DFX Intelligence
ULU Ventures Fund IV, L.P.
Fundmanaged by ULU Ventures Management Company, LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
3 additional principals, 4 additional placement agents, 3 additional LP reports and investments
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 LP reportspublic disclosures
2 public LP reports name this vehicle; the latest, Los Angeles City Employees' Retirement System as of 31 Dec 2025 and net IRR -10.8%, 0.85x (the LP's own figures).
A named LP and its own performance figures are the strongest outside read on a fund.
FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners → - +19%reported GAV
Reported gross assets rose from $158M to $189M between the Form ADV filings of 27 Mar 2024 and 1 Jun 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2023basis: form d first sale
- 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
- $200Mwhat may be sold, not what was raised; file 021-481009, 021-483611, sworn by the adviser or filed under this vehicle
- Form D sold
- $191Mas of the filing of May 31, 2024, 52 investors
- First sale
- May 5, 2023
- Reported GAV
- $189Mon the Form ADV filed Jun 1, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 75
- Reported on ADV
- Mar 27, 2024 to Jun 1, 2026
Fundraising evidenceWhat counts as raisingA 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.
Unknown
latest Form D 2024-05-31, older than 15 months (fr-1)
evidence dated May 31, 2024.
LifecycleActive deployment
vintage 2 to 4 years
age years: 3first sale: May 5, 2023vintage year: 2023adv gav as of: Jun 1, 2026vintage basis: Form d first saleform d sold: $191Mform d offering: $200Mform d latest filed at: May 31, 2024
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 27, 2024 | Venture Capital Fund | $158M | 465 | 15% | yes | ||
| Jun 1, 2026 | Venture Capital Fund | $189M | 75 | 10% |
Principals and agents
6 principals on Form D, 0 placement agents
- Ulu Ventures Fund IV GP, LLC Director
- Miriam Rivera Director
- Clint Korver Director
Service providers
7 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · SAN FRANCISCO, California, United StatesForm ADV filed Jun 1, 2026 reports.adviserinfo.sec.gov
- AdministratorSS&C · SAN FRANCISCO, California, United StatesForm ADV filed Jun 1, 2026 reports.adviserinfo.sec.gov
- CustodianBank of America · SAN JOSE, California, United StatesForm ADV filed Jun 1, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose numbers these areEach 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).
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 | 2023 | Not disclosed | Not disclosed | Not disclosed | Not disclosed | -10.8% | 0.8x | Dec 31, 2025 |
| Los Angeles City Employees' Retirement System lacers.org | 2023 | $20.0M | Not disclosed | Not disclosed | Not disclosed | not meaningful yet | unknown | May 5, 2023 |
Known LPs and allocatorsWhat these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.
6 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| Los Angeles City Employees' Retirement System | MUNICIPAL RETIREMENT SYSTEM | $20.0M committed | committed May 5, 2023 | Fact Pension disclosure |
| College Spark Washington | FOUNDATION | $342,052 fair value on the foundation's return | reported as of Sep 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| The California Wellness Foundation | FOUNDATION | $774,943 fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
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
5 events
- Dec 31, 2025LACERS reports Ulu Ventures Fund IV: an undisclosed amount committed, vintage 2023, net IRR -10.8%, 0.85xLP commitment disclosed Fact Pension disclosure
- May 31, 2024Ulu Ventures Fund IV, L.P. filed Form D/A: $190,775,000 sold of $200,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 27, 2024ULU Ventures Fund IV, L.P. first reported on Form ADV by ULU Ventures Management Company, LLC (Venture Capital Fund), GAV $158,313,955Fund first reported on Form ADV Fact Form ADV
- May 8, 2023Ulu Ventures Fund IV, L.P. filed Form D: no sales yet of $250,000,000, Venture Capital FundForm D filed Fact Form D
- May 5, 2023LACERS commits $20,000,000 to Ulu Ventures Fund IV (Ulu Ventures), closed 2023-05-05, existing relationshipLP commitment closed Fact Pension disclosure
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 31, 2024 Fact Form D
- Entity type: Limited Partnership May 8, 2023 Fact Form D
- Form D fund type: Venture Capital Fund May 31, 2024 Fact Form D
- Form D fund type: Venture Capital Fund May 8, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund May 31, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund May 8, 2023 Fact Form D
- Amendment: true May 31, 2024 Fact Form D
- Amendment: false May 8, 2023 Fact Form D
- Revenue range (Form D): Decline to Disclose May 31, 2024 Fact Form D
- Revenue range (Form D): Decline to Disclose May 8, 2023 Fact Form D
- Incorporated: withinFiveYears May 31, 2024 Fact Form D
- Incorporated: withinFiveYears May 8, 2023 Fact Form D
- Jurisdiction: Delaware May 31, 2024 Fact Form D
- Jurisdiction: Delaware May 8, 2023 Fact Form D
- Amount sold (Form D): $191M May 31, 2024 Fact Form D
- Amount sold (Form D): $0 May 8, 2023 Fact Form D
- Offering amount (Form D): $200M May 31, 2024 Fact Form D
- Offering amount (Form D): $250M May 8, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 May 31, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 May 8, 2023 Fact Form D
- First sale: 2023-05-05 May 31, 2024 Fact Form D
- Investors (Form D): 52 May 31, 2024 Fact Form D
- Investors (Form D): 0 May 8, 2023 Fact Form D
- Minimum investment (Form D): 0 May 31, 2024 Fact Form D
- Minimum investment (Form D): 0 May 8, 2023 Fact Form D
- Securities offered: Equity, pooled May 31, 2024 Fact Form D
- Securities offered: pooled May 8, 2023 Fact Form D
- Office address: May 31, 2024 Fact Form D
- Office address: May 8, 2023 Fact Form D
- Year of incorporation: 2023 May 31, 2024 Fact Form D
- Year of incorporation: 2023 May 8, 2023 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
ULU Ventures Fund IV, L.P. is the same institution as 2 records in Allocators and RIA and Wealth.
Allocators1RIA and Wealth1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Record history
1 identity change, 4 dated events on the change ledger, latest event first
- Merged in2026-09-15
- LP commitment disclosed2025-12-31source on record
- Form D filed2024-05-31source on record
+2 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.