Form D · Hedge Fund
First Light Prism Fund, LP
Edina, MN · CIK 0001763810
Offering snapshot reported Dec 19, 2025 · SEC filing
- Reported sold
- $172M Indefinite offering
- Investors reported
- 69 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Jan 2, 2019 As reported in this filing
Fundraising history
Reported soldDates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.
What changed?
Latest filing versus its linked predecessor, where available.
No comparable changes in the displayed metrics.
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Dec 19, 2025 | Amendment | $171,530,503 | $0vs Dec 23, 2024 | 69 | SEC filing |
| Dec 23, 2024 | Amendment | $171,530,503 | $0vs Jan 10, 2024 | 69 | SEC filing |
| Jan 10, 2024 | Amendment | $171,530,503 | $4,022,246vs Jan 10, 2023 | 69 | SEC filing |
| Jan 10, 2023 | Amendment | $167,508,257 | $77,650,000vs Jan 11, 2022 | 69 | SEC filing |
| Jan 11, 2022 | Amendment | $89,858,257 | $50,434,171vs Jan 13, 2021 | 53 | SEC filing |
| Jan 13, 2021 | Amendment | $39,424,086 | $4,014,000vs Jan 13, 2020 | 17 | SEC filing |
| Jan 13, 2020 | Amendment | $35,410,086 | $28,327,106vs Jan 15, 2019 | 15 | SEC filing |
| Jan 15, 2019 | Initial | $7,082,980 | No comparison | 9 | SEC filing |
Offering details
- Securities
- Equity, Pooled investment fund
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $376K (estimated)
- Finders' fees
- $0
- Form D file number
- 021-330589
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| John Kennedy Dierkes | 1629115 | Pickwick Capital Partners, Inc. · CRD 130672 |
| Brian Beh | 1500962 | Frontier Solutions, LLC · CRD 136102 |
Source: Form D, filed Dec 19, 2025. Minimum accepted may differ from a standard advertised minimum.
Fund connections
The linked fund shows its most recently reported ADV details.
Matched by reported Form D file number
FIRST LIGHT PRISM FUND, LP
Investment adviser: FIRST LIGHT ASSET MANAGEMENT, LLC
- Gross asset value
- $194M
- Beneficial owners
- 53
- ADV minimum commitment
- $1M
Reported in Form ADV on Mar 24, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
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
Filing source
Form ADV 2063727 · Mar 24, 2026 · Schedule D 7.B.(1), fund 805-2423759169
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
People & organizations
Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.
| Name | Reported role |
|---|---|
| Mathew P. Arens | Executive |
| N/A First Light Asset Management Llc | Executive, Promoter |
| N/A First Light Focus Fund Gp, Llc | Promoter |
| N/A First Light Prism Fund Gp, Llc | Promoter |
| Timothy Gullickson | Promoter |
| Jin K. Lien | Executive |
| Kurt Peterson | Executive |
| Scott Ree | Promoter |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Edina, MN, 55435