First Principles Group Fund I, LLC is a private investment fund based in Chicago, Illinois. According to its most recent Form D, filed Sep 27, 2021, it has sold $15,150,000 of interests to 40 investors since its first sale in Sep 2021. The minimum investment it accepts from an outside investor is $50,500. 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 Friedberg.
- Total raised
- $15,150,000Cumulative sales reported on Form D
- Investors
- 40
- First sale
- Sep 13, 2021
- Minimum investment
- $50,500
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- $5,000,001 - $25,000,000Self-reported
- Key people and entities
- Michael Friedberg
- Latest Form D
- Sep 27, 2021
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 Group Fund I, LLC
What is the minimum investment for First Principles Group Fund I, LLC?
According to its latest Form D, filed Sep 27, 2021, the minimum investment First Principles Group Fund I, LLC accepts from an outside investor is $50,500.
Who can invest in First Principles Group Fund I, LLC?
First Principles Group Fund I, LLC 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 Principles Group Fund I, LLC raised?
First Principles Group Fund I, LLC reports $15,150,000 sold from 40 investors on its Form D filed Sep 27, 2021. This is cumulative sales since the offering began, not current assets or performance.
Where is First Principles Group Fund I, LLC based?
First Principles Group Fund I, LLC is based in Chicago, Illinois.
When did First Principles Group Fund I, LLC launch?
First Principles Group Fund I, LLC reports its first sale in Sep 2021.
Size compared with every private investment fund
Raised more than 45% of the 554 private investment funds based in Illinois, and more than 47% of all 10,333 that report sales.