital Partners, LLC (Private Equity Fund), GAV $30,883,995
    Fund first reported on Form ADVFundsFactSpell Capital Partners Fund III for Qualified Purchasers, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
  1. Sep 12, 2026
    Candidate (candidate, 50%, cls-1)
    no sworn venture fact yet (name or round mention only)
Evidence
43 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC exemption claimedprivate_fund_adviserMar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2012-03-30Mar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2024-03-31Mar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture share of reported funds0Mar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone612-371-9650Mar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Contact page urlhttps://spellcapital.com/wp-content/plugins/contact-form-7/includes/css/styles.css
“contact page linked from the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionSpell Capital Partners, LLC is an established manager of private equity and currently manages about $700 million of capital (AUM).
“meta description”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionSpell Capital Partners, LLC is an established manager of private equity and currently manages about $700 million of capital (AUM).
“meta description”
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersMinneapolis, MNMar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address7201 METRO BLVD, SUITE 850, Minneapolis, MN, 55439Mar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Self-described typefamily_office
“Family Office Private Equity Investing”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Self-described typefamily_office
“Family Office Private Equity Investing”
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Legal formLimited Liability CompanyMar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://spellcapital.com/our-portfolio/
“1 entries read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://spellcapital.com/our-portfolio/
“1 entries read”
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported4Mar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$314MMar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated geographyminnesota
“geography words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated geographyminnesota
“geography words on the home page”
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://spellcapital.com/our-team/
“10 name/title pairs read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://spellcapital.com/our-team/
“10 name/title pairs read”
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported0Mar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://SPELLCAPITAL.COM/Mar 31, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleSpell Capital - Private Equity & Mezzanine
“title tag”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleSpell Capital - Private Equity & Mezzanine
“title tag”
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)