First Light Prism 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 $171,530,503 of interests to 69 investors since its first sale in Jan 2019. 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 Asset Management LLC; First Light Prism Fund GP, LLC.
- Total raised
- $171,530,503Cumulative sales reported on Form D
- Investors
- 69
- First sale
- Jan 2, 2019
- 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 Asset Management LLC; First Light Prism Fund GP, 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 80% of the 70 hedge funds based in Minnesota, and more than 66% of all 10,157 that report sales.