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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 10b 100b

HHLR ADVISORS, LTD.

CRD 166112

SINGAPORE

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Search this name across graphsid dfx:ria:f698ab08-4b67-6696-3452-dd94d920e28f

Data as of Mar 31, 2023 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 3:54 AM UTC and rebuilt at most every 15 minutes.

Relationships: 22
Dated events: 13
On other graphs: 0
Observed: Nov 7, 2012 to Mar 31, 2023
20 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $46BItem 5.F on the latest filing (2023-03-31); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $45B
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 203
Advisory employees: 36
Offices: 2Schedule D 1.F, beyond the principal office
Accounts: 20
Individual clients: 0
High net worth clients: 0
Private funds: 3Schedule D 7.B(1)
Private fund GAV: $41Bgross asset value as reported per fund; never fund size
Custody, client assets: $41B
SEC number: 801-77363
CRD: 166112
Filings on the tape: 20
First filed: Nov 7, 2012
Latest filed: Mar 31, 2023
Organised: Other (specify)

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
HHLR FUND, L.P.	Hedge Fund	$20B	Mar 29, 2024	311	Mar 21, 2012	reported	n/a
HHLR CF, L.P.	Hedge Fund	$7.5B	Mar 29, 2024	191	Mar 1, 2018	reported	n/a
ERV INVESTMENT FUND, L.P.	Hedge Fund	$503M	Jul 31, 2021	2	Feb 1, 2019	dropped	n/a
TF-A, L.P.	Hedge Fund	$267M	Mar 29, 2024	6	Mar 29, 2024	reported	n/a
YHG INVESTMENT, L.P.	Hedge Fund	$72.2M	Mar 29, 2024	2	Mar 21, 2012	reported	n/a

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
HILLHOUSE GROUP HOLDINGS LIMITED	Shareholder	E	yes	12/2011	Jul 31, 2021	Mar 31, 2023
HILLHOUSE GROUP LIMITED	Shareholder	E	yes	10/2012	Jul 31, 2021	Mar 31, 2023
HORNUNG, RICHARD, A.	CO-CHIEF OPERATING OFFICER, GENERAL COUNSEL	Na	yes	09/2022	Nov 7, 2012	Mar 31, 2023
KIDNER, BRIDGET, NICHOLA	Director	Na	yes	03/2020	Mar 31, 2021	Mar 31, 2023
MA, CUIFANG, (TRACY)	CO-CHIEF OPERATING OFFICER	Na	yes	09/2022	Feb 1, 2019	Mar 31, 2023
O'CONNELL, COLM JOHN	Director	Na	yes	10/2012	Nov 7, 2012	Mar 31, 2023
WOON, AUDREY, HUI	CHIEF COMPLIANCE OFFICER	Na	yes	09/2022	Sep 1, 2022	Mar 31, 2023
XU, VIVIEN	CO-CHIEF INVESTMENT OFFICER	Na	yes	03/2022	Mar 31, 2022	Mar 31, 2023
ZHANG, LEI	Chairman	Na	yes	03/2022	Nov 7, 2012	Mar 31, 2023
ZHANG, LEI	Shareholder	E	yes	12/2011	Nov 7, 2012	Mar 31, 2023

