AltMountain

First Light Focus Feeder Fund, Ltd.

Edina, MN · CIK 1994984 · Managed by First Light Asset Management, LLC
Emerging

First Light Focus Feeder Fund, Ltd. is a hedge fund based in Edina, Minnesota. According to its most recent Form D, filed Oct 5, 2026, the fund has sold $22,111,528 of interests to 5 investors since its first sale in Oct 2023. The minimum investment it accepts from an outside investor is $100,000. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include First Light Asset Management LLC; Kurt Peterson; Nicole Ramroop.

Performance

13F estimate · public data only

No verified returns have been reported for this fund. As a rough guide, First Light Asset Management, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +21.5% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +73.4% (S&P 500: +37.2%).

This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.

Is this your fund? Report your monthly returns · How performance works

Total raised
$22,111,528Cumulative sales reported on Form D
Investors
5
First sale
Oct 2, 2023
Minimum investment
$100,000
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 Asset Management LLC; Kurt Peterson; Nicole Ramroop
Latest Form D
Oct 5, 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 Light Focus Feeder Fund, Ltd.

What is the minimum investment for First Light Focus Feeder Fund, Ltd.?

According to its latest Form D, filed Oct 5, 2026, the minimum investment First Light Focus Feeder Fund, Ltd. accepts from an outside investor is $100,000.

Who can invest in First Light Focus Feeder Fund, Ltd.?

First Light Focus Feeder Fund, Ltd. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.

How much has First Light Focus Feeder Fund, Ltd. raised?

First Light Focus Feeder Fund, Ltd. reports $22,111,528 sold from 5 investors on its Form D filed Oct 5, 2026. This is cumulative sales since the offering began, not current assets or performance.

Where is First Light Focus Feeder Fund, Ltd. based?

First Light Focus Feeder Fund, Ltd. is based in Edina, Minnesota and is managed by First Light Asset Management, LLC.

When did First Light Focus Feeder Fund, Ltd. launch?

First Light Focus Feeder Fund, Ltd. reports its first sale in Oct 2023, 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 44% of the 70 hedge funds based in Minnesota, and more than 32% of all 10,308 that report sales.

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