PartnerFacts
Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 5:05 AM ET

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Potomac River

One sponsor team, 2 deal companies · Washington, DC

Grouped because: 1 shared person, 1 shared management entity, similar issuer names (2) (automatic match from the filings) · not the same sponsor?

2deal companies
$74.8Mreported sold
8investors
6Form D filings
2014–2016active
0new, last 12 mo
Follow this sponsor groupLook further ↓

Data last updated Oct 23, 2026, 5:45 PM ET · Latest filing in this group Apr 6, 2016 · Courts (RECAP) last checked: Oct 24, 2026, 2:16 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET

The short version

Potomac River is a sponsor group of 2 issuers that PartnerFacts links to one sponsor (shared people, shared management entity, similar issuer names; automatic match from the filings), filing 6 Form D filings between Feb 2014 and Apr 2016.

What this means One team, 2 deal companies, about 2 years of track record in SEC filings. We link the companies because the same people or address appear on their forms — tap "Request a correction" if that is wrong.

Combined reported sold: $74.8M to 8 investors (latest filing per issuer). Industries as reported: Pooled Investment Fund (2). Issuers are based in DC (1), Cayman Islands (as filed: E9) (1).

What this means $74.8M raised across the group, about $9.35M per investor. Amounts come from each company's latest Form D; they are what the sponsor reported, not audited figures.

Principal people: Mark Spindel (2 issuers, executive officer and director), Potomac River Capital, LLC (2 issuers, promoter, entity), David Littleton (1 issuer, director), Evan Burtton (1 issuer, director), Potomac River Capital GP, LLC (1 issuer, executive officer, entity) and 1 more.

What this means The person on the most companies is usually the one running the show; their page lists every deal.

Activity: 0 new offerings in the last 12 months; latest filing Apr 6, 2016.

What this means No new raise filed in the past year.

Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AZ, CA, DE, TX, WA), property records (NYC, FL, IL and TX counties) — 1 court case matching the name, 2 bankruptcy cases matching the name listed in Key records below.

What this means 3 records came back. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.

We compared 6 public filings for Potomac River and found 8 differences, 1 worth asking the sponsor about: c/o Potomac River Capital GP, LLC is no longer listed on the Apr 6, 2015 amendment; and more below.

What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.

What the community is saying

Community search for Potomac River has not run yet — it is joining a line of 6,025 names; searches run around the clock at the hosts' allowed rate. Searched so far: 27 names.

Community comments are quoted as written by their authors. Sources searched: BiggerPockets forums (via DuckDuckGo, Brave, Bing and BiggerPockets search) and Reddit (search feed + public archive).

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

1 case: 1 closed (disposition not in docket feed)

Owen v. Potomac River Group, LLC closed matched at sponsor-group level (Potomac River)
District Court, E.D. Virginia · No. 1:20-cv-01518 · Filed Dec 10, 2020 · Closed Jun 21, 2021
Role of Potomac River Group, LLC: Defendant · Outcome: Terminated 2021-06-21 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
exact company name; court in VA (not the issuer's state)
What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched. · Last checked Oct 24, 2026, 2:16 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: AZ, CA, DE, TX, WA (crawled Oct 23, 2026)

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched Potomac River..

State securities regulators searched: AZ (Corporation Commission Securities Division), CA (DFPI — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), DE (DOJ Investor Protection Unit), TX (State Securities Board), WA (DFI) — last crawled Oct 23, 2026, 9:57 PM ET. Other states are not covered.

3. Bankruptcies

2 cases: 2 closed (disposition not in docket feed)

Mirant Potomac River, LLC closed matched at sponsor-group level (Potomac River)
United States Bankruptcy Court, N.D. Texas · No. 03-46647 · Filed Jul 15, 2003 · Closed Jun 22, 2009
Role of Mirant Potomac River, LLC: Party · Outcome: Case closed 2009-06-22 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
company name words appear in the caption; court in TX (not the issuer's state)
Potomac River Road Associates closed
United States Bankruptcy Court, E.D. Virginia · No. 90-11884 · Filed Jul 31, 1990 · Closed Jul 31, 1991
Role of Potomac River Road Associates: Party · Outcome: Case closed 1991-07-31 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
company name words appear in the caption; court in VA (not the issuer's state)
What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:16 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

4. Differences between public sources

No comparisons published

What is compared

No public statement by this sponsor group has been collected yet, so there is nothing to compare. Sources compared: the sponsor's own website (known from the issuer's own filings — Form C issuer website, EDGAR company profile — an approved profile claim or Form ADV Item 1.I of its matched adviser) · SEC Form D · SEC Form ADV (IAPD) · Internet Archive · No website is on file for this sponsor group yet.

