Investment adviser · CRD 161373

FIRST ANALYSIS CAPITAL MANAGEMENT LLC

Investment adviser filing (IA)

CHICAGO, IL, United States · Form ADV filed May 10, 2026

Regulatory AUM: $186M
Client accounts: 8
Employees: 25
Advisory professionals: 9

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	8	$186,193,307	100.0%

Filing source

Form ADV 2103405 · May 10, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

12 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

FIRST ANALYSIS FUND XII+, L.P.Venture Capital Fund · Last reported May 10, 2026$68.6MGross asset value

Form D fundraising filings

FIRST ANALYSIS FUND XII, L.P.

Fund administrator HC GLOBAL FUND SERVICES, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP CHICAGO, Illinois, United States

Custodian CIBC BANK USA CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RSM US LLP
PCAOB 49

Fund details & source

Fund ID: 805-5232841135
Reported beneficial owners: 62
Minimum commitment: $3M
Form D file number: 021-288359

Form ADV 2103405 · May 10, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FIRST ANALYSIS PRIVATE EQUITY FUND V-A, L.P.Private Equity Fund · Last reported May 10, 2026$50MGross asset value

Form D fundraising filings

FIRST ANALYSIS PRIVATE EQUITY FUND V-A, L.P.

Fund administrator HC GLOBAL FUND SERVICES, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP CHICAGO, Illinois, United States

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RSM US LLP
PCAOB 49

Fund details & source

Fund ID: 805-8960461048
Reported beneficial owners: 24
Minimum commitment: $1M
Form D file number: 021-161793

Form ADV 2103405 · May 10, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FIRST ANALYSIS FUND XIV-A, L.P.Venture Capital Fund · Last reported May 10, 2026$32.9MGross asset value

Form D fundraising filings

First Analysis Fund XIV-A, L.P.

Fund administrator HC GLOBAL FUND SERVICES, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP CHICAGO, Illinois, United States

Custodian CIBC BANK USA CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RSM US LLP
PCAOB 49

Fund details & source

Fund ID: 805-9757668737
Reported beneficial owners: 74
Minimum commitment: $3M
Form D file number: 021-489516

Form ADV 2103405 · May 10, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FIRST ANALYSIS PRIVATE EQUITY FUND V, L.P.Private Equity Fund · Last reported May 10, 2026$15.8MGross asset value

Form D fundraising filings

FIRST ANALYSIS PRIVATE EQUITY FUND V, L.P.

Fund administrator HC GLOBAL FUND SERVICES, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP CHICAGO, Illinois, United States

Custodian JPMORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RSM US LLP
PCAOB 49

Fund details & source

Fund ID: 805-6407278952
Reported beneficial owners: 6
Minimum commitment: $1M
Form D file number: 021-161792

Form ADV 2103405 · May 10, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FIRST ANALYSIS FUND XII+ (CAYMAN), L.P.Venture Capital Fund · Last reported May 10, 2026$6.36MGross asset value

Form D fundraising filings

First Analysis Fund XII (Cayman), L.P.

Fund administrator HC GLOBAL FUND SERVICES, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP CHICAGO, Illinois, United States

Custodian CIBC BANK USA CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RSM US LLP
PCAOB 49

Fund details & source

Fund ID: 805-2067633083
Reported beneficial owners: 2
Minimum commitment: $3M
Form D file number: 021-290668

Form ADV 2103405 · May 10, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FIRST ANALYSIS FUND XIV (CAYMAN), L.P.Venture Capital Fund · Last reported May 10, 2026$4.52MGross asset value

Form D fundraising filings

First Analysis Fund XIV (Cayman), L.P.

Fund administrator HC GLOBAL FUND SERVICES, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM CAYMAN LTD GRAND CAYMAN, Cayman Islands

Custodian CIBC BANK USA CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RSM CAYMAN LTD
PCAOB 6894

Fund details & source

Fund ID: 805-1231034758
Reported beneficial owners: 3
Minimum commitment: $3M
Form D file number: 021-488682

Form ADV 2103405 · May 10, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FIRST ANALYSIS PRIVATE EQUITY FUND V-C, L.P.Private Equity Fund · Last reported May 10, 2026$4.41MGross asset value

Form D fundraising filings

FIRST ANALYSIS PRIVATE EQUITY FUND V-C, L.P.

Fund administrator HC GLOBAL FUND SERVICES, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RSM US LLP CHICAGO, Illinois, United States

Custodian JP MORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

RSM US LLP
PCAOB 49

Fund details & source

Fund ID: 805-4967807487
Reported beneficial owners: 2
Minimum commitment: $1M
Form D file number: 021-195209

Form ADV 2103405 · May 10, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: May 10, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

ONE SOUTH WACKER - 39TH FLOOR
CHICAGO, IL, 60606, United States

CRD 161373

Filing source

Form ADV 2103405 · May 10, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.