HLM Venture Partners IV, LP
HLM · adviser of record: HLM Management CO., LLC · 2014 vintage
HLM Venture Partners IV, LP is a 2014 venture fund managed by HLM, with $63.7mm raised (Form D, amount sold). It reported $33.4mm in gross assets at year-end 2025, 0.52x its size, against a peak of $94.9mm in 2020.
- Latest value held
- $33.4mm year-end 2025
- Peak
- $94.9mm year-end 2020
- Fund size
- $63.7mm Form D, amount sold
- Held vs. size
- 0.52x peak 1.49x
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 | $33.4mm | 0.52x | -35% over 2 yrs |
| 2023 | $51.1mm | 0.80x | -12% |
| 2022 | $58.3mm | 0.92x | -33% |
| 2021 | $86.6mm | 1.36x | -9% |
| 2020 | $94.9mm | 1.49x | +18% |
| 2019 | $80.2mm | 1.26x | +47% |
| 2018 | $54.5mm | 0.86x | +76% |
| 2017 | $31mm | 0.49x | +38% |
| 2016 | $22.4mm | 0.35x | +137% |
| 2015 | $9.5mm | 0.15x | – |
| 2014 | $0k | 0.00x | – |
Other funds from HLM
- HLM Strategic Investment Fund, L.P. 2020
- HLM Venture Partners V, LP 2019
- HLM Venture Partners II, LP 2011
- HLM Venture Partners III, LP 2011
- HLM Venture Partners, LP 2011
- HLM/UH Fund, LP 2011
- Validus, LP 2011
- HLM/CB Fund, LP 2011
- HLM/CB Fund II, LP 2011
- HLM Opportunities Fund, LP 2011
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 805-6886636135. Data updated October 13, 2026.
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