Series Fund T, a series of UM Pre-IPO Portfolio Fund II LLC

The absence of prior EDGAR filings from Hui Chen signals either a first-time fund manager entering the registered space, or a manager previously operating below the 15-LP threshold who has now crossed into mandatory SEC reporting; the single-GP structure suggests concentrated decision-making authority without co-GP diversification.

A mid-2026 filing for a Series II pre-IPO fund aligns with LP appetite for late-stage private equity exposure following recent volatility in public markets and extended exit timelines that have made pre-IPO assets attractive for defensive allocation.

Before committing, LPs should confirm whether the $0 placeholder reflects a final-close filing (in which case actual target size should be disclosed separately) or an ongoing raise, and verify Hui Chen's operational history and any key-person protections, given the absence of institutional track record on EDGAR.