Investment adviser · CRD 322950
FIRST PRINCIPLES GROUP
Investment adviser filing (IA)
FIRST PRINCIPLES GROUP MANAGEMENT, LLC
· Form ADV filed May 13, 2026
- Regulatory AUM
- $1.64B Form ADV · Item 5.F
- Client accounts
- 23 Accounts, not individual clients
- Employees
- 2 Reported in this filing
- Advisory professionals
- 2 Investment advisory functions
Who they report serving
Form ADV · Item 5.DClient types and their share of reported regulatory assets.
| Client type | Clients | Regulatory assets | Share of AUM |
|---|---|---|---|
| Pooled investment vehicles | 23 | $1,636,018,564 | 100.0% |
Filing source
Form ADV 2104383 · May 13, 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
23 Private fundsThe count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.
FPG FREE BIRD FUND, LLCPrivate Equity Fund · Last reported May 13, 2026$27.1MGross asset value
Form D fundraising filings
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
FRANK, RIMERMAN + CO. LLP
PCAOB 1596
BREX TREASURY LLC
SEC 8-70251
Fund details & source
- Fund ID
- 805-7726658100
- Reported beneficial owners
- 59
- Minimum commitment
- $51.3K
- Form D file number
- 021-464024
Form ADV 2104383 · May 13, 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.
FPG AD CLARITAS III, LPPrivate Equity Fund · Last reported May 13, 2026$23.5MGross asset value
Form D fundraising filings
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
FRANK, RIMERMAN + CO. LLP
PCAOB 1596
BREX TREASURY LLC
SEC 8-70251
Fund details & source
- Fund ID
- 805-9756175970
- Reported beneficial owners
- 40
- Minimum commitment
- $50.8K
- Form D file number
- 021-530727
Form ADV 2104383 · May 13, 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.
FPG AD ASTRA VII, LPPrivate Equity Fund · Last reported May 13, 2026$21.1MGross asset value
Form D fundraising filings
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
FRANK, RIMERMAN + CO. LLP
PCAOB 1596
BREX TREASURY LLC
SEC 8-70251
Fund details & source
- Fund ID
- 805-3003700764
- Reported beneficial owners
- 35
- Minimum commitment
- $152K
- Form D file number
- 021-523230
Form ADV 2104383 · May 13, 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.
FPG AD CLARITAS IV, LPVenture Capital Fund · Last reported May 13, 2026$20.7MGross asset value
Form D fundraising filings
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
FRANK, RIMERMAN + CO. LLP
PCAOB 1596
BREX TREASURY LLC
SEC 8-70251
Fund details & source
- Fund ID
- 805-5364689052
- Reported beneficial owners
- 37
- Minimum commitment
- $50.8K
- Form D file number
- 021-552506
Form ADV 2104383 · May 13, 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.
FPG BIG TREE, LLCVenture Capital Fund · Last reported May 13, 2026$20.6MGross asset value
Form D fundraising filings
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
FRANK, RIMERMAN + CO. LLP
PCAOB 1596
BREX TREASURY LLC
SEC 8-70251
Fund details & source
- Fund ID
- 805-5251473817
- Reported beneficial owners
- 100
- Minimum commitment
- $103K
- Form D file number
- 021-492220
Form ADV 2104383 · May 13, 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.
FPG AD ULTRA II, LPVenture Capital Fund · Last reported May 13, 2026$10.8MGross asset value
Form D fundraising filings
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
FRANK, RIMERMAN + CO. LLP
PCAOB 1596
BREX TREASURY LLC
SEC 8-70251
Fund details & source
- Fund ID
- 805-8920968539
- Reported beneficial owners
- 35
- Minimum commitment
- $152K
- Form D file number
- 021-546159
Form ADV 2104383 · May 13, 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.
FPG AD CLARITAS VI, LPVenture Capital Fund · Last reported May 13, 2026$10.6MGross asset value
Form D fundraising filings
Provider details
- Annual audit
- Yes
- Prime brokers
- No
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
FRANK, RIMERMAN + CO. LLP
PCAOB 1596
BREX TREASURY LLC
SEC 8-70251
Fund details & source
- Fund ID
- 805-3750222195
- Reported beneficial owners
- 33
- Minimum commitment
- $101K
- Form D file number
- 021-567766
Form ADV 2104383 · May 13, 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 13, 2026. View historical filings
Reported services
Pooled investment vehicle management
Compensation
Percentage of assets · Performance-based
Principal office
CRD 322950
Filing source
Form ADV 2104383 · May 13, 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.