Hhlr Advisors, Ltd.
- Regulatory AUM
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- Discretionary
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- Clients
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- Avg AUM / client
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- Accounts
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- Employees
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AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Private funds (4)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $27.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Hhlr Fund, L.P. master | Hedge Fund | Cayman Islands | $19.6B | 311 |
| Hhlr Cf, L.P. master | Hedge Fund | Cayman Islands | $7.5B | 191 |
| Tf A, L.P. master | Hedge Fund | Cayman Islands | $267M | 6 |
| Yhg Investment, L.P. master | Hedge Fund | Cayman Islands | $72.2M | 2 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Yale University EIN 060646973 | New Haven, CT | 06/30/2024 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Zhang, Lei | Chairman | Dec 2011 (15y) | ≈ 42.19% – 100% via Hillhouse Group Holdings Limited | |
| O'connell, Colm John | Director | Oct 2012 (14y) | Less than 5% | |
| Kidner, Bridget, Nichola | Director | Mar 2020 (6y) | Less than 5% | |
| Xu, Vivien | Co Chief Investment Officer | Mar 2022 (4y) | Less than 5% | |
| Hornung, Richard, A. | Co Chief Operating Officer, General Counsel | Sep 2022 (4y) | Less than 5% | |
| Ma, Cuifang, (Tracy) | Co Chief Operating Officer | Sep 2022 (4y) | Less than 5% | |
| Woon, Audrey, Hui | Chief Compliance Officer | Sep 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Hillhouse Group Limited | Shareholder | Oct 2012 | A | 75% or more |
| Hillhouse Group Holdings Limited | Shareholder | Dec 2011 | B | ≈ 56.25% – 100% via Hillhouse Group Limited |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Zhang, Lei: 75% – 100% of Hillhouse Group Holdings Limited × 75% – 100% of Hillhouse Group Limited × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Hillhouse Group Holdings Limited: 75% – 100% of Hillhouse Group Limited × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (4, $27.5B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Hhlr Fund, L.P. | Hedge Fund | $19.6B | $1.0M | 311 |
| Hhlr Cf, L.P. | Hedge Fund | $7.5B | $1.0M | 191 |
| Tf A, L.P. | Hedge Fund | $267M | $1.0M | 6 |
| Yhg Investment, L.P. | Hedge Fund | $72.2M | $100K | 2 |
From Form ADV Section 7.B private fund reporting.
Foundations & charities (1)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Yale University | Public charity | $55.2B | 06/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 2.41 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
Not reported.
Custody
Reported custodians
- China Construction Bank Corporation $7.4B (10% of AUM) Jul 2021
- Northern Trust $2.5B (6% of AUM) Mar 2023
- BNY Mellon $2.2B (3% of AUM) Jul 2021
- State Street $1.7B (4% of AUM) Mar 2023
- Citibank $1.2B (2% of AUM) Sep 2022
- Hsbc Bank Plc $546M (1% of AUM) Mar 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