HedgeMountain

FengHe Asia (USTE) Fund Ltd.

Singapore, Singapore · CIK 1814089
Offshore

FengHe Asia (USTE) Fund Ltd. is a hedge fund based in Singapore, Singapore. According to its most recent Form D, filed Dec 5, 2025, the fund has sold $450,957,863 of interests to 47 investors since its first sale in Oct 2017. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Hyen Yong Kwek; Philip Tye; FengHe Fund Management Pte. Ltd.

Performance

No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.

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Total raised
$450,957,863Cumulative sales reported on Form D
Investors
47
First sale
Oct 1, 2017
Minimum investment
$100,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Hyen Yong Kwek; Philip Tye; FengHe Fund Management Pte. Ltd
Latest Form D
Dec 5, 2025

From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures

Size compared with every hedge fund

Raised more than 95% of the 61 hedge funds based in Singapore, and more than 80% of all 10,157 that report sales.

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