First Principle Fund, Ltd.

Grand Cayman, Cayman Islands · CIK 1409163

Offshore

Status: no Form D since Mar 2018. Funds file a Form D when they begin selling and amend it each year while the offering continues, so this fund has most likely stopped raising money. It may still be investing, or it may have closed or been dissolved. The details below are from its latest filing, kept here as a record.

First Principle Fund, Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Mar 5, 2018, the fund has sold $430,855,840 of interests to 27 investors since its first sale in May 2006. The minimum investment it accepts from an outside investor is $50,000. 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 Michael McDonald; Ian Goodall; EACM Advisors LLC.

Performance

No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.

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

Total raised: $430,855,840Cumulative sales reported on Form D
Investors: 27
First sale: May 1, 2006
Minimum investment: $50,000
Who can invest: Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption: Rule 506(b)No general advertising
Key people and entities: Michael McDonald; Ian Goodall; EACM Advisors LLC
Latest Form D: Mar 5, 2018

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

Raise history

Filed	Filing	Total raised	Investors	Source
Mar 5, 2018	Amendment	$430,855,840	27	SEC.gov ↗
Mar 14, 2017	Amendment	$427,985,840	27	SEC.gov ↗
Mar 14, 2016	Amendment	$427,985,840	27	SEC.gov ↗
Mar 12, 2015	Amendment	$425,960,840	26	SEC.gov ↗
Mar 12, 2014	Amendment	$421,540,840	25	SEC.gov ↗
Mar 12, 2012	Amendment	$224,725,348	24	SEC.gov ↗

6 Form D filings in the SEC's electronic records (2008 onward), the earliest on Mar 12, 2012. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Source: U.S. Securities and Exchange Commission, Form D data sets.

Questions about First Principle Fund, Ltd.

What is the minimum investment for First Principle Fund, Ltd.?

According to its latest Form D, filed Mar 5, 2018, the minimum investment First Principle Fund, Ltd. accepts from an outside investor is $50,000.

Who can invest in First Principle Fund, Ltd.?

First Principle 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 Principle Fund, Ltd. raised?

First Principle Fund, Ltd. reports $430,855,840 sold from 27 investors on its Form D filed Mar 5, 2018. This is cumulative sales since the offering began, not current assets or performance.

Where is First Principle Fund, Ltd. based?

First Principle Fund, Ltd. is based in Grand Cayman, Cayman Islands.

When did First Principle Fund, Ltd. launch?

First Principle Fund, Ltd. reports its first sale in May 2006.