Form D · Other Investment Fund

First Principles Structured Income Fund, LLC

New York, NY · CIK 0001548357

Offering snapshot reported Oct 4, 2019 · SEC filing

Reported sold
$47.7M
Indefinite offering
Investors reported
27
Form D · investor count
Minimum accepted
$500K
Reported outside-investor minimum
First sale
Feb 3, 2012
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$26.8M$53.5MMay 7, 2012: $11,000,000.00May 7, 2012Oct 15, 2014: $46,350,000.00Feb 3, 2015: $46,350,000.00Feb 4, 2016: $46,350,000.00Feb 22, 2017: $51,747,250.00Feb 27, 2019: $53,547,250.00Oct 4, 2019: $47,720,035.00Oct 4, 2019

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$53,547,250 → $47,720,035
  • Reported investors20 → 27

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Oct 4, 2019Amendment$47,720,035-$5,827,215vs Feb 27, 201927SEC filing
Feb 27, 2019Amendment$53,547,250$1,800,000vs Feb 22, 201720SEC filing
Feb 22, 2017Amendment$51,747,250$5,397,250vs Feb 4, 201620SEC filing
Feb 4, 2016Amendment$46,350,000$0vs Feb 3, 201515SEC filing
Feb 3, 2015Amendment$46,350,000$0vs Oct 15, 201415SEC filing
Oct 15, 2014Amendment$46,350,000$35,350,000vs May 7, 201215SEC filing
May 7, 2012Initial$11,000,000No comparison7SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-177786
Previous filings included all callable capital, current filing only includes capital called

Source: Form D, filed Oct 4, 2019. 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 STRUCTURED INCOME FUND, LLC

Investment adviser: FIRST PRINCIPLES CAPITAL MANAGEMENT, LLC

Gross asset value
$16.2M
Beneficial owners
26
ADV minimum commitment
$500K

Reported in Form ADV on Mar 31, 2022. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor SAX LLP CLIFTON, New Jersey, United States
Custodian BANK OF AMERICA MERRILL LYNCH NEW YORK, New York, United States Related to adviser: No
Custodian WELLS FARGO 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
No
External marketing
No

SAX LLP
PCAOB 3849

Filing source

Form ADV 1628041 · Mar 31, 2022 · Schedule D 7.B.(1), fund 805-3378158926

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
Mark G Alexandridis Executive
Michael Baek Executive
Hong Chen Executive
Douglas A Dachille Executive
Richard F Dolan Executive
N/A First Principles Capital Management Llc Promoter
N/A First Principles Partners, Llc Promoter
David Ho Executive
Prasad Kadiyala Executive
Robert R Lewis Executive
Mark F Lieberman Executive
Stephen R Miller Executive
Jeanine F Stampfl Executive
James H Van Epps Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O First Principles Capital Management 140 Broadway, 21st Floor
New York, NY, 10005