Skyli First Fund, LLC is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Mar 30, 2026, the fund has sold $2,000,000 of interests to 1 investor since its first sale in Dec 2023. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Yufeng Li; Skyli Capital Management, LLC.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $2,000,000Cumulative sales reported on Form D
- Investors
- 1
- First sale
- Dec 29, 2023
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Yufeng Li; Skyli Capital Management, LLC
- Latest Form D
- Mar 30, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Skyli First Fund, LLC
What is the minimum investment for Skyli First Fund, LLC?
Skyli First Fund, LLC's latest Form D, filed Mar 30, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Skyli First Fund, LLC?
Skyli First Fund, LLC is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Skyli First Fund, LLC raised?
Skyli First Fund, LLC reports $2,000,000 sold from 1 investor on its Form D filed Mar 30, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Skyli First Fund, LLC based?
Skyli First Fund, LLC is based in Chicago, Illinois.
When did Skyli First Fund, LLC launch?
Skyli First Fund, LLC reports its first sale in Dec 2023, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 19% of the 323 hedge funds based in Illinois, and more than 8% of all 10,308 that report sales.