Form D · Other Investment Fund

First Principles Fund One LP

Basking Ridge, NJ · CIK 0001817146

Offering snapshot reported Mar 9, 2026 · SEC filing

Reported sold
$17.5M
Indefinite offering
Investors reported
58
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jun 8, 2020
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$8.77M$17.5MJun 30, 2021: $6,420,000.00Jun 30, 2021Jun 29, 2022: $9,850,000.00Jun 29, 2022Jun 28, 2023: $10,625,000.00Jun 28, 2023Mar 11, 2024: $11,925,000.00Mar 10, 2025: $16,075,000.00Mar 10, 2025Mar 9, 2026: $17,536,062.00Mar 9, 2026

Dates 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.

  • Reported sold$16,075,000 → $17,536,062
  • Reported investors52 → 58

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 9, 2026Amendment$17,536,062$1,461,062vs Mar 10, 202558SEC filing
Mar 10, 2025Amendment$16,075,000$4,150,000vs Mar 11, 202452SEC filing
Mar 11, 2024Amendment$11,925,000$1,300,000vs Jun 28, 202344SEC filing
Jun 28, 2023Amendment$10,625,000$775,000vs Jun 29, 202241SEC filing
Jun 29, 2022Amendment$9,850,000$3,430,000vs Jun 30, 202137SEC filing
Jun 30, 2021Amendment$6,420,000No comparisonNot reportedSEC filing
Jul 8, 2020Initial$200,000No comparison1SEC filing

Offering details

Securities
Pooled investment fund, Other
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-370433
Limited Partnership Interests. The General Partner may accept lesser amounts of the minimum investment of $1,000,000 at its discretion.

Source: Form D, filed Mar 9, 2026. 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 PRINCIPLES FUND ONE LP

Investment adviser: FIRST PRINCIPLES INVESTMENT MANAGER LLC

Gross asset value
$25M
Beneficial owners
46
ADV minimum commitment
$1M

Reported in Form ADV on Apr 1, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV FUND ADMINISTRATION GROUP OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor SPICER JEFFERIES LLP DENVER, Colorado, United States
Custodian KOTAK MAHINDRA BANK MUMBAI, India Related to adviser: No
Marketer NOD HILL INVESTMENT PARTNERS, LLC 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
Yes

SPICER JEFFERIES LLP
PCAOB 349

Filing source

Form ADV 2089083 · Apr 1, 2026 · Schedule D 7.B.(1), fund 805-8953791175

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.

People and organizations reported in Form D filings
NameReported role
Sunil Asnani Executive
Kshitij Bhatia Executive
Rahul Bhatia Executive
N/A First Principles Fund One General Partner Llc Executive, Promoter
N/A First Principles Investment Manager Llc Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O First Principles Fund One Gp Llc 11 Parkwood Lane
Basking Ridge, NJ, 07920