Khosla Ventures IV, L.P.
Khosla Ventures · adviser of record: Khosla Ventures, LLC · 2011 vintage
Khosla Ventures IV, L.P. is a 2011 venture fund managed by Khosla Ventures. It reported $682mm in gross assets at year-end 2025, against a peak of $3.6bn in 2021.
- Latest value held
- $682mm year-end 2025
- Peak
- $3.6bn year-end 2021
- Fund size
- Not on file
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $682mm | – | -66% over 2 yrs |
| 2023 | $2bn | – | -2% |
| 2022 | $2bn | – | -44% |
| 2021 | $3.6bn | – | +7% |
| 2020 | $3.4bn | – | +60% |
| 2019 | $2.1bn | – | -8% |
| 2018 | $2.3bn | – | +11% |
| 2017 | $2.1bn | – | +30% |
| 2016 | $1.59bn | – | +14% |
| 2015 | $1.4bn | – | +45% |
| 2014 | $965mm | – | -3% |
| 2013 | $991mm | – | +5% |
| 2012 | $948mm | – | +2% |
| 2011 | $927mm | – | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| New Jersey DOI | 2026-03-31 | $25mm | 3.53x | 4.03x | 0.50x |
| SCERS | 2026-03-31 | $10mm | 3.53x | 4.04x | 0.50x |
| LACERS | 2025-12-31 | $20mm | 3.53x | 4.04x | 0.50x |
| Michigan SMRS | 2025-12-31 | – | – | – | $25.5mm |
| University of California | 2025-06-30 | $60mm | 3.17x | 4.07x | 0.90x |
| ACERA | 2024-12-31 | $15mm | 3.19x | 4.26x | 1.07x |
Latest report from each pension, as multiples of paid-in capital. Where a pension reports only the value it holds, that value is shown in dollars under Still held. Linked dates go to the pension’s report.
Other funds from Khosla Ventures
- Khosla Ventures VIII, L.P. 2023
- Khosla Ventures Opportunity II, L.P. 2023
- Khosla Ventures Excelsior, L.P. 2023
- Khosla Ventures Seed F, L.P. 2023
- Khosla Ventures CFS SPV, LLC 2021
- Khosla Ventures Ifspv II-A, LLC 2021
- Khosla Ventures Ifspv II, LLC 2021
- Khosla Ventures Ifspv II-B, LLC 2021
- Khosla Ventures VII, L.P. 2020
- Khosla Ventures Opportunity I, L.P. 2020
- Khosla Ventures Seed E, L.P. 2020
- Khosla Ventures VI (Aiv), L.P. 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 805-4730654728. Data updated October 13, 2026.
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