# FIRST PRINCIPLES GROUP MANAGEMENT, LLC

FIRST PRINCIPLES GROUP MANAGEMENT, LLC is an SEC-registered investment adviser.

## Registration

- CRD: 322950
- Type: SEC-registered investment adviser
- SEC file number: 801-130840
- Phone: 847-668-7950
- Latest filing: 2026-05-13
- Regulatory AUM: $1.6B
- Discretionary AUM: $1.6B
- Clients: 2
- Accounts: 23

## Business model

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

## Officers, owners & control persons (5)

| Name | Role | Location |
| --- | --- | --- |
| [Benjamin Holland](https://search.stillhousedata.com/person/3244) | MEMBER / MANAGER / CHIEF COMPLIANCE OFFICER | Chicago, IL |
| [Robert John Maurer](https://search.stillhousedata.com/person/689215) | MEMBER / MANAGER | — |
| [HOLLAND FRED BENJAMIN](https://search.stillhousedata.com/person/761374) | MEMBER / MANAGER; MEMBER / MANAGER / CHIEF COMPLIANCE OFFICER | — |
| [MAURER ROBERT JOHN](https://search.stillhousedata.com/person/877966) | MEMBER / MANAGER | — |
| [FRIEDBERG MICHAEL R](https://search.stillhousedata.com/person/904523) | MANAGER | — |


## Private funds (23)

Mix: Private Equity Fund 12 · Venture Capital Fund 11

_Showing 15 of 23 funds by gross asset value._

| Fund | Type | Formed | Owners | GAV | Min investment |
| --- | --- | --- | --- | --- | --- |
| FPG AD ASTRA V, LLC | Private Equity Fund | Delaware | 125 | $258.0M | $126K |
| FPG AD CLARITAS I, LP | Venture Capital Fund | Nevada | 81 | $213.5M | $40K |
| FPG AD ASTRA IV, LLC | Private Equity Fund | Delaware | 85 | $182.1M | $303K |
| FIRST PRINCIPLES GROUP FUND II OCISLY, LLC | Private Equity Fund | Delaware | 112 | $180.6M | $51K |
| FPG FUND IV, LLC | Private Equity Fund | Delaware | 63 | $136.8M | $51K |
| FIRST PRINCIPLES GROUP FUND I, LLC | Private Equity Fund | Delaware | 40 | $126.1M | $51K |
| FPG AD ASTRA VI, LLC | Private Equity Fund | Nevada | 79 | $94.7M | $11K |
| FPG AD ASTRA VIII, LP | Private Equity Fund | Nevada | 57 | $64.8M | $36K |
| FPG AD ASTRA X, LP | Private Equity Fund | Nevada | 70 | $50.1M | $102K |
| FPG AD ULTRA I, LP | Venture Capital Fund | Nevada | 90 | $41.9M | $10K |
| FPG AD CLARITAS V, LP | Venture Capital Fund | Nevada | 95 | $39.9M | $51K |
| FPG AD CLARITAS II, LP | Venture Capital Fund | Nevada | 16 | $38.8M | $253K |
| FPG HUGE TREE, LLC | Venture Capital Fund | Delaware | 100 | $32.6M | $154K |
| FPG AD ASTRA IX, LP | Private Equity Fund | Nevada | 28 | $27.3M | $102K |
| FPG FREE BIRD FUND, LLC | Private Equity Fund | Delaware | 59 | $27.1M | $51K |


## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/322950/brochure
- Similar advisers: https://search.stillhousedata.com/firm/322950/similar
- Related entities: https://search.stillhousedata.com/firm/322950/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/322950

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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.