Form D · Hedge Fund
FengHe Asia (UST) Fund Ltd.
Singapore, U0 · CIK 0001814073
Offering snapshot reported Dec 5, 2025 · SEC filing
- Reported sold
- $142M Indefinite offering
- Investors reported
- 139 Form D · investor count
- Minimum accepted
- $100K Reported outside-investor minimum
- First sale
- Apr 1, 2017 As reported in this filing
Fundraising history
Reported soldDates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.
What changed?
Latest filing versus its linked predecessor, where available.
- Reported sold$211,428,555 → $141,763,353
- Reported investors127 → 139
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Dec 5, 2025 | Amendment | $141,763,353 | -$69,665,202vs Dec 5, 2024 | 139 | SEC filing |
| Dec 5, 2024 | Amendment | $211,428,555 | $99,305,555vs Nov 2, 2021 | 127 | SEC filing |
| Nov 2, 2021 | Amendment | $112,123,000 | $62,615,000vs Aug 5, 2020 | 50 | SEC filing |
| Aug 5, 2020 | Initial | $49,508,000 | No comparison | 31 | SEC filing |
Offering details
- Securities
- Equity, Pooled investment fund
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $4.88M (estimated)
- Finders' fees
- $0
- Form D file number
- 021-372577
The total amount sold and the number of investors only reflect sales to U.S. investors. Redemptions are not taken into consideration.
Fund distributors are paid fees based on sales of interests with certain U.S. investors. The 2024 amendment included sales commissions for the reported period only. This amendment includes the cumulative total sales commissions since inception.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Far Hills Group, LLC | 32243 | |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | 7691 | |
| J.P. Morgan Securities LLC | 79 | |
| Citigroup Global Markets Inc. | 7059 |
Source: Form D, filed Dec 5, 2025. Minimum accepted may differ from a standard advertised minimum.
Fund connections
The linked fund shows its most recently reported ADV details.
Matched by reported Form D file number
FENGHE ASIA (UST) FUND LTD.
Investment adviser: FENGHE FUND MANAGEMENT PTE. LTD.
- Gross asset value
- Not reported
- Beneficial owners
- Not reported
- ADV minimum commitment
- Not reported
Reported in Form ADV on Apr 1, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
No provider names available in this fund's imported disclosure.
Provider details
- Annual audit
- Not reported
- Prime brokers
- Not reported
- Custodians
- Not reported
- Administrator other than the adviser
- Not reported
- External marketing
- Not reported
Filing source
Form ADV 2085420 · Apr 1, 2026 · Schedule D 7.B.(1), fund 805-7019866375
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.
People & organizations
Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.
| Name | Reported role |
|---|---|
| N/A Feng He Fund Management Pte. Ltd. | Executive, Promoter |
| Matt Hu | Director |
| Hyen Yong Kwek | Director, Executive |
| Christina Liu | Director |
| Philip Tye | Director |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Singapore, U0, 049909