Cheetah Korea Value Fund

Absence of prior EDGAR filings from this manager means this is either a debut fund, a Korea-domiciled vehicle newly registering with the SEC for US LP access, or an existing strategy entering the US market for the first time; the 06b exemption (no public solicitation) confirms this raise targets existing relationships only, signaling the GPs are building reputation in the US rather than running an established series.

Filing in June 2026 positions the fund into a period when Korea equities face macro uncertainty and valuation compression; value-focused strategies targeting Korea specifically typically launch during down-cycle or transition windows when valuations reset, suggesting the GPs saw tactical entry conditions or LP appetite for Korea reopening after earlier caution.

Verify whether the Earl of Cromer and Kevin Choi / Raymond Wong hold operational roles or serve as limited partners with marquee credibility; confirm whether Cheetah Investment Management or ANDA Asset Management is the day-to-day manager and which entity holds the discretionary trading authority, as dual-sponsor structures sometimes obscure accountability in Korea-focused funds.