8 differences found between the filings for Potomac River — 1 worth asking about (compared 6 filings on Oct 24, 2026)

Worth asking · Apr 4, 2014 – Apr 6, 2015

c/o Potomac River Capital GP, LLC is no longer listed on the Apr 6, 2015 amendment — Potomac River Capital Partners 2, L.P.

c/o Potomac River Capital GP, LLC appears on the Apr 4, 2014 Form D (executive officer) but not on the Apr 6, 2015 Form D/A for the same offering.

What this means People leave, and the issuer must list only current officers, directors and promoters. It is still worth asking why this person left and who replaced them.

Form D · Apr 4, 2014 ↗Form D/A · Apr 6, 2015 ↗c/o Potomac River Capital GP, LLC — PartnerFacts page ↗Potomac River Capital Partners 2, L.P. — PartnerFacts page ↗
Sources
Note · Feb 1, 2014 – Feb 18, 2014

Form D filed 17 days after the first sale — Potomac River Capital Fund 2, Ltd.

The filing says the first sale was Feb 1, 2014. The Form D was filed Feb 18, 2014 — 17 days later. The rule: a Form D is generally due within 15 days after the first sale, so this one is 2 days past that.

What this means A late notice is common and carries no penalty by itself. It is worth asking the sponsor why the paperwork lagged.

Form D · Feb 18, 2014 ↗Potomac River Capital Fund 2, Ltd. — PartnerFacts page ↗
Sources
Note · Apr 1, 2014 – Apr 6, 2016

No amendment in the last 12 months on an offering that may still be open — Potomac River Capital Partners 2, L.P. (latest filing Apr 6, 2016)

The latest filing for this offering is dated Apr 6, 2016 (first sale Apr 1, 2014). It reports $1,120,000 sold of an indefinite amount offered. No later amendment is in our index as of Oct 24, 2026.

What this means SEC rules expect a yearly amendment while an offering is still going. The raise may simply have ended — a Form D does not say when it closed. Ask the sponsor whether the offering closed, when, and at what amount.

Form D/A · Apr 6, 2016 ↗Potomac River Capital Partners 2, L.P. — PartnerFacts page ↗
Sources
Note · Feb 1, 2014 – Feb 18, 2016

No amendment in the last 12 months on an offering that may still be open — Potomac River Capital Fund 2, Ltd. (latest filing Feb 18, 2016)

The latest filing for this offering is dated Feb 18, 2016 (first sale Feb 1, 2014). It reports $73,706,059 sold of an indefinite amount offered. No later amendment is in our index as of Oct 24, 2026.

What this means SEC rules expect a yearly amendment while an offering is still going. The raise may simply have ended — a Form D does not say when it closed. Ask the sponsor whether the offering closed, when, and at what amount.

Form D/A · Feb 18, 2016 ↗Potomac River Capital Fund 2, Ltd. — PartnerFacts page ↗
Sources
Note · Feb 18, 2016

Address on file is a registered agent / shared office — Potomac River Capital Fund 2, Ltd.

The latest filing lists C/O Elian Fiduciary Svcs. (Cayman) Ltd., 89 Nexus Way, Camana Bay, Grand Cayman, Cayman Islands (as filed: E9). That address is used by 624 issuers in our index (registered agent / corporate services / fund administrator).

What this means Many small companies use a registered agent's address — it is legal and common. It means the Form D address is not where the team works. Ask where the business operates and who runs it day to day.

Form D/A · Feb 18, 2016 ↗Potomac River Capital Fund 2, Ltd. — PartnerFacts page ↗
Sources
Note · Feb 18, 2016 – Apr 6, 2016

Member companies were formed in 2 different states

Delaware (1), Cayman Islands (1) — out of 2 member issuers. The odd ones out: Potomac River Capital Fund 2, Ltd. (Cayman Islands).

What this means Sponsors often form each deal company in Delaware or Wyoming no matter where the property is. A mix is common; it just tells you which state's rules each company lives under.

Potomac River — sponsor group page ↗Potomac River Capital Fund 2, Ltd. — PartnerFacts page ↗
Sources
Note · Feb 18, 2016 – Apr 6, 2016

Member companies list addresses in 2 different states

DC (1), Cayman Islands (as filed: E9) (1). 1 member uses a registered-agent or shared-office address: Potomac River Capital Fund 2, Ltd. (C/O Elian Fiduciary Svcs. (Cayman) Ltd., 89 Nexus Way, Camana Bay, Grand Cayman, Cayman Islands (as filed: E9)).

