FPG Ad
VC firm · Chicago, IL
Verified active in the last 12 monthsSEC-registered adviser
Venture firm based in Chicago, IL. Most recent fund on file: FPG Ad Ultra IV, LP ($8.5M offering), filed Aug 2026. 1 deal vehicle (SPVs) filed with the SEC since Dec 2023.
“At FPG, we believe in first principles thinking. Not only in the companies we invest in, but how we manage our business. Investing should be straightforward, transparent, and tailored to each individual.” (from the firm’s website)
- Stages
- Pre-seed, Seed
- Typical check (est.)
- $75K–$250K
- Latest fund
- $8.53M · Aug 2026
- Last verified activity
- Aug 2026
Focus
Sector focus not yet verifiedFunds and vehicles on SEC file
- Aug 2026
FPG Ad Ultra IV, LP
Fund · $8.53M offering
- Mar 2026
FPG Ad Ultra III, LP
Fund
- Jan 2026
FPG Ad Astra XI, LP
Fund · $9.25M offering
- Dec 2025
FPG Ad Claritas VI, LP
Fund · $10.6M offering
- Dec 2025
FPG Ad Claritas V, LP
Fund
- Nov 2025
FPG Ad Astra X, LP
Fund · $25.5M offering
- Jul 2025
FPG Ad Claritas IV, LP
Fund · $10.1M offering
- May 2025
FPG Ad Ultra II, LP
Fund · $9.29M offering
- Sep 2024
FPG Ad Ultra I, LP
Fund · $13M offering
- May 2024
FPG Ad Claritas II, LP
Fund
Sources
- SEC Form D: FPG Ad Ultra IV, LPAug 27, 2026
- SEC Form D: FPG Ad Ultra III, LPMar 31, 2026
- SEC Form D: FPG Ad Astra XI, LPJan 27, 2026
- SEC Form D: FPG Ad Claritas VI, LPDec 22, 2025
- SEC Form D: FPG Ad Claritas V, LPDec 4, 2025
- SEC Form D: FPG Ad Astra X, LPNov 5, 2025
- SEC adviser record: First Principles GroupMay 13, 2026
- Firm websiteOct 12, 2026
Profile last verified Oct 12, 2026. Is this you? Correct or remove this profile.