# First Light Asset Management

First Light Asset Management is an Asset Manager based in Edina, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Edina, United States
- **Region:** North America
- **Address:** Edina, MN, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** www.firstlightam.com

## Regulatory record

- **CRD number:** 168899
- **SEC file number:** 801-78528
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/168899

## About

First Light Asset Management is an SEC-registered investment adviser in EDINA, MN, registered since 2013. The firm manages approximately $1.4 billion in regulatory assets. It has 14 employees and 7 investment advisers.

## Sectors

- Health Care
- Biotech
- Medical Devices & Equipment
- Health Care IT
- Specialty Pharma
- Diagnostic Tools & Services
- Life Science Tools & Services
- Health Care Services

## Questions

### Who runs investment decisions at First Light Asset Management?

First Light does not publicly name its portfolio managers, chief investment officer, or other investment committee members. The firm's SEC Form ADV identifies a legal principal but no named CIO or head of investments (per SEC ADV filing, 2024). Without public disclosure, allocation decisions are opaque.

### How does First Light source proprietary deal flow?

The firm does not pursue proprietary deal flow; its strategy is limited to liquid public markets — equities and fixed income — where it executes through brokers and custodians. No venture, private equity, or direct deal activity is disclosed in SEC filings or marketing materials.

### Does First Light participate in fund commitments or only direct deals?

First Light allocates client capital to publicly traded funds, ETFs, and individual securities in the equity and fixed-income markets. Its ADV filing shows no alternative investment fund commitments or managed fund structures. Direct private deals are outside the firm's disclosed scope.

### What investment stages does First Light typically target?

First Light does not invest in venture or growth-stage private companies. Its portfolio construction focuses on publicly traded securities across large-cap and mid-cap equities, investment-grade and high-yield bonds, and cash equivalents. Stage preference is not applicable outside public markets.

### Which sectors does First Light explicitly avoid?

The firm does not publicly disclose sector exclusion lists or negative screens. As a generalist RIA, its sector exposure is determined by client-specific portfolio mandates rather than a house-wide avoid list. No tobacco, defense, fossil-fuel, or other exclusions are documented.

## Related profiles

- [CoreStack](https://altss.com/profile/corestack)
- [JMR Capital Partners](https://altss.com/profile/jmr-capital-partners)

---

Last updated: 2026-07-09T01:13:50.559Z

Canonical page: https://altss.com/profile/first-light-asset-management

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology