Seabright IV, L.P
Azure91 · adviser of record: AZURE91 Management, LLC · 2020 vintage
Seabright IV, L.P is a 2020 venture fund managed by Azure91, with $119mm raised (Form D, amount sold). It reported $119mm in gross assets at year-end 2025, 1.00x its size, against a peak of $121mm in 2021.
- Latest value held
- $119mm year-end 2025
- Peak
- $121mm year-end 2021
- Fund size
- $119mm Form D, amount sold
- Held vs. size
- 1.00x peak 1.02x
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 | $119mm | 1.00x | +1% over 2 yrs |
| 2023 | $118mm | 0.99x | -1% |
| 2022 | $119mm | 1.00x | -1% |
| 2021 | $121mm | 1.02x | +127% |
| 2020 | $53mm | 0.45x | – |
Other funds from Azure91
- Seabright SFO2, L.P. 2022
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 805-1443401578. Data updated October 13, 2026.
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