Form D · Other Investment Fund

FM First China Fund LLC

New York, NY · CIK 0001946970

Offering snapshot reported Dec 15, 2025 · SEC filing

Reported sold: $98.7M
Investors reported: 110
Minimum accepted: $20K
First sale: Dec 1, 2009

Fundraising history

Reported sold

Dates 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$98,208,933 → $98,708,933

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 15, 2025	Amendment	$98,708,933	$500,000vs Dec 12, 2024	110	SEC filing
Dec 12, 2024	Amendment	$98,208,933	$25,075,000vs Feb 20, 2024	110	SEC filing
Feb 20, 2024	Amendment	$73,133,933	$0vs Dec 12, 2023	109	SEC filing
Dec 12, 2023	Amendment	$73,133,933	$70,000vs Dec 13, 2022	109	SEC filing
Dec 13, 2022	Initial	$73,063,933	No comparison	109	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-467235

Portfolio Managers for separate accounts invested in the fund receive compensation for amounts invested in the fund but do not separately receive a portfolio management fee at an account level.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
N/A	None	First Manhattan Securities LLC · CRD 1845

Source: Form D, filed Dec 15, 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

FM FIRST CHINA FUND LLC

Investment adviser: FIRST MANHATTAN CO. LLC

Gross asset value: $475M
Beneficial owners: 96
ADV minimum commitment: $500K

Reported in Form ADV on Aug 13, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator ULTIMUS FUND SOLUTIONS, LLC CINCINNATI, Ohio, United States Investor statements: Some (provided to some but not all investors) Related to adviser: No

Auditor EISNERAMPER LLP NEW YORK, New York, United States

Custodian PERSHING LLC JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

EISNERAMPER LLP
PCAOB 274

Filing source

Form ADV 2125816 · Aug 13, 2026 · Schedule D 7.B.(1), fund 805-4018407646

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.

People and organizations reported in Form D filings
Name	Reported role
Andrew Aspen	Executive
N/A First Manhattan Co.	Promoter
N/A First Manhattan Co. Llc	Promoter
Xiang Huang	Executive
Adam Schwartz	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

399 Park Avenue 27 Th Floor
New York, NY, 10022