First Light Focus Fund, LP is a hedge fund based in Edina, Minnesota. According to its most recent Form D, filed Dec 19, 2025, the fund has sold $367,718,918 of interests to 118 investors since its first sale in Nov 2015. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include First Light Focus Fund GP LLC; First Light Asset Management LLC.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $367,718,918Cumulative sales reported on Form D
- Investors
- 118
- First sale
- Nov 2, 2015
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- First Light Focus Fund GP LLC; First Light Asset Management LLC
- Latest Form D
- Dec 19, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures
Size compared with every hedge fund
Raised more than 86% of the 70 hedge funds based in Minnesota, and more than 78% of all 10,157 that report sales.