First Principles Group
Location not listed · CRD 322950
Private equity manager
First Principles Group is an SEC-registered investment adviser that reports managing 23 private funds on Form ADV, including 12 private equity funds and 11 venture capital funds. It reports $1.6 billion in regulatory assets under management. Its private funds hold $1.6 billion in gross assets.
- Regulatory assets under management
- $1.6 billionForm ADV Item 5.F
- Gross assets of private funds
- $1.6 billionAll private fund types, Form ADV
- Private funds managed
- 23PE 12 · VC 11 · hedge 0
- Employees
- 2Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 322950
- Latest Form ADV
- 05/13/2026Disciplinary disclosures: none reported
Private equity funds filing Form D (1)
Fund
First sale
Raised
Investors
Minimum
Offering
FPG Ad Astra XIII, LP
Chicago, ILEmerging
First saleFeb 2026
Raised$47.9M
Investors95
Minimum$136K
Offering506(b)
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Venture capital funds filing Form D (7)
Fund
First sale
Raised
Investors
Minimum
Offering
FPG Ad Claritas VI, LP
Chicago, ILEmerging
First saleDec 2025
Raised$10.6M
Investors33
Minimum$101K
Offering506(b)
FPG Ad Claritas IV, LP
Chicago, ILEmerging
First saleJul 2025
Raised$10.1M
Investors37
Minimum$51K
Offering506(b)
FPG Ad Ultra II, LP
Chicago, ILEmerging
First saleMay 2025
Raised$9.3M
Investors35
Minimum$152K
Offering506(b)
FPG Ad Astra XI, LP
Chicago, ILEmerging
First saleJan 2026
Raised$9.3M
Investors33
Minimum$51K
Offering506(b)
FPG Ad Ultra IV, LP
Chicago, ILEmerging
First saleAug 2026
Raised$8.5M
Investors29
Minimum$102K
Offering506(b)
FPG Ad Ultra III, LP
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
FPG Ad Claritas V, LP
Chicago, IL
First sale—
Raised$0
Investors0
MinimumNone set
Offering506(b)
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
From SEC filings. Firm data comes from the SEC's Form ADV data. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures