FPG Ad Ultra IV, LP is a venture capital fund based in Chicago, Illinois. According to its most recent Form D, filed Aug 27, 2026, it has sold $8,525,912 of interests to 29 investors since its first sale in Aug 2026. The minimum investment it accepts from an outside investor is $101,500. 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 Benjamin Holland; First Principles Group Management LLC; Robert Maurer.
- Total raised
- $8,525,912Cumulative sales reported on Form D
- Investors
- 29
- First sale
- Aug 13, 2026
- Minimum investment
- $101,500
- 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
- Benjamin Holland; First Principles Group Management LLC; Robert Maurer
- Latest Form D
- Aug 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 Ultra IV, LP
What is the minimum investment for FPG Ad Ultra IV, LP?
According to its latest Form D, filed Aug 27, 2026, the minimum investment FPG Ad Ultra IV, LP accepts from an outside investor is $101,500.
Who can invest in FPG Ad Ultra IV, LP?
FPG Ad Ultra IV, 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 Ultra IV, LP raised?
FPG Ad Ultra IV, LP reports $8,525,912 sold from 29 investors on its Form D filed Aug 27, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is FPG Ad Ultra IV, LP based?
FPG Ad Ultra IV, LP is based in Chicago, Illinois and is managed by First Principles Group.
When did FPG Ad Ultra IV, LP launch?
FPG Ad Ultra IV, LP reports its first sale in Aug 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 67% of the 148 venture capital funds based in Illinois, and more than 86% of all 15,160 that report sales.