Andreessen Horowitz Fund IV, L.P.
Andreessen Horowitz · adviser of record: AH Capital Management, L.L.C. · 2014 vintage
Andreessen Horowitz Fund IV, L.P. is a 2014 venture fund managed by Andreessen Horowitz, with $1bn raised (Form D, amount sold). It reported $1.61bn in gross assets at year-end 2025, 1.61x its size, against a peak of $4.8bn in 2021.
- Latest value held
- $1.61bn year-end 2025
- Peak
- $4.8bn year-end 2021
- Fund size
- $1bn Form D, amount sold
- Held vs. size
- 1.61x peak 4.82x
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 | $1.61bn | 1.61x | -53% over 2 yrs |
| 2023 | $3.4bn | 3.39x | +24% |
| 2022 | $2.7bn | 2.73x | -43% |
| 2021 | $4.8bn | 4.82x | +49% |
| 2020 | $3.2bn | 3.24x | +79% |
| 2019 | $1.81bn | 1.81x | +7% |
| 2018 | $1.7bn | 1.70x | +33% |
| 2017 | $1.28bn | 1.28x | +11% |
| 2016 | $1.14bn | 1.14x | +1% |
| 2015 | $1.13bn | 1.13x | +6% |
| 2014 | $1.07bn | 1.07x | – |
What registered funds report
| Holder | As of | Value of stake | Value ÷ cost |
|---|---|---|---|
| Hamilton Lane Venture Capital & Growth Fund | 2026-06-30 | $389k | 1.17x |
| Hamilton Lane Private Secondary Fund | 2026-06-30 | $382k | 1.17x |
From SEC Form N-PORT, filed by mutual funds and other registered funds that hold an interest in this fund.
Other funds from Andreessen Horowitz
- AH Stah, L.P. 2023
- RESW1, L.P. 2023
- Andreessen Horowitz Fund VIII, L.P. 2022
- AH Bio Fund IV, L.P. 2022
- AH 2022 Annual Fund, L.P. 2022
- AH Games Fund I, L.P. 2022
- CLF Partners III, LP 2022
- AH 2022 Annual Fund-B, L.P. 2022
- AH 2022 Annual Fund-QC, L.P. 2022
- Andreessen Horowitz LSV Fund III, L.P. 2021
- Andreessen Horowitz Seed Fund I, L.P. 2021
- Andreessen Horowitz Seed Fund I-Q, L.P. 2021
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 805-6496679505. Data updated October 13, 2026.
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