Icpf-IV
IDG Capital · adviser of record: Idg Capital Fund Management LTD. · 2020 vintage
Icpf-IV is a 2020 venture fund managed by IDG Capital, with $550mm raised (Form D, amount sold). It reported $3.2bn in gross assets at year-end 2025, 5.78x its size, against a peak of $3.5bn in 2022.
- Latest value held
- $3.2bn year-end 2025
- Peak
- $3.5bn year-end 2022
- Fund size
- $550mm Form D, amount sold
- Held vs. size
- 5.78x peak 6.37x
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 | $3.2bn | 5.78x | -8% over 2 yrs |
| 2023 | $3.4bn | 6.27x | -2% |
| 2022 | $3.5bn | 6.37x | +35% |
| 2021 | $2.6bn | 4.71x | +331% |
| 2020 | $600mm | 1.09x | – |
Other funds from IDG Capital
- ICG7M 2022
- ICG7S 2022
- Ihsf 2021
- Ibf 2021
- Imvf 2020
- ICG6S 2020
- ICG6M 2019
- ICG5M 2017
- ICG5S 2017
- ICCF3M 2015
- ICCF3S 2015
- ICG4M 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 805-5571039759. Data updated October 13, 2026.
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