What this means A registered agent's address is a mailbox, not where the team works. The other address is more likely the real office — ask which one is.

Potomac River — sponsor group page ↗Potomac River Capital Fund 2, Ltd. — PartnerFacts page ↗
Sources
Note · Apr 4, 2014 – Apr 6, 2016

Issuer used a different name before — Potomac River Capital Partners 2, L.P.

SEC records list prior names for this filer: Potomac River Capital Partners, L.P.. The current name on file is "Potomac River Capital Partners 2, L.P.".

What this means A name change is normal, but your documents may show the old name. Match the CIK, not just the name.

EDGAR filer page ↗Potomac River Capital Partners 2, L.P. — PartnerFacts page ↗
Sources
What is compared

What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.

5. Money to insiders

None reported on 2 offerings — no sales commissions, finder's fees or proceeds to insiders

Per-offering detail
Offering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell itSource
Apr 6, 2016 D/A
Potomac River Capital Partners 2, L.P.
File 021-214971
$0$0$0
The fund charges a management fee that is described in the fund's offering documents.
None listed on this filingEDGAR ↗
Feb 18, 2016 D/A
Potomac River Capital Fund 2, Ltd.
File 021-212109
$0$0$0
The fund charges a management fee that is described in the fund's offering documents.
None listed on this filingEDGAR ↗

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Counted across all 2 issuers in this group — every filing in our index, latest filing per offering (SEC file number).

Property records 0 documents · 0 ownership records · last checked Oct 23, 2026, 8:59 PM ET · NYC and Cook County lookup still to run

0 recorded documents and 0 ownership records matched to Potomac River in the sources searched.

Not found in sources searched as of Oct 23, 2026, 8:59 PM ET: Hillsborough County FL Clerk of Court Official Records daily index (publicrec.hillsclerk.com D/P/M files), 2 daily files (Oct 14, 2026 to Oct 15, 2026) — loaded Oct 23, 2026, 8:59 PM ET; Florida DOR NAL roll (Hillsborough 39) roll year 2026 — loaded Oct 23, 2026, 8:54 PM ET; Florida DOR NAL roll (Dade 23) roll year 2026 — loaded Oct 23, 2026, 8:58 PM ET; Harris County Appraisal District real_acct.txt roll year 2026 — loaded Oct 23, 2026, 8:58 PM ET; Dallas Central Appraisal District ACCOUNT_INFO.CSV roll year 2026 — loaded Oct 23, 2026, 8:58 PM ET. Still to be looked up for this group: NYC ACRIS via NYC Open Data (Real Property Parties 636b-3b5g, Master bnx9-e6tj, Legals 8h5j-fqxa, Document Control Codes 7isb-wh4c) · NYC PLUTO ownership via NYC Open Data (64uk-42ks) · Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp). Records in other counties, and recorder indexes we do not yet cover, were not searched.

Property records coverage: New York City (ACRIS recorded documents and PLUTO ownership, looked up per issuer when its page is viewed; re-checked when the page is viewed again more than 30 days after the last check); Hillsborough County FL (recorded documents from Oct 14, 2026 forward; ownership from FL DOR roll 2026); Cook County IL (assessor ownership and deed/sale records, looked up per issuer when its page is viewed); Harris County TX and Dallas County TX (assessor ownership rolls only, 2026 roll; no deed, mortgage or sale records); Miami-Dade County FL (ownership from FL DOR roll only; Clerk recorded documents not covered). Recorder indexes for TX, AZ, IL and WA counties, mortgages and liens outside NYC and FL, lis pendens and foreclosure notices everywhere, Miami-Dade County FL recorded documents, Maricopa County AZ, King County WA, Salt Lake County UT, and all other counties are not covered — not searched. Last refresh by source: Hillsborough County FL Clerk daily index Oct 23, 2026, 8:59 PM ET; Dallas Central Appraisal District ACCOUNT_INFO.CSV Oct 23, 2026, 8:58 PM ET; Harris County Appraisal District real_acct.txt Oct 23, 2026, 8:58 PM ET; Florida DOR NAL roll (Dade 23) Oct 23, 2026, 8:58 PM ET; Florida DOR NAL roll (Hillsborough 39) Oct 23, 2026, 8:54 PM ET. NYC and Cook County are looked up per issuer when its page is viewed; the most recent such lookup on this site finished Oct 24, 2026, 3:30 AM ET. Parties are named as the recorder's index names them (role suffixes as recorded); no address, account number or trust date is shown for an individual, and individual owners of record (home ownership) are not matched or shown. Items still in human review are not shown.

