FIRST TURN MANAGEMENT, LLC: Investment Adviser Form ADV Filing

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Sovereign wealth & foreign institutions	1	$807,048,145	89.7%
Pooled investment vehicles	3	$93,074,884	10.3%

Filing source

Form ADV 2045076 · Mar 25, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

2 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

FIRST TURN, LPHedge Fund · Last reported Mar 25, 2026$33.8MGross asset value

Form D fundraising filings

First Turn, LP

Fund administrator NAV FUND SERVICES OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator STANDISH MANAGEMENT (PREV ALPHA ALTERNATIVES) WALNUT CREEK, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RICHEY, MAY & CO., LLP ENGLEWOOD, Colorado, United States

Custodian JP MORGAN CHASE NEW YORK, New York, United States Related to adviser: No

Marketer MEADOWHAWK GROUP, LLC LAFAYETTE, California, United States Related to adviser: No

Prime broker JP MORGAN CHASE NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

RICHEY, MAY & CO., LLP
PCAOB 673

Fund details & source

Fund ID: 805-9336397802
Reported beneficial owners: 56
Minimum commitment: $1M
Form D file number: 021-311597

Form ADV 2045076 · Mar 25, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FIRST TURN RX, LPHedge Fund · Last reported Mar 25, 2026$2.45MGross asset value

Form D fundraising filings

First Turn Rx, LP

Fund administrator NAV FUND SERVICES OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator STANDISH MANAGEMENT (PREV ALPHA ALTERNATIVES) WALNUT CREEK, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor RICHEY, MAY & CO., LLP ENGLEWOOD, Colorado, United States

Custodian JP MORGAN CHASE NEW YORK, New York, United States Related to adviser: No

Marketer MEADOWHAWK GROUP, LLC LAFAYETTE, California, United States Related to adviser: No

Prime broker JP MORGAN CHASE NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

RICHEY, MAY & CO., LLP
PCAOB 673

Fund details & source

Fund ID: 805-2598492849
Reported beneficial owners: 4
Minimum commitment: $1M
Form D file number: 021-543761

Form ADV 2045076 · Mar 25, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 25, 2026. View historical filings

Reported services

Individual portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

674 VIA DE LA VALLE, SUITE 308
SOLANA BEACH, CA, 92075, United States

CRD 327421

Filing source

Form ADV 2045076 · Mar 25, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.