First Generation Fund I LP
First Generation Fund I LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Aug 14, 2026, the fund has sold $11,863,382 of interests to 25 investors since its first sale in Jan 2025. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Jeff Hau; First Generation GP LLC.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
Is this your fund? Report your monthly returns · How performance works
- Total raised
- $11,863,382Cumulative sales reported on Form D
- Investors
- 25
- First sale
- Jan 1, 2025
- Minimum investment
- $1,000,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Jeff Hau; First Generation GP LLC
- Latest Form D
- Aug 14, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain 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 · Request a correction
Questions about First Generation Fund I LP
What is the minimum investment for First Generation Fund I LP?
According to its latest Form D, filed Aug 14, 2026, the minimum investment First Generation Fund I LP accepts from an outside investor is $1,000,000.
Who can invest in First Generation Fund I LP?
First Generation Fund I LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has First Generation Fund I LP raised?
First Generation Fund I LP reports $11,863,382 sold from 25 investors on its Form D filed Aug 14, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is First Generation Fund I LP based?
First Generation Fund I LP is based in San Francisco, California and is managed by First Generation Holdings LLC.
When did First Generation Fund I LP launch?
First Generation Fund I LP reports its first sale in Jan 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 37% of the 1,060 hedge funds based in California, and more than 23% of all 10,308 that report sales.