FPG AD Claritas I, LP
First Principles Group · adviser of record: First Principles Group Management, LLC · 2023 vintage
FPG AD Claritas I, LP is a 2023 venture fund managed by First Principles Group. It reported $213mm in gross assets at year-end 2025, its highest reported value.
- Latest value held
- $213mm year-end 2025
- Peak
- $213mm year-end 2025
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $213mm | – | +531% over 2 yrs |
| 2023 | $33.8mm | – | – |
Other funds from First Principles Group
- FPG Huge Tree, LLC 2023
- FPG Big Tree, LLC 2023
- FPG AD Claritas II, LP 2023
- FPG AD Nexum I, LP 2023
All First Principles Group funds
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-7302974396. Data updated October 13, 2026.
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