Form D · Venture Capital Fund

M25 Fund IV, L.P.

Chicago, IL · CIK 0001947377

Offering snapshot reported Dec 10, 2024 · SEC filing

Reported sold: $28.2M
Investors reported: 40
Minimum accepted: $0
First sale: Dec 22, 2022

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$26,245,000 → $28,245,000
Reported investors34 → 40

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 10, 2024	Amendment	$28,245,000	$2,000,000vs Dec 15, 2023	40	SEC filing
Dec 15, 2023	Amendment	$26,245,000	No comparison	34	SEC filing
Dec 16, 2022	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-467785

Source: Form D, filed Dec 10, 2024. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

M25 FUND IV, L.P.

Investment adviser: M25 GROUP, LLC

Gross asset value: $33.4M
Beneficial owners: 43
ADV minimum commitment: $250K

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator E78 PARTNERS CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PLANTE MORAN CHICAGO, Illinois, United States

Custodian CITIZENS BANK PROVIDENCE, Rhode Island, United States Related to adviser: No

Custodian JPMORGAN CHASE BANK NEWARK, Delaware, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PLANTE MORAN
PCAOB 6581

Filing source

Form ADV 2078083 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-3198786468

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Related funds

Funds whose names form a numbered series with this one and that share its city or the name of a related person. Form D does not state how these funds are related.

Fund	Latest Form D	Reported sold	Investors
M25 Fund III, L.P.	Apr 22, 2020	$16,625,000	35
M25 Fund IV, L.P. (this fund)	Dec 10, 2024	$28,245,000	40

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Delali Michael Asem	Executive
Victor Gutwein	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

415 N Lasalle St #500
Chicago, IL, 60654