Form D · Hedge Fund

First Principle Fund, Ltd.

Grand Cayman, E9 · CIK 0001409163

Offering snapshot reported Mar 5, 2018 · SEC filing

Reported sold: $431M
Investors reported: 27
Minimum accepted: $50K
First sale: May 1, 2006

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$427,985,840 → $430,855,840

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Mar 5, 2018	Amendment	$430,855,840	$2,870,000vs Mar 14, 2017	27	SEC filing
Mar 14, 2017	Amendment	$427,985,840	$163,260,492vs Mar 12, 2013	27	SEC filing
Mar 14, 2016	Amendment	$427,985,840	$163,260,492vs Mar 12, 2013	27	SEC filing
Mar 12, 2015	Amendment	$425,960,840	$161,235,492vs Mar 12, 2013	26	SEC filing
Mar 12, 2014	Amendment	$421,540,840	$156,815,492vs Mar 12, 2013	25	SEC filing
Mar 12, 2013	Amendment	$264,725,348	$40,000,000vs Mar 12, 2012	25	SEC filing
Mar 12, 2012	Amendment	$224,725,348	$1,525,000vs Mar 10, 2011	24	SEC filing
Mar 10, 2011	Amendment	$223,200,348	$17,600,000vs Mar 15, 2010	24	SEC filing
Mar 15, 2010	Amendment	$205,600,348	No comparison	14	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $219K
Finders' fees: $0
Form D file number: 021-107149

Sales agent receives a portion of the management fee and the performance fee payable (if any).

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
MBSC Securities Corp.	231
J.P. Morgan Securities LLC	79

Source: Form D, filed Mar 5, 2018. 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 PRINCIPLE FUND, LTD.

Investment adviser: EACM ADVISORS LLC

Gross asset value: $60.8M
Beneficial owners: 13
ADV minimum commitment: $1M

Reported in Form ADV on Jun 3, 2019. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator MUFG FUND SERVICES (CAYMAN) LTD GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG GRAND CAYMAN, Cayman Islands

Custodian MUFG FUND SERVICES (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands Related to adviser: No

Marketer MBSC SECURITIES CORPORATION NEW YORK, New York, United States Related to adviser: Yes

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker GOLDMAN SACHS INTERNATIONAL LONDON, United Kingdom

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

KPMG
PCAOB 1323

MBSC SECURITIES CORPORATION
CRD 231 · SEC 801-54739

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

Filing source

Form ADV 1327268 · Jun 3, 2019 · Schedule D 7.B.(1), fund 805-1420852189

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
Eacm Advisors Llc Eacm Advisors Llc	Executive
Eacm Advisors Llc	Promoter
Ian Goodall	Director
Ian Goodhall	Director
Martin Lang	Director
Michael Mc Donald	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Mufg Alternative Fund Svcs (Cayman) Ltd 227 Elgin Avenue, P.O. Box 852
Grand Cayman, E9, KY1-1103