DFX Intelligence
PVP Fund IV, L.P.
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
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
- +191%reported GAV
Reported gross assets rose from $255M to $743M between the Form ADV filings of 26 Mar 2024 and 26 Mar 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: 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
- $275Mwhat may be sold, not what was raised; file 021-450950, sworn by the adviser or filed under this vehicle
- Form D sold
- $0as of the filing of Jul 1, 2022
- First sale
- unknown
- Reported GAV
- $743Mon the Form ADV filed Mar 26, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 102
- Reported on ADV
- Mar 29, 2023 to Mar 26, 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 2022-07-01, older than 15 months (fr-1)
evidence dated Jul 1, 2022.
LifecycleActive deployment
vintage 2 to 4 years
age years: 3first sale: n/avintage year: 2023adv gav as of: Mar 26, 2026vintage basis: ADV first reportedform d sold: $0form d offering: $275Mform d latest filed at: Jul 1, 2022
The fund's own reporting through time
4 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2023 | Venture Capital Fund | $245M | 101 | $100,000 | 2% | no | |
| Jul 24, 2023 | Venture Capital Fund | $245M | 101 | $100,000 | 2% | no | |
| Mar 26, 2024 | Venture Capital Fund | $255M | 126 | $50,000 | 2% | yes | |
| Mar 26, 2026 | Venture Capital Fund | $743M | 102 | $50,000 | 2% |
Principals and agents
6 principals on Form D, 0 placement agents
- Cassie Young Promoter
- Anne Lysak Promoter
- Bradley Svrluga Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorPwC · HARTFORD, Connecticut, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- AdministratorStandish Management · WALNUT CREEK, California, United StatesForm ADV filed Mar 26, 2026 reports.adviserinfo.sec.gov
- CustodianSTIFEL BANK · ST. LOUIS, Missouri, United StatesForm ADV filed Mar 26, 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).
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| New York State Common Retirement Fund osc.ny.gov | 2023 | $30.0M | $15.3M | $0 | $27.9M | not meaningful yet | 1.8x | Mar 31, 2025 |
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.
3 relationships, public pensions and the allocator graph, each counted once
| Allocator | Type | Amount | Date | Source |
|---|---|---|---|---|
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | $30.0M committed | reported as of Mar 31, 2025 | Fact Pension disclosure |
| Surdna Foundation Inc | FOUNDATION | $3.3M fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| Robert Rauschenberg Foundation | FOUNDATION | $1.3M fair value on the foundation's return | reported as of May 31, 2025 | 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
4 events
- Mar 31, 2025NYSCRF reports PVP Fund IV, LP: $30,000,000 committed, vintage 2023LP commitment disclosed Fact Pension disclosure
- Mar 26, 2024Administrator changed: Standish Management replaced LEVERPOINT MANAGEMENT, LLC, first reported on the Form ADV filed March 26, 2024 (previous filing July 24, 2023)Administrator changed Fact Form ADV
- Mar 29, 2023PVP Fund IV, L.P. first reported on Form ADV by Primary Ventures (Venture Capital Fund), GAV $244,950,000Fund first reported on Form ADV Fact Form ADV
- Jul 1, 2022PVP Fund IV, L.P. filed Form D: no sales yet of $275,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Partnership Jul 1, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Jul 1, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Jul 1, 2022 Fact Form D
- Amendment: false Jul 1, 2022 Fact Form D
- Revenue range (Form D): Decline to Disclose Jul 1, 2022 Fact Form D
- Incorporated: withinFiveYears Jul 1, 2022 Fact Form D
- Jurisdiction: Delaware Jul 1, 2022 Fact Form D
- Amount sold (Form D): $0 Jul 1, 2022 Fact Form D
- Offering amount (Form D): $275M Jul 1, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Jul 1, 2022 Fact Form D
- Investors (Form D): 0 Jul 1, 2022 Fact Form D
- Minimum investment (Form D): 0 Jul 1, 2022 Fact Form D
- Securities offered: Equity, pooled Jul 1, 2022 Fact Form D
- Office address: Jul 1, 2022 Fact Form D
- Year of incorporation: 2022 Jul 1, 2022 Fact Form D
Relationships across DFX
on 2 other DFX graphs · 15 capital paths
Across the graphs
PVP 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…
Capital chain
PVP Fund IV, L.P. sits on 15 traced paths of capital across the graphs.
Allocator to VC fund to manager to company
DFX traced 15 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- LP commitment disclosed2025-03-31source on record
- Fund first reported on ADV2023-03-29source on record
- Form D filed2022-07-01source on record
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.