DFX Intelligence
Variant Fund IV, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingActive offering evidenceADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
10 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- $221Msold at the filing
Latest Form D filed on 9 Sep 2026: $221M sold of $250M offered, 55 investors. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2025basis: 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
- $250Mwhat may be sold, not what was raised; file 021-556898, sworn by the adviser or filed under this vehicle
- Form D sold
- $221Mas of the filing of Sep 9, 2026, 55 investors
- First sale
- Sep 9, 2025
- Reported GAV
- $0on the Form ADV filed May 6, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 52
- Reported on ADV
- unknown
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.Active offering evidence
Form D filed or amended 2026-09-09: sold $221.2M of a stated $250.0M offering (fr-1)
evidence dated Sep 9, 2026.
Lifecycle
Fundraising
Lifecycle
Form D within 18 months and the offering is not sold out
first sale: Sep 9, 2025vintage year: 2025adv gav as of: May 6, 2026vintage basis: Form d first saleform d sold: $221Mform d offering: $250Mform d latest filed at: Sep 9, 2026
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| May 6, 2026 | Venture Capital Fund | $0 | 52 | $50,000 | 1% |
Principals and agents
2 principals on Form D, 0 placement agents
- Variant Fund IV GP, LLC Executive Officer
- Jesse Walden Executive Officer
Service providers
13 named on Form ADV Schedule D and Form D
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
- CustodianBITGO TRUST COMPANY, INC. · SIOUX FALLS, South Dakota, United StatesForm ADV filed May 6, 2026 reports.adviserinfo.sec.gov
- CustodianFirst Citizens Bank · SANTA CLARA, California, United StatesForm ADV filed May 6, 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
4 events
- Sep 9, 2026Variant Fund IV, L.P. filed Form D/A: $221,164,750 sold of $250,000,000, Venture Capital FundForm D filed Fact Form D
- May 6, 2026Variant Fund IV, L.P. first reported on Form ADV by Variant (Venture Capital Fund)Fund first reported on Form ADV Inference Form ADV
- Sep 8, 2025Variant filed the first Form D for Variant Fund IV, L.P. (fund 4), its next fund after Variant Fund III, L.P. (vintage 2022); offering $250.0MFund next filed Inference
- Sep 8, 2025Variant Fund IV, L.P. filed Form D: no sales yet of $250,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Limited Partnership Sep 9, 2026 Fact Form D
- Entity type: Limited Partnership Sep 8, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Sep 9, 2026 Fact Form D
- Form D fund type: Venture Capital Fund Sep 8, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 9, 2026 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 8, 2025 Fact Form D
- Amendment: true Sep 9, 2026 Fact Form D
- Amendment: false Sep 8, 2025 Fact Form D
- Revenue range (Form D): Not Applicable Sep 9, 2026 Fact Form D
- Revenue range (Form D): Not Applicable Sep 8, 2025 Fact Form D
- Incorporated: withinFiveYears Sep 9, 2026 Fact Form D
- Incorporated: withinFiveYears Sep 8, 2025 Fact Form D
- Jurisdiction: Delaware Sep 9, 2026 Fact Form D
- Jurisdiction: Delaware Sep 8, 2025 Fact Form D
- Amount sold (Form D): $221M Sep 9, 2026 Fact Form D
- Amount sold (Form D): $0 Sep 8, 2025 Fact Form D
- Offering amount (Form D): $250M Sep 9, 2026 Fact Form D
- Offering amount (Form D): $250M Sep 8, 2025 Fact Form D
- Exemptions: 06c, 3C, 3C.1 Sep 9, 2026 Fact Form D
- Exemptions: 06b, 3C, 3C.1, 3C.7 Sep 8, 2025 Fact Form D
- First sale: 2025-09-09 Sep 9, 2026 Fact Form D
- Investors (Form D): 55 Sep 9, 2026 Fact Form D
- Investors (Form D): 0 Sep 8, 2025 Fact Form D
- Minimum investment (Form D): 0 Sep 9, 2026 Fact Form D
- Minimum investment (Form D): 0 Sep 8, 2025 Fact Form D
- Securities offered: pooled Sep 9, 2026 Fact Form D
- Securities offered: pooled Sep 8, 2025 Fact Form D
- Office address: Sep 9, 2026 Fact Form D
- Office address: Sep 8, 2025 Fact Form D
- Year of incorporation: 2025 Sep 9, 2026 Fact Form D
- Year of incorporation: 2025 Sep 8, 2025 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Variant Fund 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
- Form D filed2026-09-09source on record
- Fund first reported on ADV2026-05-06source on record
- Form D filed2025-09-08source 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.