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.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles23$1,636,018,564100.0%
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 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.

FPG AD NOVO III, LPVenture Capital Fund · Last reported May 13, 2026$7.76MGross asset value

Form D fundraising filings

FPG Ad Novo III, LP

Fund administrator CARTA INVESTOR SERVICES, INC. SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor FRANK, RIMERMAN + CO. LLP SAN JOSE, California, United States
Custodian BREX TREASURY LLC DRAPER, Utah, 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

FRANK, RIMERMAN + CO. LLP
PCAOB 1596

BREX TREASURY LLC
SEC 8-70251

Fund details & source
Fund ID
805-9233257168
Reported beneficial owners
47
Minimum commitment
$50.5K
Form D file number
021-559202

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 NEXUM I, LPVenture Capital Fund · Last reported May 13, 2026$6.66MGross asset value

Form D fundraising filings

FPG Ad Nexum I, LP

Fund administrator CARTA INVESTOR SERVICES, INC. SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor FRANK, RIMERMAN + CO. LLP SAN JOSE, California, United States
Custodian BREX TREASURY LLC DRAPER, Utah, 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

FRANK, RIMERMAN + CO. LLP
PCAOB 1596

BREX TREASURY LLC
SEC 8-70251

Fund details & source
Fund ID
805-9030678999
Reported beneficial owners
31
Minimum commitment
$5.1K
Form D file number
021-500851

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.