Initialized IV Associates L.P.
Initialized Capital · adviser of record: Initialized Capital Management, LLC · 2018 vintage
Initialized IV Associates L.P. is a 2018 venture fund managed by Initialized Capital, with $7.3mm raised (Form D, amount sold). It reported $17.7mm in gross assets at year-end 2025, 2.43x its size, against a peak of $22.1mm in 2021.
- Latest value held
- $17.7mm year-end 2025
- Peak
- $22.1mm year-end 2021
- Fund size
- $7.3mm Form D, amount sold
- Held vs. size
- 2.43x peak 3.02x
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 | $17.7mm | 2.43x | -15% over 2 yrs |
| 2023 | $20.9mm | 2.86x | -3% |
| 2022 | $21.6mm | 2.96x | -2% |
| 2021 | $22.1mm | 3.02x | +223% |
| 2020 | $6.8mm | 0.94x | +64% |
| 2019 | $4.2mm | 0.57x | +332% |
| 2018 | $964k | 0.13x | – |
Other funds from Initialized Capital
- Initialized VI L.P. 2021
- Initialized Superclass II L.P. 2021
- Initialized FG SPV LLC 2021
- Initialized Robin HBF SPV LLC 2021
- Initialized PA SPV LLC 2021
- Initialized TP SPV LLC 2021
- Initialized CBH SPV LLC 2021
- Initialized VI Associates L.P. 2021
- Initialized V L.P. 2020
- Initialized V Associates L.P. 2020
- Initialized Superclass Iss L.P. 2019
- Initialized Robin Fund, LP 2019
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 805-9264899833. Data updated October 13, 2026.
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