First Principles Capital Management is an investment management firm with expertise across the global fixed income securities and derivatives markets. The firm provides highly customized investment portfolios for its clients, which include prominent endowments and foundations, financial institutions, industrial corporations, pension funds, family offices and trusts. The investment team has extensive experience and a noteworthy history of innovation in the debt capital markets. The investment process and client service model is founded on the principle that it is necessary to gain an understanding of client-specific objectives, constraints and idiosyncratic factors in order to design and execute on the optimal strategy for each client. The orientation of the team facilitates a continuous relative value assessment within and across fixed income asset classes.