ZHANG, YIFENG
Director and Beneficial Owner of TRHY Holdings Ltd.
Code E: 75% or more
Control Person: Y
Status acquired: May 2018
Ownership → TRHY
Corporate & regulatory records · October 2026 update
Yifeng Zhang, TRHY Holdings & Arielle
Ownership disclosures and private-fund records
Arielle Holdings LLC's Form ADV dated August 17, 2026 discloses an ownership chain linking ZHANG, YIFENG → TRHY HOLDINGS LTD → ARIELLE HOLDINGS LLC. It also lists Arielle Holdings in a management / governance field for Arielle W LLC. The percentages, roles and dates below retain their original scope.
Primary filing copy reviewedFiling date: 2026-08-17CRD 343492ERA report
Dated company role · separate court records
Yifeng Zhang: China Dishonest Debtor Record and Arielle’s Senior Advisor Listing
Arielle’s website listed Yifeng Zhang as “Senior Advisor” on 2 October 2026.
Separately, four Chinese court-issued consumption-restriction orders concern Zhang across two creditor proceedings. The collected snapshot dated 1 October 2026 contains one historical China Dishonest Debtor Record entry.
These dated records do not certify current court-list status or establish wrongdoing by Arielle or its other team members.
Website title & filed ownership
- Website · captured 2 October 2026
- Yifeng ZhangSenior Advisor
- Form ADV · Schedule A · 17 August 2026
- TRHY Holdings Ltd“Co Founder” · Arielle interest: 25% to <50%
- Form ADV · Schedule B · 17 August 2026
- ZHANG, YIFENGDirector and Beneficial Owner of TRHY · TRHY interest: ≥75%
The co-founder field names TRHY. Zhang’s 75%-or-more band concerns TRHY. Website titles and filed ownership describe different roles and entities; the filing does not establish a discrepancy or SEC approval.
01 · The document link
The disclosed ownership chain
TRHY HOLDINGS LTD
Direct owner listed as Co Founder of Arielle Holdings LLC.
Code C: 25% to less than 50%
Control Person: N
Status acquired: April 2026
Ownership → Arielle Holdings
ARIELLE HOLDINGS LLC
Delaware LLC. Form ADV identifies the filing as an Exempt Reporting Adviser report.
Listed for Arielle W LLC in the combined General Partner / Manager / Trustee / Directors field.
Governance role → Arielle W
ARIELLE W LLC
Delaware private fund. Private Fund ID: 805-7482084809.
Disclosed gross asset value: $5,558,182.
Sources: Schedules A and B, p. 58; organization and adviser assets, p. 4; Arielle W management / governance field, p. 11; fund asset value, p. 12.
Read the percentage at the correct level
75% or more applies to TRHY. The filing reports TRHY's Arielle interest as a separate range of 25% to less than 50%. It provides no exact final economic percentage for Yifeng Zhang in Arielle Holdings or Arielle W.
TRHY is coded FE (foreign entity) in the ADV, without a country or incorporation number. A BVI commercial-directory entry lists TRHY Holdings Limited, no. 1847792, registered 31 October 2014, previously Tianrenheyi Holdings Limited. An official registry certificate tying that company number to the ADV entity has not been obtained. See the separate sources and jurisdiction scope.
02 · Names, roles and dates
People and entities in the filing
| Name | Relationship and role | Ownership code | Control Person | Status acquired |
|---|---|---|---|---|
| LEVY, EDOARDO | Arielle Holdings: Co Founder and Managing Member | C · 25% to <50% | Y | 04/2026 |
| NASSER, SHLOMO | Arielle Holdings: Co Founder and Managing Member | C · 25% to <50% | Y | 04/2026 |
| TRHY HOLDINGS LTD | Arielle Holdings: Co Founder; foreign entity | C · 25% to <50% | N | 04/2026 |
| ZHANG, YIFENG | TRHY Holdings: Director and Beneficial Owner; indirect owner reported in Schedule B | E · ≥75% | Y | 05/2018 |
Public website roles are separate from filed ownership
Arielle's company website, reviewed 1 October 2026, lists Edoardo (Eddy) Levy and Shlomo Nasser as Co-Founders, Giovanni Agostinelli as Advisor, and Yifeng Zhang as Senior Advisor. The dated ADV separately reports ownership roles; an advisory title is not itself an ownership or control statement.