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
HILLHOUSE INVESTMENT MANAGEMENT, LTD.	n/a	Former SEC adviser	$62B	N	yes	n/a
ALTITUDE CREST PARTNERS INC.	n/a	Former SEC adviser	$256M	N	yes	n/a
DGD INVESTMENT GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HH HR INVESTMENT GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HHCDR GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HHLR CF GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HHLR FUND GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HHLR MANAGEMENT PTE. LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE (BEIJING) ADVISORY LIMITED	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE CLIMATE FUND GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE FOCUSED GROWTH FUND V GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE FUND II GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE FUND III GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE FUND IV GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE FUND V GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE GBT FUND GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE HAWTHORN VENTURE OPPORTUNITIES FUND VI GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE HEALTHCARE FUND GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE INVESTMENT MANAGEMENT LIMITED	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE REAL ASSET OPPORTUNITIES FUND GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE VENTURE FUND V GP, LTD.	n/a	n/a	n/a	N	yes	n/a
HILLHOUSE VENTURE FUND VI GP, LTD.	n/a	n/a	n/a	N	yes	n/a
NK INVESTMENT MANAGEMENT V GP, LTD.	n/a	n/a	n/a	N	yes	n/a
SHANGHAI GAOLING EQUITY INVESTMENT MANAGEMENT LTD.	n/a	n/a	n/a	N	yes	n/a
YHG INVESTMENT GP, LTD.	n/a	n/a	n/a	N	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
Central	n/a	Hong Kong	6	no
GRAND CAYMAN	n/a	Cayman Islands	1	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2022	Mar 31, 2023	$46B	$45B	203	36	2	3	$41B
2021	Mar 31, 2022	$66B	$64B	219	42	2	3	$57B
2020	Mar 31, 2021	$73B	$70B	195	43	2	4	$62B
2019	Mar 30, 2020	$43B	$40B	167	39	3	4	$36B
2018	Feb 1, 2019	$29B	$26B	88	32	3	4	$25B
2017	Mar 31, 2018	$9.1B	$5.9B	57	25	3	1	$1.1B
2016	Mar 31, 2017	$4.3B	$2.5B	46	13	n/a	n/a	n/a
2015	Mar 30, 2016	$5.0B	$2.6B	38	13	n/a	n/a	n/a
2014	Mar 31, 2015	$3.8B	$1.8B	24	9	n/a	n/a	n/a
2013	Mar 31, 2014	$2.1B	$353M	15	7	n/a	n/a	n/a
2012	Mar 20, 2013	$618M	$0	9	5	n/a	n/a	n/a

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2022	$46B	$66B	-30.0%	$43B	2.2%	203	219	2	2

Relationships

Advises (5)

→ HHLR CF, L.P.Private fundHedge Fund, ERA
Mar 1, 2018 to presentfactForm ADV
→ TF-A, L.P.Private fundHedge Fund, ERA
Mar 29, 2024 to presentfactForm ADV
→ YHG INVESTMENT, L.P.Private fundHedge Fund, ERA
Mar 21, 2012 to presentfactForm ADV
→ HHLR FUND, L.P.Private fundHedge Fund, ERA
Mar 21, 2012 to presentfactForm ADV
→ ERV INVESTMENT FUND, L.P.Private fundHedge Fund, IA, no longer reported
Feb 1, 2019 to Jul 31, 2021factForm ADV

Affiliated with (7)

← ALTITUDE CREST PARTNERS INC.Registered adviserother investment adviser, bank, common control
factForm ADV
→ HILLHOUSE INVESTMENT MANAGEMENT, LTD.Registered adviserother investment adviser, bank, pooled vehicle sponsor, common control
factForm ADV
→ ALTITUDE CREST PARTNERS INC.Registered adviserother investment adviser, bank, common control
factForm ADV
← HILLHOUSE INVESTMENT MANAGEMENT, LTD.Registered adviserother investment adviser, bank, common control
factForm ADV
← HILLHOUSE CAPITAL MANAGEMENT LIMITEDRegistered adviserother investment adviser, bank, common control
factForm ADV
← HILLHOUSE CAPITAL MANAGEMENT PTE. LTD.Registered adviserother investment adviser, bank, common control
factForm ADV
← HILLHOUSE (BEIJING) ADVISORY LIMITEDRegistered adviserother investment adviser, bank, common control
factForm ADV

Controls (8)

← MA, CUIFANG, (TRACY)OwnerCO-CHIEF OPERATING OFFICER, ownership code NA, individual
Feb 1, 2019 to presentfactForm ADV
← ZHANG, LEIOwnerSHAREHOLDER, ownership code E, individual
Nov 7, 2012 to presentfactForm ADV
← HORNUNG, RICHARD, A.OwnerCO-CHIEF OPERATING OFFICER, GENERAL COUNSEL, ownership code NA, individual
Nov 7, 2012 to presentfactForm ADV
← O'CONNELL, COLM JOHNOwnerDIRECTOR, ownership code NA, individual
Nov 7, 2012 to presentfactForm ADV
← KIDNER, BRIDGET, NICHOLAOwnerDIRECTOR, ownership code NA, individual
Mar 31, 2021 to presentfactForm ADV
← XU, VIVIENOwnerCO-CHIEF INVESTMENT OFFICER, ownership code NA, individual
Mar 31, 2022 to presentfactForm ADV
← WOON, AUDREY, HUIOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Sep 1, 2022 to presentfactForm ADV
← HILLHOUSE GROUP HOLDINGS LIMITEDOwnerSHAREHOLDER, ownership code E, foreign entity
Jul 31, 2021 to presentfactForm ADV

