Form D · Venture Capital Fund

FPG Ad Ultra I, LP

Chicago, IL · CIK 0002032588

Offering snapshot reported Sep 5, 2024 · SEC filing

Reported sold: $13M
Investors reported: 90
Minimum accepted: $10.1K
First sale: Aug 30, 2024

Fundraising history

Reported sold

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$13,000,000 → $13,008,800
Minimum accepted$0 → $10,100

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 5, 2024	Initial	$13,000,000	No comparison	90	SEC filing
Sep 5, 2024	Amendment	$13,008,800	$8,800vs Sep 5, 2024	90	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-523220

Source: Form D, filed Sep 5, 2024. 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

FPG AD ULTRA I, LP

Investment adviser: FIRST PRINCIPLES GROUP MANAGEMENT, LLC

Gross asset value: $41.9M
Beneficial owners: 90
ADV minimum commitment: $10.1K

Reported in Form ADV on May 13, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

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

Filing source

Form ADV 2104383 · May 13, 2026 · Schedule D 7.B.(1), fund 805-2624390131

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
Name	Reported role
First Principles Group Management Llc	Executive
Fpg Partners Iv Gp, Llc	Executive
Benjamin Holland	Executive
Robert Maurer	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

230 E Ohio St Ste 410 1087
Chicago, IL, 60611