DFX Intelligence
Healthquest Partners IV, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
Active deploymentClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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Nothing material in the last 365 days. Last change: 17 May 2022, Latest Form D filed on 17 May 2022: $675M sold of $675M offered, 109 investors. A Form D amount is what was sold at the filing, never a final close.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2022basis: 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
- $675Mwhat may be sold, not what was raised; file 021-439719, sworn by the adviser or filed under this vehicle
- Form D sold
- $675Mas of the filing of May 17, 2022, 109 investors
- First sale
- Mar 31, 2022
- Reported GAV
- $682Mon the Form ADV filed Mar 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 110
- Reported on ADV
- Mar 21, 2023 to Mar 30, 2026
Fundraising evidence
What 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.Closed to new capital
Form D filed or amended 2022-05-17: the stated $675.0M offering reported fully sold (fr-1)
evidence dated May 17, 2022.
Lifecycle
Active deployment
Lifecycle
vintage 2 to 4 years
age years: 4first sale: Mar 31, 2022vintage year: 2022adv gav as of: Mar 30, 2026vintage basis: Form d first saleform d sold: $675Mform d offering: $675Mform d latest filed at: May 17, 2022
The fund's own reporting through time
5 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 21, 2023 | Venture Capital Fund | $685M | 110 | 2% | yes | ||
| Jun 26, 2023 | Venture Capital Fund | $682M | 110 | 2% | no | ||
| Jul 20, 2023 | Venture Capital Fund | $682M | 110 | 2% | no | ||
| Mar 25, 2024 | Venture Capital Fund | $715M | 110 | 2% | no | ||
| Mar 30, 2026 | Venture Capital Fund | $682M | 110 | 2% |
Principals and agents
1 principal on Form D, 0 placement agents
- Garheng Kong Executive Officer
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorBDO · SAN FRANCISCO, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorHC GLOBAL FUND SERVICES, LLC · WALNUT CREEK, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
- AdministratorMWY FUND SERVICES, LLC · REDWOOD CITY, California, United StatesForm ADV filed Mar 30, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose 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).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocators
What 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.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
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
3 events
- Mar 21, 2023Healthquest Partners IV, L.P. first reported on Form ADV by Healthquest Capital Management, L.P. (Venture Capital Fund), GAV $685,279,188Fund first reported on Form ADV Fact Form ADV
- May 17, 2022HealthQuest Partners IV, L.P. filed Form D/A: $675,000,000 sold of $675,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 30, 2022HealthQuest Partners IV, L.P. filed Form D: no sales yet of $585,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership May 17, 2022 Fact Form D
- Entity type: Limited Partnership Mar 30, 2022 Fact Form D
- Form D fund type: Venture Capital Fund May 17, 2022 Fact Form D
- Form D fund type: Venture Capital Fund Mar 30, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund May 17, 2022 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 30, 2022 Fact Form D
- Amendment: true May 17, 2022 Fact Form D
- Amendment: false Mar 30, 2022 Fact Form D
- Revenue range (Form D): Not Applicable May 17, 2022 Fact Form D
- Revenue range (Form D): Not Applicable Mar 30, 2022 Fact Form D
- Incorporated: withinFiveYears May 17, 2022 Fact Form D
- Incorporated: withinFiveYears Mar 30, 2022 Fact Form D
- Jurisdiction: Delaware May 17, 2022 Fact Form D
- Jurisdiction: Delaware Mar 30, 2022 Fact Form D
- Amount sold (Form D): $675M May 17, 2022 Fact Form D
- Amount sold (Form D): $0 Mar 30, 2022 Fact Form D
- Offering amount (Form D): $675M May 17, 2022 Fact Form D
- Offering amount (Form D): $585M Mar 30, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.7 May 17, 2022 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Mar 30, 2022 Fact Form D
- First sale: 2022-03-31 May 17, 2022 Fact Form D
- Investors (Form D): 109 May 17, 2022 Fact Form D
- Investors (Form D): 0 Mar 30, 2022 Fact Form D
- Minimum investment (Form D): 0 May 17, 2022 Fact Form D
- Minimum investment (Form D): 0 Mar 30, 2022 Fact Form D
- Securities offered: pooled May 17, 2022 Fact Form D
- Securities offered: pooled Mar 30, 2022 Fact Form D
- Office address: May 17, 2022 Fact Form D
- Office address: Mar 30, 2022 Fact Form D
- Year of incorporation: 2022 May 17, 2022 Fact Form D
- Year of incorporation: 2022 Mar 30, 2022 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Healthquest Partners IV, L.P. is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2023-03-21source on record
- Form D filed2022-05-17source on record
- Form D filed2022-03-30source 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.