Form D · Hedge Fund

First Turn, LP

Del Mar, CA · CIK 0001737714

Offering snapshot reported Nov 6, 2025 · SEC filing

Reported sold: $149M
Investors reported: 67
Minimum accepted: $0
First sale: May 1, 2018

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$148,292,514 → $148,592,514
Reported investors66 → 67

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Nov 6, 2025	Amendment	$148,592,514	$300,000vs Nov 6, 2023	67	SEC filing
Nov 6, 2024	Amendment	$148,592,514	$300,000vs Nov 6, 2023	67	SEC filing
Nov 6, 2023	Amendment	$148,292,514	-$1,920,965vs Feb 10, 2023	66	SEC filing
Feb 10, 2023	Amendment	$150,213,479	$16,395,819vs Feb 23, 2022	83	SEC filing
Feb 23, 2022	Amendment	$133,817,660	$29,686,898vs Feb 23, 2021	70	SEC filing
Feb 23, 2021	Amendment	$104,130,762	$88,527,762vs Feb 22, 2019	71	SEC filing
Feb 24, 2020	Amendment	$87,935,761	$72,332,761vs Feb 22, 2019	49	SEC filing
Jul 11, 2019	Amendment	$16,103,000	$500,000vs Feb 22, 2019	30	SEC filing
Feb 22, 2019	Amendment	$15,603,000	$2,103,000vs May 3, 2018	28	SEC filing
May 3, 2018	Initial	$13,500,000	No comparison	15	SEC 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: 021-311597

Source: Form D, filed Nov 6, 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 TURN, LP

Investment adviser: FIRST TURN MANAGEMENT, LLC

Gross asset value: $33.8M
Beneficial owners: 56
ADV minimum commitment: $1M

Reported in Form ADV on Mar 25, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV FUND SERVICES OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator STANDISH MANAGEMENT (PREV ALPHA ALTERNATIVES) WALNUT CREEK, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RICHEY, MAY & CO., LLP ENGLEWOOD, Colorado, United States

Custodian JP MORGAN CHASE NEW YORK, New York, United States Related to adviser: No

Marketer MEADOWHAWK GROUP, LLC LAFAYETTE, California, United States Related to adviser: No

Prime broker JP MORGAN CHASE NEW YORK, New York, United States

Provider details

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

RICHEY, MAY & CO., LLP
PCAOB 673

Filing source

Form ADV 2045076 · Mar 25, 2026 · Schedule D 7.B.(1), fund 805-9336397802

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
Laura De Marco	Director
N/A First Turn Gp, Llc	Executive
N/A First Turn Gp Manager, Llc	Executive
Meredith Genova	Director
Catherine Nicholas	Executive
N/A Nicholas Investment Partners, L.L.C.	Executive
Nicholas Investment Partners, L.L.C.	Executive
N/A Nicholas Investment Partners, L.P.	Executive
Christopher Sirani	Executive
Christopher Siriani	Executive
Lisa Gable Wheatley	Executive
John Wylie	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

1155 Camino Del Mar, Suite 734
Del Mar, CA, 92014