# FIRST ANALYSIS CAPITAL MANAGEMENT LLC

FIRST ANALYSIS CAPITAL MANAGEMENT LLC of CHICAGO, IL is an SEC-registered investment adviser.

## Registration

- CRD: 161373
- Type: SEC-registered investment adviser
- SEC file number: 801-74366
- Location: ONE SOUTH WACKER - 39TH FLOOR, CHICAGO, IL, 60606
- Phone: 312-258-1400
- Latest filing: 2026-05-10
- Regulatory AUM: $186.2M
- Discretionary AUM: $186.2M
- Clients: 25
- Accounts: 8

## Business model

- Compensation: % of AUM, Performance
- Clients served: Investment cos

## Officers, owners & control persons (9)

| Name | Role | Location |
| --- | --- | --- |
| [Francis Oliver Nicklin](https://search.stillhousedata.com/person/692683) | CHAIRMAN | — |
| [David John Leshuk](https://search.stillhousedata.com/person/692684) | CHIEF COMPLIANCE OFFICER | — |
| [HAMILTON CHARLES ALVIS](https://search.stillhousedata.com/person/735485) | MANAGING MEMBER | — |
| [NICKLIN FRANCIS OLIVER](https://search.stillhousedata.com/person/735489) | CEO/PRESIDENT; CHAIRMAN; CHIEF EXECUTIVE OFFICER AND PRESIDENT | — |
| [KROPKE PAUL STEVEN](https://search.stillhousedata.com/person/830134) | CHIEF COMPLIANCE OFFICER; CHIEF COMPLIANCE OFFICER (FILING ADVISER AND RELYING ADVISERS) | — |
| [RAYNOR DANIEL](https://search.stillhousedata.com/person/830135) | MANAGING MEMBER | — |
| [BARANDIARAN WALTER HUMBERTO](https://search.stillhousedata.com/person/830136) | MANAGING MEMBER | — |
| [KOULOGEORGE MARK THOMAS](https://search.stillhousedata.com/person/830137) | MEMBER (RELYING ADVISER, FIRST ANALYSIS MANAGEMENT COMPANY IV, L.L.C.) | — |
| [LESHUK DAVID JOHN](https://search.stillhousedata.com/person/870921) | CHIEF COMPLIANCE OFFICER | — |


## Private funds (8)

Mix: Venture Capital Fund 5 · Private Equity Fund 3

| Fund | Type | Formed | Owners | GAV | Min investment |
| --- | --- | --- | --- | --- | --- |
| FIRST ANALYSIS FUND XII+, L.P. | Venture Capital Fund | Delaware | 62 | $68.6M | $3.0M |
| FIRST ANALYSIS PRIVATE EQUITY FUND V-A, L.P. | Private Equity Fund | Delaware | 24 | $50.0M | $1.0M |
| FIRST ANALYSIS FUND XIV-A, L.P. | Venture Capital Fund | Delaware | 74 | $32.9M | $3.0M |
| FIRST ANALYSIS PRIVATE EQUITY FUND V, L.P. | Private Equity Fund | Delaware | 6 | $15.8M | $1.0M |
| FIRST ANALYSIS FUND XII+ (CAYMAN), L.P. | Venture Capital Fund | Cayman Islands | 2 | $6.4M | $3.0M |
| FIRST ANALYSIS FUND XIV (CAYMAN), L.P. | Venture Capital Fund | Cayman Islands | 3 | $4.5M | $3.0M |
| FIRST ANALYSIS PRIVATE EQUITY FUND V-C, L.P. | Private Equity Fund | Cayman Islands | 2 | $4.4M | $1.0M |
| FIRST ANALYSIS FUND XIV, L.P. | Venture Capital Fund | Delaware | 21 | $3.6M | $3.0M |


## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/161373/brochure
- Similar advisers: https://search.stillhousedata.com/firm/161373/similar
- Related entities: https://search.stillhousedata.com/firm/161373/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/161373

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.