Form D · Private Equity Fund

Tree Line Direct Lending IV Unlevered, LP

San Francisco, CA · CIK 0002105315

Offering snapshot reported Jan 29, 2026 · SEC filing

Reported sold: $275M
Investors reported: 4
Minimum accepted: $0
First sale: Sep 17, 2025

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jan 29, 2026	Initial	$275,000,000	No comparison	4	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.1, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-571532

Source: Form D, filed Jan 29, 2026. 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

TREE LINE DIRECT LENDING IV UNLEVERED, LP

Investment adviser: TREE LINE CAPITAL PARTNERS, LLC

Gross asset value: $381M
Beneficial owners: 11
ADV minimum commitment: $5M

Reported in Form ADV on Mar 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG NEW ORLEANS, Louisiana, United States

Custodian CITY NATIONAL BANK LOS ANGELES, California, United States Related to adviser: No

Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No

Marketer PROBITAS FUNDS GROUP, LLC SAN FRANCISCO, California, 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

ERNST & YOUNG
PCAOB 42

STATE STREET BANK AND TRUST COMPANY
LEI 54930040JC7I4R2I8K66

PROBITAS FUNDS GROUP, LLC
CRD 115876 · SEC 8-53512

Filing source

Form ADV 2075010 · Mar 30, 2026 · Schedule D 7.B.(1), fund 805-4538467407

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

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
Tom Quimby	Director
Jon Schroeder	Director
N/A Tree Line Capital Partners, Llc	Executive
N/A Tree Line Direct Lending Iv Gp, Llc	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

3 Embarcadero Center Suite 2320
San Francisco, CA, 94111