Investment adviser · CRD 168899

FIRST LIGHT ASSET MANAGEMENT, LLC

Investment adviser filing (IA)

EDINA, MN, United States · Form ADV filed Mar 24, 2026

Regulatory AUM: $1.41B
Client accounts: 861
Employees: 14
Advisory professionals: 7

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	5	$975,233,671	69.3%
High-net-worth individuals	659	$354,770,732	25.2%
Individuals	167	$41,314,626	2.9%
Corporations & businesses	18	$26,474,488	1.9%
Retirement plans	5	$5,594,045	0.4%
Charities	7	$4,130,314	0.3%

Filing source

Form ADV 2063727 · Mar 24, 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

4 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 LIGHT FOCUS FUND, LPHedge Fund · Last reported Mar 24, 2026$659MGross asset value

Form D fundraising filings

First Light Focus Fund, LP

Feeder funds

FIRST LIGHT FOCUS FEEDER FUND, LTD

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, 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

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian TD SECURITIES (USA) LLC NEW YORK, New York, United States Related to adviser: No

Marketer BUTLER CAPITAL PARTNERS OYSTER BAY, New York, United States Related to adviser: No

Marketer PICKWICK CAPITAL PARTNERS, LLC WHITE PLAINS, New York, United States Related to adviser: No

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Prime broker TD SECURITIES (USA) LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

RSM US, LLP
PCAOB 49

CIBC BANK USA
LEI FDXQ75GPEQKRPWABYN63

JEFFERIES LLC
SEC 8-15074

TD SECURITIES (USA) LLC
SEC 8-36747

BUTLER CAPITAL PARTNERS
CRD 114242 · SEC 8-53413

PICKWICK CAPITAL PARTNERS, LLC
CRD 130672 · SEC 8-66373

JEFFERIES LLC
CRD 2347 · SEC 8-15074

TD SECURITIES (USA) LLC
CRD 18476 · SEC 8-36747

Fund details & source

Fund ID: 805-6914433678
Reported beneficial owners: 94
Minimum commitment: $1M
Form D file number: 021-248594

Form ADV 2063727 · Mar 24, 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 LIGHT PRISM FUND, LPHedge Fund · Last reported Mar 24, 2026$194MGross asset value

Form D fundraising filings

First Light Prism Fund, LP

Feeder funds

FIRST LIGHT PRISM FEEDER FUND, LTD.

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, 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

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Marketer BUTLER CAPITAL PARTNERS OYSTER BAY, New York, United States Related to adviser: No

Marketer PICKWICK CAPITAL PARTNERS, LLC WHITE PLAINS, New York, United States Related to adviser: No

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

RSM US, LLP
PCAOB 49

CIBC BANK USA
LEI FDXQ75GPEQKRPWABYN63

J.P. MORGAN SECURITIES LLC
SEC 8-35008

BUTLER CAPITAL PARTNERS
CRD 114242 · SEC 8-53413

PICKWICK CAPITAL PARTNERS, LLC
CRD 130672 · SEC 8-66373

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-2423759169
Reported beneficial owners: 53
Minimum commitment: $1M
Form D file number: 021-330589

Form ADV 2063727 · Mar 24, 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 LIGHT GENESIS+ FUND, LPHedge Fund · Last reported Mar 24, 2026$122MGross asset value

Form D fundraising filings

First Light Genesis Fund, LP

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, 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

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Provider details

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

RSM US, LLP
PCAOB 49

CIBC BANK USA
LEI FDXQ75GPEQKRPWABYN63

JEFFERIES LLC
SEC 8-15074

JEFFERIES LLC
CRD 2347 · SEC 8-15074

Fund details & source

Fund ID: 805-6833271658
Reported beneficial owners: 1
Minimum commitment: $1M
Form D file number: 021-506083

Form ADV 2063727 · Mar 24, 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 LIGHT FOCUS (QP) FUND, LPHedge Fund · Last reported Dec 3, 2024$104MGross asset value

Form D fundraising filings

First Light Focus (QP) Fund, LP

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, 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

Custodian CONTINENTAL STOCK TRANSFER & TRUST NEW YORK, New York, United States Related to adviser: No

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY DOMESTIC HOLDINGS, INC. NEW YORK, New York, United States Related to adviser: No

Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Marketer FRONTIER SOLUTIONS, LLC EDEN PRAIRIE, Minnesota, United States Related to adviser: No

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Prime broker MAREX CAPITAL MARKETS INC. NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

RSM US, LLP
PCAOB 49

CIBC BANK USA
LEI FDXQ75GPEQKRPWABYN63

JEFFERIES LLC
SEC 8-15074

MORGAN STANLEY DOMESTIC HOLDINGS, INC.
LEI 549300RJIC678ZPVWG08

PERSHING LLC
SEC 8-17574

FRONTIER SOLUTIONS, LLC
CRD 136102 · SEC 8-66972

JEFFERIES LLC
CRD 2347 · SEC 8-15074

MAREX CAPITAL MARKETS INC.
CRD 161014 · SEC 8-69039

Fund details & source

Fund ID: 805-2666414553
Reported beneficial owners: 15
Minimum commitment: $1M
Form D file number: 021-420546

Form ADV 1917618 · Dec 3, 2024 · 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: Mar 24, 2026. View historical filings

Reported services

Individual portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

3300 EDINBOROUGH WAY, SUITE 201
EDINA, MN, 55435, United States

CRD 168899

Filing source

Form ADV 2063727 · Mar 24, 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.