H Capital IV, L.P.
H Capital · adviser of record: H Investment Management Company, LTD. · 2017 vintage
H Capital IV, L.P. is a 2017 venture fund managed by H Capital, with $500mm raised (Form D, amount sold). It reported $586mm in gross assets at year-end 2025, 1.17x its size, against a peak of $850mm in 2020.
- Latest value held
- $586mm year-end 2025
- Peak
- $850mm year-end 2020
- Fund size
- $500mm Form D, amount sold
- Held vs. size
- 1.17x peak 1.70x
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 | $586mm | 1.17x | -13% over 2 yrs |
| 2023 | $670mm | 1.34x | -9% |
| 2022 | $734mm | 1.47x | -9% |
| 2021 | $811mm | 1.62x | -5% |
| 2020 | $850mm | 1.70x | +28% |
| 2019 | $666mm | 1.33x | +7% |
| 2018 | $621mm | 1.24x | +24% |
| 2017 | $500mm | 1.00x | – |
Other funds from H Capital
- H Capital VI, L.P. 2021
- H Capital VII, L.P. 2021
- H Capital V, L.P. 2018
- H Capital I, L.P. 2015
- H Capital III, L.P. 2014
- H Capital II, L.P. 2014
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 805-4307479619. Data updated October 13, 2026.
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