Lerer Hippeau Ventures IV, LP
Lerer Hippeau · adviser of record: Lerer Hippeau Ventures Management, LLC · 2014 vintage
Lerer Hippeau Ventures IV, LP is a 2014 venture fund managed by Lerer Hippeau, with $50mm raised (Form D, amount sold). It reported $126mm in gross assets at year-end 2025, 2.52x its size, against a peak of $211mm in 2019.
- Latest value held
- $126mm year-end 2025
- Peak
- $211mm year-end 2019
- Fund size
- $50mm Form D, amount sold
- Held vs. size
- 2.52x peak 4.22x
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 | $126mm | 2.52x | -14% over 2 yrs |
| 2023 | $147mm | 2.93x | -30% |
| 2022 | $209mm | 4.18x | +4% |
| 2021 | $201mm | 4.03x | +0% |
| 2020 | $201mm | 4.03x | -5% |
| 2019 | $211mm | 4.22x | +8% |
| 2018 | $194mm | 3.89x | +69% |
| 2017 | $115mm | 2.30x | +50% |
| 2016 | $76.5mm | 1.53x | +19% |
| 2015 | $64.2mm | 1.28x | +298% |
| 2014 | $16.1mm | 0.32x | – |
Other funds from Lerer Hippeau
- Lerer Hippeau VIII, LP 2021
- Lerer Hippeau Select Fund IV, LP 2021
- Lerer Hippeau ZB, LP 2021
- Lerer Hippeau Select Fund III, LP 2019
- Lerer Hippeau VII, LP 2019
- Lerer Hippeau Ventures VI, LP 2017
- Lerer Hippeau Ventures Select Fund II, LP 2017
- Lerer Hippeau Ventures Select Fund, LP 2016
- BN Capital Fund II, L.P. 2016
- Lerer Hippeau Ventures V, LP 2015
- Lerer Hippeau Ventures CS, LLC 2015
- BN Capital Fund 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 805-7852762790. Data updated October 13, 2026.
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