N49P Fund IV, L.P. is a venture capital fund based in Dallas, Texas. According to its most recent Form D, filed Dec 30, 2025, it has sold $13,188,750 of interests to 8 investors since its first sale in Dec 2025. The minimum investment it accepts from an outside investor is $188,750. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Douglas Penick; N49P Fund IV GP Inc.
- Total raised
- $13,188,750Cumulative sales reported on Form D
- Investors
- 8
- First sale
- Dec 23, 2025
- Minimum investment
- $188,750
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Douglas Penick; N49P Fund IV GP Inc
- Latest Form D
- Dec 30, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about N49P Fund IV, L.P.
What is the minimum investment for N49P Fund IV, L.P.?
According to its latest Form D, filed Dec 30, 2025, the minimum investment N49P Fund IV, L.P. accepts from an outside investor is $188,750.
Who can invest in N49P Fund IV, L.P.?
N49P Fund IV, L.P. is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has N49P Fund IV, L.P. raised?
N49P Fund IV, L.P. reports $13,188,750 sold from 8 investors on its Form D filed Dec 30, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is N49P Fund IV, L.P. based?
N49P Fund IV, L.P. is based in Dallas, Texas.
When did N49P Fund IV, L.P. launch?
N49P Fund IV, L.P. reports its first sale in Dec 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 85% of the 495 venture capital funds based in Texas, and more than 90% of all 15,160 that report sales.