PartnerFacts
Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 5:23 AM ET

Sponsor Check › Sponsor group

X

Xiang

One sponsor team, 5 deal companies · Palo Alto, CA

Grouped because: 1 shared person, 2 shared management entities, same business address (4 issuers), similar issuer names (5) (automatic match from the filings) · not the same sponsor?

5deal companies
$661.7Mreported sold
131investors
7Form D filings
2016–2020active
0new, last 12 mo
Follow this sponsor groupLook further ↓

Data last updated Oct 23, 2026, 5:45 PM ET · Latest filing in this group Nov 30, 2020 · Courts (RECAP) last checked: Oct 24, 2026, 2:16 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET

The short version

Xiang is a sponsor group of 5 issuers that PartnerFacts links to one sponsor (shared people, shared management entity, similar issuer names, same business address; automatic match from the filings), filing 7 Form D filings between May 2016 and Nov 2020.

What this means One team, 5 deal companies, about 4 years of track record in SEC filings. We link the companies because the same people or address appear on their forms — tap "Request a correction" if that is wrong.

Combined reported sold: $661.7M to 131 investors (latest filing per issuer). Industries as reported: Pooled Investment Fund (5). Issuers are based in CA (5).

What this means $661.7M raised across the group, about $5.05M per investor. Amounts come from each company's latest Form D; they are what the sponsor reported, not audited figures.

Principal people: Hesong Tang (5 issuers, director), Xiang He I GP, LTD (4 issuers, executive officer, entity), Xiang He Partners I, L.P. (4 issuers, executive officer, entity), Maggie Yang (1 issuer, director), Xiang He II GP, LTD (1 issuer, executive officer, entity) and 1 more.

What this means The person on the most companies is usually the one running the show; their page lists every deal.

Activity: 0 new offerings in the last 12 months; latest filing Nov 30, 2020.

What this means No new raise filed in the past year.

Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AZ, CA, DE, TX, WA), property records (NYC, FL, IL and TX counties) — 1 bankruptcy case matching the name listed in Key records below.

What this means 1 record came back. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.

We compared 7 public filings for Xiang and found 8 differences: Offering amount changed between filings; No amendment in the last 12 months on an offering that may still be open; and more below.

What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.

What the community is saying

Community search for Xiang has not run yet — it is joining a line of 14,649 names; searches run around the clock at the hosts' allowed rate. Searched so far: 28 names.

Community comments are quoted as written by their authors. Sources searched: BiggerPockets forums (via DuckDuckGo, Brave, Bing and BiggerPockets search) and Reddit (search feed + public archive).

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

None found in sources searched — federal courts (CourtListener / RECAP), checked Oct 24, 2026

What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched. · Last checked Oct 24, 2026, 2:16 AM ET.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: AZ, CA, DE, TX, WA (crawled Oct 23, 2026)

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched Xiang..

State securities regulators searched: AZ (Corporation Commission Securities Division), CA (DFPI — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), DE (DOJ Investor Protection Unit), TX (State Securities Board), WA (DFI) — last crawled Oct 23, 2026, 9:57 PM ET. Other states are not covered.

3. Bankruptcies

1 case: 1 open

Xiang He Yuan LLC open
United States Bankruptcy Court, E.D. New York · No. 8-26-71034 · Filed Mar 16, 2026
Role of Xiang He Yuan LLC: Party · Outcome: Open — no termination date on the docket (bulk snapshot 2026-09-30) Docket on CourtListener ↗
company name words appear in the caption; court in NY (not the issuer's state)
What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:16 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

4. Differences between public sources

No comparisons published

What is compared

No public statement by this sponsor group has been collected yet, so there is nothing to compare. Sources compared: the sponsor's own website (known from the issuer's own filings — Form C issuer website, EDGAR company profile — an approved profile claim or Form ADV Item 1.I of its matched adviser) · SEC Form D · SEC Form ADV (IAPD) · Internet Archive · No website is on file for this sponsor group yet.

8 differences found between the filings for Xiang (compared 7 filings on Oct 24, 2026)

Note · Jul 19, 2018 – Jul 18, 2019

Offering amount changed between filings — Xiang He Fund II, L.P.

The Jul 19, 2018 filing says $350,000,000 offered; the Jul 18, 2019 Form D/A says $425,000,000.

What this means The target raise changed. Raising the cap is common when a deal grows; ask whether the extra money has the same terms and use.

Form D (earlier) · Jul 19, 2018 ↗Form D/A (later) · Jul 18, 2019 ↗Xiang He Fund II, L.P. — PartnerFacts page ↗
Sources
Note · May 3, 2016 – May 4, 2017

Offering amount changed between filings — Xiang He Fund I, L.P.

