Joy Capital IV, L.P.
Joy Capital · adviser of record: Joy Capital Management, LTD. · 2022 vintage
Joy Capital IV, L.P. is a 2022 venture fund managed by Joy Capital, with $155mm raised (Form D, amount sold). It reported $139mm in gross assets at year-end 2025, 0.90x its size, its highest reported value.
- Latest value held
- $139mm year-end 2025
- Peak
- $139mm year-end 2025
- Fund size
- $155mm Form D, amount sold
- Held vs. size
- 0.90x peak 0.90x
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 | $139mm | 0.90x | +50% over 2 yrs |
| 2023 | $92.8mm | 0.60x | +281% |
| 2022 | $24.3mm | 0.16x | – |
Other funds from Joy Capital
- Joy Capital III, L.P. 2019
- Joy Capital Opportunity, L.P. 2018
- Joy Capital II, L.P. 2017
- Joy Capital I, 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 805-3558873672. Data updated October 13, 2026.
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