Merus Capital IV, L.P.
Merus Capital · adviser of record: Merus Capital Management Company, LLC · 2018 vintage
Merus Capital IV, L.P. is a 2018 venture fund managed by Merus Capital, with $63mm raised (Form D, amount sold). It reported $66.3mm in gross assets at year-end 2025, 1.05x its size, against a peak of $94.4mm in 2021.
- Latest value held
- $66.3mm year-end 2025
- Peak
- $94.4mm year-end 2021
- Fund size
- $63mm Form D, amount sold
- Held vs. size
- 1.05x peak 1.50x
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 | $66.3mm | 1.05x | -21% over 2 yrs |
| 2023 | $84.1mm | 1.33x | -4% |
| 2022 | $87.7mm | 1.39x | -7% |
| 2021 | $94.4mm | 1.50x | +33% |
| 2020 | $70.7mm | 1.12x | +15% |
| 2019 | $61.6mm | 0.98x | +4% |
| 2018 | $59.2mm | 0.94x | – |
Other funds from Merus Capital
- Merus Capital Expansion Fund III LP 2017
- Merus Capital III, L.P. 2015
- Merus Capital II Expansion Fund, L.P. 2015
- Merus Opportunity Fund - Adroll, LP 2014
- Merus Capital II, LP 2012
- Merus Capital I, LP 2011
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 805-2915161760. Data updated October 13, 2026.
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