The Y / N control-person fields are reproduced as filed. The Schedule A and B ranges do not establish that the three direct owners hold equal shares. May 2018 relates to Yifeng Zhang's listed TRHY status; it is not an Arielle joining date.
The execution page, p. 59, records Edoardo Levy signing on behalf of the adviser as Co Founder and Managing Member on August 17, 2026.
Names are included to explain documented professional roles. Ownership, officeholding or signing this filing does not establish knowledge of or involvement in any other person's disputed conduct.
Names are included solely because public corporate filings, registry entries or the company’s own professional team page list them. Naming a person is not an accusation. A shared corporate listing does not establish knowledge, participation, benefit, endorsement or liability for Yifeng Zhang’s separate conduct, claims or legal matters. Dated roles do not establish a current relationship or overlapping tenure when the source does not provide it.
03 · Keep the amounts separate
Adviser assets and fund figures
$47.23m
$47,227,600 in reported Private Fund Assets
Form ADV, p. 415
Fund entries listed in this ADV version
Form ADV, p. 8$5.56m
$5,558,182 in reported gross asset value
Form ADV, p. 12| Private Fund ID | 805-7482084809 · p. 11 |
|---|---|
| Jurisdiction | Delaware, United States · p. 11 |
| Minimum investment commitment | $100,000 · p. 12 |
| Approximate beneficial owners | 10 · p. 12 |
| Adviser and related persons' combined beneficial ownership | 9%; the field is an aggregate, not Yifeng Zhang's personal percentage · p. 12 |
| Non-US persons' aggregate beneficial ownership | 15% · p. 12 |
| Form D file number | 021-587715 · p. 13 |
These amounts describe different entities and filing fields. They do not establish personal wealth, cash available for a transaction, an audited return or the amount of a current fundraising campaign.
Form D source still to verify
The ADV supplies the Form D file number. The identified SEC EDGAR entry for Arielle W LLC is linked for follow-up. Its primary document has not yet been retrieved for this archive, so offering totals and sale dates are not treated as verified fields here.
04 · Fund-level answers
Arielle W's service-provider disclosures
The following answers were checked against the visible selections for Arielle W LLC in the August 17, 2026 filing.
| Question in the ADV | Filed answer | Source |
|---|---|---|
| Are the fund's financial statements subject to an annual audit? (23(a)(1)) | No | p. 13 |
| Does the fund use a custodian to hold some or all of its assets? (25(a)) | No | p. 13 |
| Does the fund use an administrator other than the adviser? (26(a)) | No | p. 14 |
These responses apply to this fund and this filing version. They require interpretation alongside its governing documents, asset types and operating arrangements. They do not establish misuse of funds or describe the other 14 fund entries.
05 · Before relying on a representation
Documents a counterparty should verify
Entity and authority
- TRHY registry extract, jurisdiction and matching company number.
- Arielle's current ownership and governance documents.
- Who may bind each entity and sign banking or investment instructions.
- Whether the current Form ADV differs from the August version.
Fund and transaction
- The fund's offering and subscription documents.
- Primary Form D and subsequent amendments.
- Valuation, cash verification and financial reporting.
- Custody, administration, withdrawal and distribution arrangements.
For a transaction involving Yifeng Zhang, review the separately documented China personal and company records, American Express civil case and Miami possession case. Match each record to its legal subject, date and procedural status before drawing a conclusion about a different entity.
Filing status and scope
The reviewed document is titled SEC ERA Report, State ERA Report and lists SEC file number 802-137321 in the Exempt Reporting Adviser field. Reporting as an ERA is distinct from applying for SEC adviser registration. The filed numbers are the adviser's disclosures; this page has not independently audited the assets or determined their current accuracy.
The ownership filing does not establish that Arielle or another named professional is liable for Yifeng Zhang's separate civil matters. No finding of criminal fraud is made from this filing.
SEC guidance: Form ADV and Exempt Reporting Adviser reporting.
06 · Read the underlying record
Sources and correction trail
Arielle Holdings Form ADVAugust 17, 2026 · 60 pages · public filing copy
Ownership schedulesPage 58 · direct and indirect owners
Official IAPD entryCRD 343492 · check current reports
Sources & correctionsArchive method and public PDF policy
The source PDF was supplied as a copy of a public filing and preserved byte for byte. Its actual page tables and selected answers were reviewed. The live IAPD detail page and primary Form D could not be retrieved during this review. Review date: October 1, 2026; filing date: August 17, 2026. A later filing may change these fields.
Document-supported corrections: [email protected].