Fpg Ad Ultra II, LP
Venture Capital FundFund ID 805-8920968539Nevada, United States
Gross assets
$10.8M
Min. investment
$152K
Beneficial owners
35
Size rank
Top 77%
Audited
Yes
Structure
Standalone
About this fund
Fpg Ad Ultra II, LP is a venture capital fund managed by First Principles Group Management, LLC. The fund reports $10.8 million in gross assets, placing it among the top 77% of private funds by size. The stated minimum investment is $151,500. 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 | 805-8920968539 |
| Fund type | Venture Capital 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 | 100% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Fpg Ad Astra V, LLC | Private Equity | $258M |
| Fpg Ad Claritas I, LP | Venture Capital | $213.5M |
| Fpg Ad Astra IV, LLC | Private Equity | $182.1M |
See all 22 funds from this manager — unlock the full record.
Join to unlock · $37/moFrequently asked questions
How large is Fpg Ad Ultra II, LP?
Fpg Ad Ultra II, LP reports $10.8 million in gross assets, among the top 77% of private funds by size.
What is the minimum investment for Fpg Ad Ultra II, LP?
The stated minimum investment is $151,500.
Who manages Fpg Ad Ultra II, LP?
Fpg Ad Ultra II, LP is managed by First Principles Group Management, LLC.
Does Fpg Ad Ultra II, LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Service providers
Prime broker
None reported
Custodian
Administrator
Auditor
Reported gross assets
$10.8MNo change
Mar '26Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 77%
Larger than 23% of 67,041 private funds
Gross assets vs Venture Capital FundsTop 58%
Larger than 42% of 5,217 venture capital funds
Minimum investmentTop 69%
Higher than 31% of funds reporting a minimum
Investor base
Adviser & related persons1%
Funds of funds%
Non-U.S. persons14%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.