Issuers in this group

Why each issuer is here is stated in the "Linked by" column. Low-confidence links are never shown — they wait for human review.

SourceIssuerLinked byLocationIndustryFilingsSold (max)InvestorsMin. investment (latest filing)Active
EDGAR ↗PR Potomac River Capital Fund 2, Ltd.shared people, shared management entity, similar issuer namesGRAND CAYMAN, Cayman Islands (as filed: E9)Pooled Investment Fund3$73,706,059
offering Indefinite · similar: $155,000–$5,250,000
4
similar: 4–27
$100,000
similar: $1,000–$100,000
2014–2016
EDGAR ↗PR Potomac River Capital Partners 2, L.P.shared people, shared management entity, similar issuer namesWASHINGTON, DCPooled Investment Fund3$1,120,000
offering Indefinite · similar: $155,000–$5,250,000
4
similar: 4–27
No minimum reported
similar: $1,000–$100,000
2014–2016

"Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Timeline of offerings

SourceFiledIssuerFormIndustryOfferedSold
EDGAR ↗Apr 6, 2016Potomac River Capital Partners 2, L.P.D/APooled Investment FundIndefinite$1,120,000
EDGAR ↗Feb 18, 2016Potomac River Capital Fund 2, Ltd.D/APooled Investment FundIndefinite$73,706,059
EDGAR ↗Apr 6, 2015Potomac River Capital Partners 2, L.P.D/APooled Investment FundIndefinite$900,000
EDGAR ↗Feb 18, 2015Potomac River Capital Fund 2, Ltd.D/APooled Investment FundIndefinite$73,706,059
EDGAR ↗Apr 4, 2014Potomac River Capital Partners 2, L.P.DPooled Investment FundIndefinite$150,000
EDGAR ↗Feb 18, 2014Potomac River Capital Fund 2, Ltd.DPooled Investment FundIndefinite$250,000

Activity: 0 new offerings in the last 12 months across all issuers in this group (new offering = a Form D that is not an amendment, D/A) · most recent filing Apr 6, 2016. Industry history, as reported on each offering's latest filing: All 2 offerings reported: Pooled Investment Fund (2014).

People across the group

NameRolesIssuers hereFirst → last listed
MS Mark SpindelDirector, Executive Officer2Feb 18, 2014 → Apr 6, 2016
PR Potomac River Capital, LLC entityPromoter2Feb 18, 2015 → Apr 6, 2016
PR Potomac River Capital GP, LLC entityExecutive Officer1Apr 6, 2015 → Apr 6, 2016
EB Evan BurttonDirector1Feb 18, 2014 → Feb 18, 2016
DL David LittletonDirector1Feb 18, 2014 → Feb 18, 2016
CO c/o Potomac River Capital GP, LLC entityExecutive Officer1Apr 4, 2014 → Apr 4, 2014

Adviser registration (Form ADV)

Searched SEC Form ADV bulk data (registered + exempt reporting advisers) (24,962 records as of Oct 2, 2026, 8:00 AM ET) — nothing matched Potomac River.

Meta advertising

No Meta Pixel ids or Facebook / Instagram page links on file for Potomac River as of Oct 24, 2026 — the sponsor website is read for them once it is on file (runs automatically). Meta Ad Library: not searched by PartnerFacts (no API access); a one-tap Ad Library search is under Look further.

Other offering types (Regulation A and Regulation Crowdfunding)

Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.

Public profiles and social

No website or social profile named in Potomac River's SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #292,019 of 374,652 in line (14 issuers searched so far). One-tap searches: Look further ↓

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Change history

No corrections have been requested for this page.

Request a correction

Free. Covers the grouping itself or any record shown here. Logged with status: received → under review → fixed / confirmed with source.

Sponsor response

Add a sourced explanation next to any fact. Reviewed before publishing.

Grouping is PartnerFacts' inference from public filings (shared related persons, management entities, business address). Everything else on this page is drawn from the filings themselves. Not the same sponsor? Request a correction.

Look further

One-tap searches on sites we do not index ourselves, with the name pre-filled (outside the US (as filed: WASHINGTON), DC). Each opens in a new tab; what you find there is not verified by PartnerFacts.

Social and web

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Courts

CourtListener / RECAP (federal) ↗PACER case locator (federal, login) ↗District of Columbia state courts — find the court ↗

Securities regulators

SEC EDGAR full-text search ↗SEC action look-up ↗FINRA BrokerCheck ↗SEC IAPD adviser search ↗

Business registries

OpenCorporates ↗