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INDEPENDENT THINKING.
A GLOBAL PERSPECTIVE.

BUILT FOR LONG-TERM INVESTING.

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First Principles Global Capital is an independent investment firm focused on long-term ownership of a concentrated portfolio of public companies around the world. We combine fundamental research, disciplined valuation, and careful assessment of management and capital allocation.

 

Our employee-owned structure is designed to preserve independent judgment, patient decision-making, and close alignment with our investors. We seek durable businesses with attractive economics and capable stewards, favoring depth over breadth and enduring value over short-term market noise.

Why First Principles?

First-principles investing begins with the underlying economics of a business—not with index weights, market forecasts, or prevailing narratives.

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We ask a small number of demanding questions: How does the company create value? Why should its advantages endure? Does management allocate capital intelligently? What could permanently impair the investment? Our research is designed to develop an independent view of each company’s long-term earning power and intrinsic value.

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We search globally, invest selectively, and wait patiently for opportunities where business quality, valuation, and downside protection come together. The portfolio is built around our highest-conviction ideas and a long time horizon, rather than short-term market activity.

First Principles Global Capital logo

First Principles Global Capital is a 100% employee owned, independent investment firm focused on long-term capital appreciation. We invest globally through a concentrated portfolio built on fundamental research, valuation discipline, and an owner-oriented understanding of businesses.

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We seek to invest our client's capital into durable companies, capable management teams, opportunities where price offers a meaningful margin of safety, and our perception of the business differs from the market, ideally where we have found a hidden nugget that is under appreciated. Our approach is patient, selective, and grounded in independent judgment rather than market fashion. Many investors are trying to use AI to enhance short term results. We engage AI but only through the lens of long term business and management quality, misperception, and value.

© 2026 First Principles Global Capital, LLC. All rights reserved. · Important Disclosures · Privacy Policy.

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NO OFFERING OR INVESTMENT INQUIRIES

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First Principles Global Capital, LLC does not offer interests in any investment fund through this website. Nothing on this website constitutes or is intended to constitute an offer to sell, a solicitation of an offer to purchase, or an invitation to express interest in any security, fund interest or other investment product.

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The Fund relies on the private-offering exemption provided by Rule 506(b) of Regulation D, which prohibits general solicitation and general advertising. Accordingly, investment subscriptions, indications of interest, requests for offering or subscription materials, and other investment-related inquiries are not accepted through this website and will not be considered or answered. Visiting this website or contacting First Principles through it does not create a pre-existing, substantive relationship or qualify any person to receive information concerning a fund offering.

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Any offering of Fund interests would be made privately, solely through definitive offering documents, only to eligible persons with whom the Fund or its authorized representatives have a pre-existing, substantive relationship, and only in compliance with applicable law.

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