First Principles Group

Private Equity SEC-registered adviser

Legal name: First Principles Group Management, LLC

Website LinkedIn X

AUM

$1.6B
Regulatory AUM

Private funds

23
Private Equity 12 · Venture Capital 11

Private fund assets

$1.6B
Gross asset value

Employees

2

Last Form D raise

Dec 2025
Most recent fund filing

From SEC Form ADV filing (filed May 13, 2026). View on SEC

People(2)

Owners and executive officers named on the firm's SEC Form ADV.

B
Benjamin Holland
Member / Manager / Chief Compliance Officer
Source: SEC Form ADV
R
Robert Maurer
Member / Manager
Source: SEC Form ADV

Funds(23)

Private funds reported on Form ADV, with amounts raised from the funds' SEC Form D filings.

FundTypeGross assetsRaised (Form D)InvestorsLast Form DRecency
Fpg Ad Claritas VI, LPVenture Capital$10.6M$10.6M33Dec 2025Warm
Fpg Ad Claritas V, LPVenture Capital$39.9M——Dec 2025Warm
Fpg Ad Astra X, LPPrivate Equity$50.1M$25.5M70Nov 2025Warm
Fpg Ad Novo III, LPVenture Capital$7.8M——Sep 2025Cool
Fpg Ad Claritas IV, LPVenture Capital$20.7M$10.1M37Jul 2025Cool
Fpg Ad Ultra II, LPVenture Capital$10.8M$9.3M35May 2025Cool
Fpg Ad Astra IX, LPPrivate Equity$27.3M$10.1M28Feb 2025Cool
Fpg Ad Claritas III, LPPrivate Equity$23.5M$7.4M40Nov 2024Cool
Fpg Ad Astra VIII, LPPrivate Equity$64.8M$20.4M57Sep 2024Cold
Fpg Ad Ultra I, LPVenture Capital$41.9M$13.0M90Sep 2024Cold
Fpg Ad Astra VII, LPPrivate Equity$21.1M$2.5M33Sep 2024Cold
Fpg Ad Claritas II, LPVenture Capital$38.8M——May 2024Cold
Fpg Ad Claritas I, LPVenture Capital$213.5M——May 2024Cold
Fpg Ad Astra VI, LLCPrivate Equity$94.7M$5.0M21Jan 2024Cold
Fpg Ad Nexum I, LPVenture Capital$6.7M$2.0M31Dec 2023Cold

Board seats

Companies whose SEC Form D filings name one of this firm's people as a director, matched by name and office ZIP code.

No board seats matched from SEC filings yet.

Regulatory identifiers

CRD number
322950
SEC file number
801-130840

Sources