The May 3, 2016 filing says $250,000,000 offered; the May 4, 2017 Form D/A says $300,000,000.

What this means The target raise changed. Raising the cap is common when a deal grows; ask whether the extra money has the same terms and use.

Form D (earlier) · May 3, 2016 ↗Form D/A (later) · May 4, 2017 ↗Xiang He Fund I, L.P. — PartnerFacts page ↗
Sources
Note · Jul 20, 2018 – Jul 18, 2019

No amendment in the last 12 months on an offering that may still be open — Xiang He Fund II, L.P. (latest filing Jul 18, 2019)

The latest filing for this offering is dated Jul 18, 2019 (first sale Jul 20, 2018). It reports $378,400,000 sold of $425,000,000 offered. No later amendment is in our index as of Oct 24, 2026.

What this means SEC rules expect a yearly amendment while an offering is still going. The raise may simply have ended — a Form D does not say when it closed. Ask the sponsor whether the offering closed, when, and at what amount.

Form D/A · Jul 18, 2019 ↗Xiang He Fund II, L.P. — PartnerFacts page ↗
Sources
Note · May 6, 2016 – May 4, 2017

No amendment in the last 12 months on an offering that may still be open — Xiang He Fund I, L.P. (latest filing May 4, 2017)

The latest filing for this offering is dated May 4, 2017 (first sale May 6, 2016). It reports $261,310,000 sold of $300,000,000 offered. No later amendment is in our index as of Oct 24, 2026.

What this means SEC rules expect a yearly amendment while an offering is still going. The raise may simply have ended — a Form D does not say when it closed. Ask the sponsor whether the offering closed, when, and at what amount.

Form D/A · May 4, 2017 ↗Xiang He Fund I, L.P. — PartnerFacts page ↗
Sources
Note · Jul 19, 2018 – Jul 18, 2019

Reported revenue range changed between filings — Xiang He Fund II, L.P.

"Not Applicable" (Jul 19, 2018); then "Decline to Disclose" (Jul 18, 2019).

What this means This is the size band the issuer picks for itself on the form. A change can mean the business grew or shrank — or that it chose not to say. Ask for current numbers.

Form D · Jul 19, 2018 ↗Form D/A · Jul 18, 2019 ↗Xiang He Fund II, L.P. — PartnerFacts page ↗
Sources
Note · Jul 19, 2018 – Jul 18, 2019

Minimum investment changed between filings — Xiang He Fund II, L.P.

The Jul 19, 2018 filing lists a minimum of $0; the Jul 18, 2019 Form D/A lists $150,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Form D (earlier) · Jul 19, 2018 ↗Form D/A (later) · Jul 18, 2019 ↗Xiang He Fund II, L.P. — PartnerFacts page ↗
Sources
Note · May 3, 2016 – May 4, 2017

Minimum investment changed between filings — Xiang He Fund I, L.P.

The May 3, 2016 filing lists a minimum of $0; the May 4, 2017 Form D/A lists $500,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Form D (earlier) · May 3, 2016 ↗Form D/A (later) · May 4, 2017 ↗Xiang He Fund I, L.P. — PartnerFacts page ↗
Sources
Note · Nov 30, 2020

Issuer used a different name before — Xiang He Fund Gamma, L.P.

SEC records list prior names for this filer: Xiang He Fund I Gamma, L.P.. The current name on file is "Xiang He Fund Gamma, L.P.".

What this means A name change is normal, but your documents may show the old name. Match the CIK, not just the name.

EDGAR filer page ↗Xiang He Fund Gamma, L.P. — PartnerFacts page ↗
Sources
What is compared

What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.

5. Money to insiders

0 of 5 offerings report sales commissions; 0 report finder's fees; 0 report proceeds to related persons. (includes amounts the issuer reported as estimates)

Offering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell itSource
Nov 30, 2020 D
Xiang He Fund Gamma, L.P.
File 021-381664
$0$0$0None listed on this filingEDGAR ↗
Jul 18, 2019 D/A
Xiang He Fund II, L.P.
File 021-317333
$0 (est.)$0 (est.)$0
An affiliate of the General Partner will receive a fee for management services. Amount to be paid, number of years to be paid and extent to be paid out of adjusted gross proceeds unknown at this time.
Lazard Freres & Co. LLC BrokerCheck CRD 2528 ↗EDGAR ↗
Feb 28, 2019 D
Xiang He Fund I Beta, L.P.
File 021-333820
$0$0$0None listed on this filingEDGAR ↗
Jun 22, 2018 D
Xiang He Fund I Alpha, L.P.
File 021-315176
$0$0$0None listed on this filingEDGAR ↗
May 4, 2017 D/A
Xiang He Fund I, L.P.
File 021-262505
$0$0$0 (est.)
An affiliate of the General Partner will receive a fee for management services. Amount to be paid, number of years to be paid and extent to be paid out of adjusted gross proceeds unknown at this time.
None listed on this filingEDGAR ↗
How this is counted

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Counted across all 5 issuers in this group — every filing in our index, latest filing per offering (SEC file number).

