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Meet Our Team

Investment results ultimately depend on judgment, discipline, and temperament. First Principles Global Capital is built around an independent, research-driven approach and a long-term owner’s perspective. The firm is entirely employee owned.

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Investment Team.

Matthew Hochstetler, Chief Investment Officer

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Matt Hochstetler is the Founder and Chief Investment Officer of First Principles Global Capital. He has more than 20 years of investment experience across global markets, with a focus on concentrated, valuation-disciplined public-equity investing.

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Before founding First Principles Global Capital, Matt was a Partner and Equity Portfolio Manager at Capital Group. During more than 12 years at Capital Group, he invested across global markets. Earlier, he researched companies in the United States, Canada, Latin America, and Greece as an Investment Analyst before becoming a Portfolio Manager in 2017. Before Capital Group, he was a Portfolio Manager and Equity Analyst at Janus Capital and worked at Bain & Company and Chase Capital Partners.

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Matt is an Executive Fellow at Harvard Business School and an Adjunct Professor at Georgetown University, where he teaches an annual short one week course in investment management. He earned an MBA with high distinction from Harvard Business School, where he was a Baker Scholar, and a BSFS in International Finance and Economics, magna cum laude with departmental honors and Phi Beta Kappa, from Georgetown University’s School of Foreign Service.

 

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Operational Partners

KPMG (Cayman)

Independent Auditor

KPMG provides independent audit and assurance services to the Fund through its specialized asset-management practice. KPMG Cayman also operates within a regional cluster comprising more than 650 professionals and 40 partners.

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NAV Fund Services

Fund Administrator

NAV provides independent fund administration, including fund accounting, net asset value calculation, investor reporting, and related operational support. Full dual controls are in place to protect client capital. NAV Fund Services administers more than $450 billion across over 2,500 clients.

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Interactive Brokers

Trading

Interactive Brokers provides institutional brokerage, trade execution, clearing, custody, and reporting services for the Fund. Interactive Brokers, a Nasdaq-listed member of the S&P 500, served 5.46 million fund and individual client accounts, holding $962.8 billion in client equity as of August 2026.

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Riveles Wahab

Legal

Riveles Wahab advises the Fund and its manager on fund formation, structuring, securities law, regulatory compliance, and ongoing legal matters. Simon Riveles has launched more than 1,000 funds since 2011 and has practiced corporate and securities law since 1999.

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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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