Form D · Other Investment Fund

Section Capital IV, LP

Palo Alto, CA · CIK 0001795412

Offering snapshot reported Dec 26, 2020 · SEC filing

Reported sold: $111M
Investors reported: 95
Minimum accepted: $25K
First sale: Feb 21, 2020

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 95
Minimum accepted$0 → $25,000

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Dec 26, 2020	Amendment	$110,550,000	No comparison	95	SEC filing
Feb 20, 2020	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: No
Business combination: No

Sales commissions: $260K (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-360973

An affiliate of the General Partner will pay a fee equal to a percentage of commitments from certain investors introduced by the placement agent.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
INTE Securities LLC	47107	Conor Smyth · CRD 6427427
Equus Financial Consulting, LLC	131449

Source: Form D, filed Dec 26, 2020. 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

SECTION CAPITAL IV, LP

Investment adviser: SECTION PARTNERS MANAGEMENT, LLC

Gross asset value: $130M
Beneficial owners: 99
ADV minimum commitment: $25K

Reported in Form ADV on Mar 25, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator STANDISH MANAGEMENT, LLC LEHI, Utah, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor BDO USA, LLP SAN FRANCISCO, California, United States

Custodian J.P. MORGAN CHASE BANK SAN FRANCISCO, California, United States Related to adviser: No

Marketer EQUUS FINANCIAL CONSULTING, LLC NEW CANAAN, Connecticut, United States Related to adviser: No

Provider details

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

BDO USA, LLP
PCAOB 243

Filing source

Form ADV 2081291 · Mar 25, 2026 · Schedule D 7.B.(1), fund 805-6738607411

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
Section Capital III, LP	Oct 10, 2017	$13,725,000	39
Section Capital IV, LP (this fund)	Dec 26, 2020	$110,550,000	95
Section Capital V, LP	Mar 31, 2025	$115,225,000	85

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
John David Verron Crowder	Executive
N/A Section Partners Associates Iv, Llc	Executive
N/A Section Partners Management, Llc	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

855 El Camino Real Bldg. 5, Suite 316
Palo Alto, CA, 94301