First Principles ABS Fund, LLC is a hedge fund based in New York, New York. According to its most recent Form D, filed Jun 3, 2009, the fund has sold $9,100,000 of interests to 12 investors since its first sale in May 2009. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. Related persons named in the filing include First Principles Partners, LLC; First Principles Capital Management, LLC; Douglas Dachille.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $9,100,000Cumulative sales reported on Form D
- Investors
- 12
- First sale
- May 26, 2009
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Other exemption
- Key people and entities
- First Principles Partners, LLC; First Principles Capital Management, LLC; Douglas Dachille
- Latest Form D
- Jun 3, 2009
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 Principles ABS Fund, LLC
What is the minimum investment for First Principles ABS Fund, LLC?
First Principles ABS Fund, LLC's latest Form D, filed Jun 3, 2009, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in First Principles ABS Fund, LLC?
First Principles ABS Fund, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1).
How much has First Principles ABS Fund, LLC raised?
First Principles ABS Fund, LLC reports $9,100,000 sold from 12 investors on its Form D filed Jun 3, 2009. This is cumulative sales since the offering began, not current assets or performance.
Where is First Principles ABS Fund, LLC based?
First Principles ABS Fund, LLC is based in New York, New York.
When did First Principles ABS Fund, LLC launch?
First Principles ABS Fund, LLC reports its first sale in May 2009.
Size compared with every hedge fund
Raised more than 22% of the 2,525 hedge funds based in New York, and more than 20% of all 10,129 that report sales.