First Principles Group Management, Llc
- Regulatory AUM
- $1.6B
- Discretionary
- $1.6B
- Clients
- 23
- Avg AUM / client
- $71.1M
- Accounts
- 23
- Employees
- 2
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of May 13, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 23 | $1.6B | 100.0% |
Private funds (13)
Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $340M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Fpg Ad Astra V, Llc | Private Equity Fund | Delaware | $59.3M | 125 |
| First Principles Group Fund Ii Ocisly, Llc | Private Equity Fund | Delaware | $47.0M | 112 |
| Fpg Ad Astra Iv, Llc | Private Equity Fund | Delaware | $41.8M | 85 |
| Fpg Ad Claritas I, Lp | Venture Capital Fund | Nevada | $33.8M | 81 |
| Fpg Huge Tree, Llc | Venture Capital Fund | Delaware | $32.5M | 100 |
| Fpg Fund Iv, Llc | Private Equity Fund | Delaware | $31.5M | 63 |
| First Principles Group Fund I, Llc | Private Equity Fund | Delaware | $24.4M | 40 |
| Fpg Ad Astra Vi, Llc | Private Equity Fund | Nevada | $21.8M | 79 |
| Fpg Big Tree, Llc | Venture Capital Fund | Delaware | $19.8M | 10 |
| Fpg Free Bird Fund, Llc | Private Equity Fund | Delaware | $11.0M | 59 |
| Fpg Ad Astra Vii, Lp | Private Equity Fund | Nevada | $8.6M | 35 |
| Fpg Ad Claritas Ii, Lp | Venture Capital Fund | Nevada | $6.2M | 16 |
| Fpg Ad Nexum I, Lp | Venture Capital Fund | Delaware | $2.5M | 31 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Benjamin Holland | Member / Manager / Chief Compliance Officer | CFP | Dec 2023 (3y) | 50% – 75% |
| Maurer, Robert, John | Member / Manager | Dec 2023 (3y) | 50% – 75% |
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (13, $340M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Fpg Ad Astra V, Llc | Private Equity Fund | $59.3M | $126K | 125 |
| First Principles Group Fund Ii Ocisly, Llc | Private Equity Fund | $47.0M | $50.6K | 112 |
| Fpg Ad Astra Iv, Llc | Private Equity Fund | $41.8M | $303K | 85 |
| Fpg Ad Claritas I, Lp | Venture Capital Fund | $33.8M | $40.4K | 81 |
| Fpg Huge Tree, Llc | Venture Capital Fund | $32.5M | $154K | 100 |
| Fpg Fund Iv, Llc | Private Equity Fund | $31.5M | $51.3K | 63 |
| First Principles Group Fund I, Llc | Private Equity Fund | $24.4M | $50.5K | 40 |
| Fpg Ad Astra Vi, Llc | Private Equity Fund | $21.8M | $10.6K | 79 |
| Fpg Big Tree, Llc | Venture Capital Fund | $19.8M | $103K | 10 |
| Fpg Free Bird Fund, Llc | Private Equity Fund | $11.0M | $51.3K | 59 |
| Fpg Ad Astra Vii, Lp | Private Equity Fund | $8.6M | $152K | 35 |
| Fpg Ad Claritas Ii, Lp | Venture Capital Fund | $6.2M | $253K | 16 |
| Fpg Ad Nexum I, Lp | Venture Capital Fund | $2.5M | $5.1K | 31 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/13/2026 | 5.21 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 13, 2026.
View current Form ADV (SEC/IAPD) ↗