Wings Of Mercury IV, L.P.
Bull & Bear · adviser of record: Bull & Bear, LP · 2021 vintage
Wings Of Mercury IV, L.P. is a 2021 venture fund managed by Bull & Bear, with $6.1mm raised (Form D, amount sold). It reported $7.4mm in gross assets at year-end 2025, 1.20x its size, its highest reported value.
- Latest value held
- $7.4mm year-end 2025
- Peak
- $7.4mm year-end 2025
- Fund size
- $6.1mm Form D, amount sold
- Held vs. size
- 1.20x peak 1.20x
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 | $7.4mm | 1.20x | +3% over 2 yrs |
| 2023 | $7.1mm | 1.16x | +1% |
| 2022 | $7mm | 1.15x | +38% |
| 2021 | $5.1mm | 0.83x | – |
Other funds from Bull & Bear
- Wings Of Mercury X, L.P. 2023
- Wings Of Mercury V, L.P. 2021
- Wings Of Mercury VII LP 2021
- Wings Of Mercury VI L.P. 2021
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 805-3002663218. Data updated October 13, 2026.
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