Property records 0 documents · 0 ownership records · last checked Oct 23, 2026, 8:59 PM ET · NYC and Cook County lookup still to run

0 recorded documents and 0 ownership records matched to Xiang in the sources searched.

Not found in sources searched as of Oct 23, 2026, 8:59 PM ET: Hillsborough County FL Clerk of Court Official Records daily index (publicrec.hillsclerk.com D/P/M files), 2 daily files (Oct 14, 2026 to Oct 15, 2026) — loaded Oct 23, 2026, 8:59 PM ET; Florida DOR NAL roll (Hillsborough 39) roll year 2026 — loaded Oct 23, 2026, 8:54 PM ET; Florida DOR NAL roll (Dade 23) roll year 2026 — loaded Oct 23, 2026, 8:58 PM ET; Harris County Appraisal District real_acct.txt roll year 2026 — loaded Oct 23, 2026, 8:58 PM ET; Dallas Central Appraisal District ACCOUNT_INFO.CSV roll year 2026 — loaded Oct 23, 2026, 8:58 PM ET. Still to be looked up for this group: NYC ACRIS via NYC Open Data (Real Property Parties 636b-3b5g, Master bnx9-e6tj, Legals 8h5j-fqxa, Document Control Codes 7isb-wh4c) · NYC PLUTO ownership via NYC Open Data (64uk-42ks) · Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp). Records in other counties, and recorder indexes we do not yet cover, were not searched.

Property records coverage: New York City (ACRIS recorded documents and PLUTO ownership, looked up per issuer when its page is viewed; re-checked when the page is viewed again more than 30 days after the last check); Hillsborough County FL (recorded documents from Oct 14, 2026 forward; ownership from FL DOR roll 2026); Cook County IL (assessor ownership and deed/sale records, looked up per issuer when its page is viewed); Harris County TX and Dallas County TX (assessor ownership rolls only, 2026 roll; no deed, mortgage or sale records); Miami-Dade County FL (ownership from FL DOR roll only; Clerk recorded documents not covered). Recorder indexes for TX, AZ, IL and WA counties, mortgages and liens outside NYC and FL, lis pendens and foreclosure notices everywhere, Miami-Dade County FL recorded documents, Maricopa County AZ, King County WA, Salt Lake County UT, and all other counties are not covered — not searched. Last refresh by source: Hillsborough County FL Clerk daily index Oct 23, 2026, 8:59 PM ET; Dallas Central Appraisal District ACCOUNT_INFO.CSV Oct 23, 2026, 8:58 PM ET; Harris County Appraisal District real_acct.txt Oct 23, 2026, 8:58 PM ET; Florida DOR NAL roll (Dade 23) Oct 23, 2026, 8:58 PM ET; Florida DOR NAL roll (Hillsborough 39) Oct 23, 2026, 8:54 PM ET. NYC and Cook County are looked up per issuer when its page is viewed; the most recent such lookup on this site finished Oct 24, 2026, 3:30 AM ET. Parties are named as the recorder's index names them (role suffixes as recorded); no address, account number or trust date is shown for an individual, and individual owners of record (home ownership) are not matched or shown. Items still in human review are not shown.

Issuers in this group

Why each issuer is here is stated in the "Linked by" column. Low-confidence links are never shown — they wait for human review.

