First Turn Rx, LP
Hedge FundFund ID 805-2598492849Delaware, United States
Gross assets
$2.5M
Min. investment
$1M
Beneficial owners
4
Size rank
Top 90%
Audited
Yes
Structure
Standalone
About this fund
First Turn Rx, LP is a hedge fund managed by First Turn Management, LLC. The fund reports $2.5 million in gross assets, placing it among the top 90% 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 | 805-2598492849 |
| 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, LP | Hedge | $33.8M |
Frequently asked questions
How large is First Turn Rx, LP?
First Turn Rx, LP reports $2.5 million in gross assets, among the top 90% of private funds by size.
What is the minimum investment for First Turn Rx, LP?
The stated minimum investment is $1 million.
Who manages First Turn Rx, LP?
First Turn Rx, LP is managed by First Turn Management, LLC.
Does First Turn Rx, 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
$2.5M▲ 64%
Apr '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 90%
Larger than 10% of 67,041 private funds
Gross assets vs Hedge FundsTop 94%
Larger than 6% 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.