AltMountain

First Light Prism Feeder Fund, Ltd.

Edina, MN · CIK 1860191 · Managed by First Light Asset Management, LLC

First Light Prism Feeder Fund, Ltd. is a hedge fund based in Edina, Minnesota. According to its most recent Form D, filed Dec 19, 2025, the fund has sold $68,700,000 of interests to 8 investors since its first sale in May 2021. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Nicole Ramroop; Kurt Peterson; First Light Asset Management LLC.

Performance

13F estimate · public data only

No verified returns have been reported for this fund. As a rough guide, First Light Asset Management, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +21.5% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +73.4% (S&P 500: +37.2%).

This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.

Is this your fund? Report your monthly returns · How performance works

Total raised
$68,700,000Cumulative sales reported on Form D
Investors
8
First sale
May 1, 2021
Minimum investment
$100,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Nicole Ramroop; Kurt Peterson; First Light Asset Management LLC
Latest Form D
Dec 19, 2025

From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction

Questions about First Light Prism Feeder Fund, Ltd.

What is the minimum investment for First Light Prism Feeder Fund, Ltd.?

According to its latest Form D, filed Dec 19, 2025, the minimum investment First Light Prism Feeder Fund, Ltd. accepts from an outside investor is $100,000.

Who can invest in First Light Prism Feeder Fund, Ltd.?

First Light Prism Feeder Fund, Ltd. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.

How much has First Light Prism Feeder Fund, Ltd. raised?

First Light Prism Feeder Fund, Ltd. reports $68,700,000 sold from 8 investors on its Form D filed Dec 19, 2025. This is cumulative sales since the offering began, not current assets or performance.

Where is First Light Prism Feeder Fund, Ltd. based?

First Light Prism Feeder Fund, Ltd. is based in Edina, Minnesota and is managed by First Light Asset Management, LLC.

When did First Light Prism Feeder Fund, Ltd. launch?

First Light Prism Feeder Fund, Ltd. reports its first sale in May 2021.

Size compared with every hedge fund

Raised more than 64% of the 70 hedge funds based in Minnesota, and more than 51% of all 10,308 that report sales.

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