Anaxagoras LP

Han's emergence on EDGAR with a hedge fund vehicle and no prior filings from this manager suggests either a first-time fund launch or a manager previously operating below the SEC filing threshold who has now crossed the $150M AUM reporting trigger; the 06b exemption choice signals reliance on pre-existing LP relationships rather than broad fundraising, consistent with a manager transitioning from a smaller operating entity or launching from an established network.

Filing in June 2026 coincides with mid-year LP review cycles and Q2 earnings visibility, making it a natural window for hedge fund closes; the amendment timing specifically suggests Han moved deadlines, adjusted capacity, or responded to LP feedback during an active fundraise window rather than initiating a new raise from scratch.

An LP should immediately verify whether Dong Han has executed a substantive key-person insurance policy and confirm the definition of 'key person' events in the PPM—single-GP structures require explicit clarity on succession and temporary incapacity protocols; also confirm whether this $175M target has been adjusted from an earlier stated figure in prior marketing materials, as amendments sometimes mask underperformance in initial raise momentum.