First Turn, LP
Hedge FundFund ID 805-9336397802Delaware, United States
Gross assets
$33.8M
Min. investment
$1M
Beneficial owners
56
Size rank
Top 62%
Audited
Yes
Structure
Standalone
About this fund
First Turn, LP is a hedge fund managed by First Turn Management, LLC. The fund reports $33.8 million in gross assets, placing it among the top 62% of private funds by size. The stated minimum investment is $1 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-9336397802 |
| Fund type | Hedge Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | No |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| Sales limited to qualified investors | Yes |
| % of assets independently valued | 93% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| First Turn Rx, LP | Hedge | $2.5M |
Frequently asked questions
How large is First Turn, LP?
First Turn, LP reports $33.8 million in gross assets, among the top 62% of private funds by size.
What is the minimum investment for First Turn, LP?
The stated minimum investment is $1 million.
Who manages First Turn, LP?
First Turn, LP is managed by First Turn Management, LLC.
Does First Turn, LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
F
Solana Beach, CA
Service providers
Prime broker
Custodian
Administrator
Auditor
Marketer
Reported gross assets
$33.8M▲ 7%
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 62%
Larger than 38% of 67,041 private funds
Gross assets vs Hedge FundsTop 75%
Larger than 25% of 12,442 hedge funds
Minimum investmentTop 33%
Higher than 67% of funds reporting a minimum
Investor base
Adviser & related persons%
Funds of funds%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.