Dated events

Occurred
Mar 31, 2023
Regulatory AUM changed
Hhlr Advisors, Ltd. reported RAUM $45.9B, down 30% from $65.5B (2022-09-01 to 2023-03-31)
Form ADVobserved 6 days ago
$-19.7B
Occurred
Sep 1, 2022
Control person joined
Hui Audrey Woon (Chief Compliance Officer) appeared on Schedule A of Hhlr Advisors, Ltd.
Form ADVobserved 6 days ago
Occurred
Mar 31, 2022
Control person left
Qingqing Yi (Co-Chief Investment Officer) no longer on Schedule A of Hhlr Advisors, Ltd. (listed 2021-07-31, absent 2022-03-31)
Form ADVobserved 6 days ago
Occurred
Mar 31, 2022
Control person joined
Vivien Xu (Co-Chief Investment Officer) appeared on Schedule A of Hhlr Advisors, Ltd.
Form ADVobserved 6 days ago
Occurred
Mar 31, 2021
Regulatory AUM changed
Hhlr Advisors, Ltd. reported RAUM $73.3B, up 71% from $43.0B (2020-03-30 to 2021-03-31)
Form ADVobserved 6 days ago
$30.3B
Occurred
Mar 31, 2021
Control person joined
Nichola Bridget Kidner (Director) appeared on Schedule A of Hhlr Advisors, Ltd.
Form ADVobserved 6 days ago
Occurred
Mar 31, 2021
Control person left
Jun Shen (Director) no longer on Schedule A of Hhlr Advisors, Ltd. (listed 2020-03-30, absent 2021-03-31)
Form ADVobserved 6 days ago
Occurred
Mar 30, 2020
Regulatory AUM changed
Hhlr Advisors, Ltd. reported RAUM $43.0B, up 50% from $28.6B (2019-04-30 to 2020-03-30)
Form ADVobserved 6 days ago
$14.4B
Occurred
Mar 30, 2020
Control person joined
Qingqing Yi (Co-Chief Investment Officer) appeared on Schedule A of Hhlr Advisors, Ltd.
Form ADVobserved 6 days ago
Occurred
Feb 1, 2019
Regulatory AUM changed
Hhlr Advisors, Ltd. reported RAUM $28.6B, up 216% from $9.1B (2018-10-26 to 2019-02-01)
Form ADVobserved 6 days ago
$19.5B
Occurred
Feb 1, 2019
Control person joined
(Tracy) Cuifang Ma (Chief Operating Officer) appeared on Schedule A of Hhlr Advisors, Ltd.
Form ADVobserved 6 days ago
Occurred
Mar 1, 2018
Regulatory AUM changed
Hhlr Advisors, Ltd. reported RAUM $9.1B, up 108% from $4.3B (2017-03-31 to 2018-03-01)
Form ADVobserved 6 days ago
$4.7B
Occurred
Nov 7, 2012
First Form ADV filing
Hillhouse Capital Advisors, Ltd. filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:f698ab08-4b67-6696-3452-dd94d920e28f
First observed: Nov 7, 2012
Last observed: Mar 31, 2023 42 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

HHLR ADVISORS, LTD.

CRD 166112

SINGAPORE

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:f698ab08-4b67-6696-3452-dd94d920e28f

Data as of Mar 31, 2023 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 3:54 AM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

HHLR FUND, L.P.

Hedge Fund

$20B

Mar 29, 2024

311

Mar 21, 2012

reported

n/a

HHLR CF, L.P.

Hedge Fund

$7.5B

Mar 29, 2024

191

Mar 1, 2018

reported

n/a

ERV INVESTMENT FUND, L.P.

Hedge Fund

$503M

Jul 31, 2021

Feb 1, 2019

dropped

n/a

TF-A, L.P.

Hedge Fund

$267M

Mar 29, 2024

reported

n/a

YHG INVESTMENT, L.P.

Hedge Fund

$72.2M

Mar 29, 2024

Mar 21, 2012

reported

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

HILLHOUSE GROUP HOLDINGS LIMITED

Shareholder

yes

12/2011

Jul 31, 2021

Mar 31, 2023

HILLHOUSE GROUP LIMITED

Shareholder

yes

10/2012

Jul 31, 2021

Mar 31, 2023

HORNUNG, RICHARD, A.

