4P2021, LLC
Pipeline Capital Partners · adviser of record: Pipeline Capital Partners I GP, LLC · 2021 vintage
4P2021, LLC is a 2021 venture fund managed by Pipeline Capital Partners, with $4mm raised (Form D, amount sold). It reported $19.1mm in gross assets at year-end 2025, 4.77x its size, its highest reported value.
- Latest value held
- $19.1mm year-end 2025
- Peak
- $19.1mm year-end 2025
- Fund size
- $4mm Form D, amount sold
- Held vs. size
- 4.77x peak 4.77x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $19.1mm | 4.77x | +11% over 2 yrs |
| 2023 | $17.2mm | 4.30x | +24% |
| 2022 | $13.8mm | 3.45x | +33% |
| 2021 | $10.4mm | 2.60x | – |
Other funds from Pipeline Capital Partners
- 4P2023, LLC 2023
- 4P2022, LLC 2022
- 4PMMXXII, LLC 2022
- GTM100, LLC 2021
- PCP-Lion-SX-2017, LLC 2018
- PCP-Lion-HIPPO18, LLC 2018
- Pipeline Capital Partners II, LP 2015
- Pipeline Capital Partners I, LP 2015
All Pipeline Capital Partners funds
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-7057828482. Data updated October 13, 2026.
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