First Principles Group Management LLC

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Assets, Funds, Holdings

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First Principles Group Management LLC
CRD #322950
SEC #801-130840
CIK #
AUM $630.8 M (2025-07-01)
Employees 2 (100% Investors, 0% Brokers)
Phone847-668-7950
Address
Source [IAPD] [Website] [Twitter] [LinkedIn]
Total AUM ($M)
70056042028014002011201620212026
Type Form D Funds Date Sold ($M) AUM ($M)
Other FPG AD Astra VIII LP [2025-03-31] 20.4 28.6
Other FPG AD Claritas III LP [2025-03-31] 7.4 7.3
VC FPG AD Ultra I LP [2025-03-31] 13.0 13.1
PE FPG AD Astra IV LLC [2024-06-30] 33.9 80.3
PE FPG AD Astra VII LP [2024-06-30] 2.5 9.3
PE FPG AD Astra VI LLC [2024-06-30] 5.0 41.6
PE FPG AD Astra V LLC [2024-06-30] 48.5 113.9
VC FPG AD Claritas II LP [2024-06-30] 0.0 11.1
VC FPG AD Claritas I LP [2024-06-30] 0.0 61.3
VC FPG AD Nexum I LP [2024-06-30] 2.0 2.5
VC FPG Big Tree LLC [2024-06-30] 21.3 20.9
VC FPG HUGE Tree LLC [2024-06-30] 33.3 32.6
PE FPG Free Bird Fund LLC [2023-03-29] 13.0 10.6
PE FPG Fund IV LLC [2023-03-29] 25.6 60.2
PE First Principles Group Fund II Ocisly LLC [2022-12-07] 35.9 80.2
PE First Principles Group Fund I LLC [2022-12-07] 15.2 57.3
AUM Breakdown Accounts AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals) 0 0.0
(b) Individuals (high net worth individuals) 0 0.0
(c) Banking or thrift institutions 0 0.0
(d) Investment companies 0 0.0
(e) Business development companies 0 0.0
(f) Pooled investment vehicles 16 630.8
(g) Pension and profit sharing plans 0 0.0
(h) Charitable organizations 0 0.0
(i) State or municipal government entities 0 0.0
(j) Other investment advisers 0 0.0
(k) Insurance companies 0 0.0
(l) Sovereign wealth funds and foreign official institutions 0 0.0
(m) Corporations or other businesses not listed above 0 0.0
(n) Other 0 0.0
Total 16 630.8
By Discretionary
Discretionary 16 630.8
Non-Discretionary 0 0.0
Total 16 630.8
By Non-United States Persons
Non-United States Persons 0.0
United States Persons 630.8
Total 16 630.8
Form D Directors # Filings # Firms 2011 - 2025
Robert Maurer 15
Benjamin Holland 10
Michael Friedberg 10
FPG Partners IV GP LLC 9
First Principles Group Management LLC 9
First Principles Group Management 1
Comparable Firms State AUM ($B)
Stillwater Asset Management LLC
MN 0.6
Revival Healthcare Capital LLC
TX 0.6
Rock Island Capital LLC
IL 0.6
Hastings Equity Partners LLC
MA 0.6
Chicago Atlantic Advisers LLC
IL 0.6
Bench WALK Advisors LLC
FL 0.6
Sandlot Partners LLC
UT 0.6
Stone-Goff Management LLC
NY 0.6
CCC Advisors LLC
TX 0.6
Cuadrilla Capital LLC
CA 0.6
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