CO-CHIEF OPERATING OFFICER, GENERAL COUNSEL

yes

09/2022

Nov 7, 2012

Mar 31, 2023

KIDNER, BRIDGET, NICHOLA

Director

yes

03/2020

Mar 31, 2021

Mar 31, 2023

MA, CUIFANG, (TRACY)

CO-CHIEF OPERATING OFFICER

yes

09/2022

Feb 1, 2019

Mar 31, 2023

O'CONNELL, COLM JOHN

Director

yes

10/2012

Nov 7, 2012

Mar 31, 2023

WOON, AUDREY, HUI

CHIEF COMPLIANCE OFFICER

yes

09/2022

Sep 1, 2022

Mar 31, 2023

XU, VIVIEN

CO-CHIEF INVESTMENT OFFICER

yes

03/2022

Mar 31, 2022

Mar 31, 2023

ZHANG, LEI

Chairman

yes

03/2022

Nov 7, 2012

Mar 31, 2023

ZHANG, LEI

Shareholder

yes

12/2011

Nov 7, 2012

Mar 31, 2023

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

HILLHOUSE INVESTMENT MANAGEMENT, LTD.

n/a

Former SEC adviser

$62B

yes

n/a

ALTITUDE CREST PARTNERS INC.

n/a

Former SEC adviser

$256M

yes

n/a

DGD INVESTMENT GP, LTD.

n/a

yes

n/a

HH HR INVESTMENT GP, LTD.

n/a

yes

n/a

HHCDR GP, LTD.

n/a

yes

n/a

HHLR CF GP, LTD.

n/a

yes

n/a

HHLR FUND GP, LTD.

n/a

yes

n/a

HHLR MANAGEMENT PTE. LTD.

n/a

yes

n/a

HILLHOUSE (BEIJING) ADVISORY LIMITED

n/a

yes

n/a

HILLHOUSE CLIMATE FUND GP, LTD.

n/a

yes

n/a

HILLHOUSE FOCUSED GROWTH FUND V GP, LTD.

n/a

yes

n/a

HILLHOUSE FUND II GP, LTD.

n/a

yes

n/a

HILLHOUSE FUND III GP, LTD.

n/a

yes

n/a

HILLHOUSE FUND IV GP, LTD.

n/a

yes

n/a

HILLHOUSE FUND V GP, LTD.

n/a

yes

n/a

HILLHOUSE GBT FUND GP, LTD.

n/a

yes

n/a

HILLHOUSE HAWTHORN VENTURE OPPORTUNITIES FUND VI GP, LTD.

n/a

yes

n/a

HILLHOUSE HEALTHCARE FUND GP, LTD.

n/a

yes

n/a

HILLHOUSE INVESTMENT MANAGEMENT LIMITED

n/a

yes

n/a

HILLHOUSE REAL ASSET OPPORTUNITIES FUND GP, LTD.

n/a

yes

n/a

HILLHOUSE VENTURE FUND V GP, LTD.

n/a

yes

n/a

HILLHOUSE VENTURE FUND VI GP, LTD.

n/a

yes

n/a

NK INVESTMENT MANAGEMENT V GP, LTD.

n/a

yes

n/a

SHANGHAI GAOLING EQUITY INVESTMENT MANAGEMENT LTD.

n/a

yes

n/a

YHG INVESTMENT GP, LTD.

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

Central

n/a

Hong Kong

GRAND CAYMAN

n/a

Cayman Islands

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2022

Mar 31, 2023

$46B

$45B

203

$41B

2021

Mar 31, 2022

$66B

$64B

219

$57B

2020

Mar 31, 2021

$73B

$70B

195

$62B

2019

Mar 30, 2020

$43B

$40B

167

$36B

2018

Feb 1, 2019

$29B

$26B

$25B

2017

Mar 31, 2018

$9.1B

$5.9B

$1.1B

2016

Mar 31, 2017

$4.3B

$2.5B

n/a

2015

Mar 30, 2016

$5.0B

$2.6B

n/a

2014

Mar 31, 2015

$3.8B

$1.8B

n/a

2013

Mar 31, 2014

$2.1B

$353M

n/a

2012

Mar 20, 2013

$618M

n/a

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2022

$46B

$66B

-30.0%

$43B

2.2%

203

219