SourceIssuerLinked byLocationIndustryFilingsSold (max)InvestorsMin. investment (latest filing)Active
EDGAR ↗XH Xiang He Fund I, L.P.shared people, shared management entity, similar issuer namesPALO ALTO, CAPooled Investment Fund2$261,310,000
offering $300,000,000 · similar: $155,000–$5,250,000
23
similar: 4–27
$500,000
similar: $1,000–$100,000
2016–2017
EDGAR ↗XH Xiang He Fund I Alpha, L.P.shared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund1$3,500,000
offering $3,500,000 · similar: $155,000–$5,250,000
3
similar: 4–27
No minimum reported
similar: $1,000–$100,000
2018–2018
EDGAR ↗XH Xiang He Fund II, L.P.shared people, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund2$378,400,000
offering $425,000,000 · similar: $155,000–$5,250,000
98
similar: 4–27
$150,000
similar: $1,000–$100,000
2018–2019
EDGAR ↗XH Xiang He Fund I Beta, L.P.shared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund1$0
offering $8,000,000 · similar: $155,000–$5,250,000
0
similar: 4–27
No minimum reported
similar: $1,000–$100,000
2019–2019
EDGAR ↗XH Xiang He Fund Gamma, L.P.shared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund1$18,500,000
offering $18,500,000 · similar: $155,000–$5,250,000
7
similar: 4–27
$500,000
similar: $1,000–$100,000
2020–2020

"Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Timeline of offerings

SourceFiledIssuerFormIndustryOfferedSold
EDGAR ↗Nov 30, 2020Xiang He Fund Gamma, L.P.DPooled Investment Fund$18,500,000$18,500,000
EDGAR ↗Jul 18, 2019Xiang He Fund II, L.P.D/APooled Investment Fund$425,000,000$378,400,000
EDGAR ↗Feb 28, 2019Xiang He Fund I Beta, L.P.DPooled Investment Fund$8,000,000$0
EDGAR ↗Jul 19, 2018Xiang He Fund II, L.P.DPooled Investment Fund$350,000,000$0
EDGAR ↗Jun 22, 2018Xiang He Fund I Alpha, L.P.DPooled Investment Fund$3,500,000$3,500,000
EDGAR ↗May 4, 2017Xiang He Fund I, L.P.D/APooled Investment Fund$300,000,000$261,310,000
EDGAR ↗May 3, 2016Xiang He Fund I, L.P.DPooled Investment Fund$250,000,000$0

Activity: 0 new offerings in the last 12 months across all issuers in this group (new offering = a Form D that is not an amendment, D/A) · most recent filing Nov 30, 2020. Industry history, as reported on each offering's latest filing: All 5 offerings reported: Pooled Investment Fund (2016–2020).

People across the group

NameRolesIssuers hereFirst → last listed
HT Hesong TangDirector5May 3, 2016 → Nov 30, 2020
XH Xiang He Partners I, L.P. entityExecutive Officer4May 3, 2016 → Nov 30, 2020
XH Xiang He I GP, LTD entityExecutive Officer4May 3, 2016 → Nov 30, 2020
MY Maggie YangDirector1Nov 30, 2020 → Nov 30, 2020
XH Xiang He II GP, LTD entityExecutive Officer1Jul 19, 2018 → Jul 18, 2019
XH Xiang He Partners II, L.P. entityExecutive Officer1Jul 19, 2018 → Jul 18, 2019

Adviser registration (Form ADV)

Searched SEC Form ADV bulk data (registered + exempt reporting advisers) (24,962 records as of Oct 2, 2026, 8:00 AM ET) — nothing matched Xiang.

Meta advertising

No Meta Pixel ids or Facebook / Instagram page links on file for Xiang as of Oct 24, 2026 — the sponsor website is read for them once it is on file (runs automatically). Meta Ad Library: not searched by PartnerFacts (no API access); a one-tap Ad Library search is under Look further.

Other offering types (Regulation A and Regulation Crowdfunding)

Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.

Public profiles and social

No website or social profile named in Xiang's SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #232,452 of 374,652 in line (14 issuers searched so far). One-tap searches: Look further ↓

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Change history

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Free. Covers the grouping itself or any record shown here. Logged with status: received → under review → fixed / confirmed with source.

Sponsor response

Add a sourced explanation next to any fact. Reviewed before publishing.

Grouping is PartnerFacts' inference from public filings (shared related persons, management entities, business address). Everything else on this page is drawn from the filings themselves. Not the same sponsor? Request a correction.

Look further

One-tap searches on sites we do not index ourselves, with the name pre-filled (outside the US (as filed: PALO ALTO), CA). Each opens in a new tab; what you find there is not verified by PartnerFacts.

Social and web

LinkedIn companies ↗Instagram ↗X (Twitter) ↗Facebook ↗YouTube ↗Google ↗Google Images ↗Google News ↗Meta Ad Library ↗

Courts

CourtListener / RECAP (federal) ↗PACER case locator (federal, login) ↗California — find the county court ↗Los Angeles Superior Court case search ↗

Securities regulators

SEC EDGAR full-text search ↗SEC action look-up ↗FINRA BrokerCheck ↗SEC IAPD adviser search ↗

Business registries

California Secretary of State business search ↗OpenCorporates ↗