FPG Ad Astra XI, LP is a venture capital fund based in Chicago, Illinois. According to its most recent Form D, filed Jan 27, 2026, it has sold $9,254,843 of interests to 33 investors since its first sale in Jan 2026. The minimum investment it accepts from an outside investor is $51,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Robert Maurer; First Principles Group Management LLC; Benjamin Holland.
- Total raised
- $9,254,843Cumulative sales reported on Form D
- Investors
- 33
- First sale
- Jan 16, 2026
- Minimum investment
- $51,000
- 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
- Robert Maurer; First Principles Group Management LLC; Benjamin Holland
- Latest Form D
- Jan 27, 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 FPG Ad Astra XI, LP
What is the minimum investment for FPG Ad Astra XI, LP?
According to its latest Form D, filed Jan 27, 2026, the minimum investment FPG Ad Astra XI, LP accepts from an outside investor is $51,000.
Who can invest in FPG Ad Astra XI, LP?
FPG Ad Astra XI, 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 FPG Ad Astra XI, LP raised?
FPG Ad Astra XI, LP reports $9,254,843 sold from 33 investors on its Form D filed Jan 27, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is FPG Ad Astra XI, LP based?
FPG Ad Astra XI, LP is based in Chicago, Illinois and is managed by First Principles Group.
When did FPG Ad Astra XI, LP launch?
FPG Ad Astra XI, LP reports its first sale in Jan 2026, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 68% of the 148 venture capital funds based in Illinois, and more than 87% of all 15,160 that report sales.