DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Funds / Spark Capital Growth Fund IV, L.P.
Spark Capital Growth Fund IV, L.P.
Amounts, each with its basis
- Vintage
- 2022basis: adv first reported
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $1.3Bwhat may be sold, not what was raised; file 021-416826, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Oct 13, 2021
- First sale
- unknown
- Reported GAV
- $3.7Bon the Form ADV filed Sep 14, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 192
- Reported on ADV
- Mar 23, 2022 to Sep 14, 2026
Fundraising evidence
Unknown
latest Form D 2021-10-13, older than 15 months (fr-1)
evidence dated Oct 13, 2021. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Active deployment
vintage 2 to 4 years
age years: 4first sale: n/avintage year: $2,022adv gav as of: 2026-09-14vintage basis: adv_first_reportedform d sold usd: 0form d offering usd: $1.3Bform d latest filed at: 2021-10-13
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 23, 2022 | Venture Capital Fund | $1.4B | 186 | 1% | no | ||
| Mar 27, 2023 | Venture Capital Fund | $1.4B | 191 | 1% | yes | ||
| Mar 27, 2024 | Venture Capital Fund | $1.4B | 191 | 1% | yes | ||
| Sep 14, 2026 | $3.7B | 192 | 1% |
Principals and agents
8 principals on Form D, 0 placement agents
- Alex Finkelstein Executive Officer
- Jeremy Philips Executive Officer
- William Reed Executive Officer
- Yasmin Razavi Executive Officer
- Spark Growth Management Partners IV, LLC Executive Officer
- Paul Conway Executive Officer
- Santo Politi Executive Officer
- Spark Growth Management Partners IV, LLC general partner (ADV 7.B.(1).A.3)
Limited partners and their reported performance
2 public LP reports
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| Los Angeles City Employees' Retirement System lacers.org | 2021 | n/a | n/a | n/a | n/a | 43.6% | 2.3x | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2021 | $33.3M | n/a | n/a | n/a | not meaningful yet | unknown | Oct 13, 2021 |
Each row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
4 events
- Dec 31, 2025LACERS reports Spark Capital Growth Fund IV: an undisclosed amount committed, vintage 2021, net IRR 43.6%, 2.29xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- Mar 23, 2022Spark Capital Growth Fund IV, L.P. first reported on Form ADV by Spark Capital (Venture Capital Fund), GAV $1,405,090,555Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 13, 2021Spark Capital Growth Fund IV, L.P. filed Form D: no sales yet of $1,300,000,000, Venture Capital FundForm D filed Fact SEC EDGAR Form D data sets (quarterly)
- Oct 13, 2021LACERS commits $33,300,000 to Spark Capital Growth Fund IV (Spark Management Partners), closed 2021-10-13
Evidence
16 observations
Every observation on this vehicle
- Adv pdf fund: SPARK CAPITAL GROWTH FUND IV, L.P. Sep 14, 2026 Fact IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Entity type: Limited Partnership Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D fund type: Venture Capital Fund Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Form D industry group: Pooled Investment Fund Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amendment: false Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Revenue range (Form D): Not Applicable Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Incorporated: withinFiveYears Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Jurisdiction: DELAWARE Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Amount sold (Form D): $0 Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Offering amount (Form D): $1.3B Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Exemptions: 06b, 3C, 3C.7 Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Investors (Form D): 0 Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Minimum investment (Form D): 0 Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Securities offered: pooled Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Office address: 137 NEWBURY STREET, 8TH FLOOR, BOSTON, MA, 02116 Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)
- Year of incorporation: 2021 Oct 13, 2021 Fact SEC EDGAR Form D data sets (quarterly)