First Principles Fund One LP
First Principles Fund One LP is a private investment fund based in Basking Ridge, New Jersey. According to its most recent Form D, filed Mar 9, 2026, it has sold $17,536,062 of interests to 58 investors since its first sale in Jun 2020. 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. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Rahul Bhatia; First Principles Fund One General Partner LLC; Kshitij Bhatia.
- Total raised
- $17,536,062Cumulative sales reported on Form D
- Investors
- 58
- First sale
- Jun 8, 2020
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Rahul Bhatia; First Principles Fund One General Partner LLC; Kshitij Bhatia
- Latest Form D
- Mar 9, 2026
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. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about First Principles Fund One LP
What is the minimum investment for First Principles Fund One LP?
First Principles Fund One LP's latest Form D, filed Mar 9, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in First Principles Fund One LP?
First Principles Fund One LP 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). It uses Rule 506(b), which does not allow general advertising.
How much has First Principles Fund One LP raised?
First Principles Fund One LP reports $17,536,062 sold from 58 investors on its Form D filed Mar 9, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is First Principles Fund One LP based?
First Principles Fund One LP is based in Basking Ridge, New Jersey and is managed by First Principles Group.
When did First Principles Fund One LP launch?
First Principles Fund One LP reports its first sale in Jun 2020.
Size compared with every private investment fund
Raised more than 55% of the 189 private investment funds based in New Jersey, and more than 49% of all 10,255 that report sales.