Primary Wave Music IP Fund 4, LP
Raised
$1.4B
Investors
214
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
Primary Wave Music IP Fund 4, LP is a Delaware limited partnership that has raised $1,393.7M from 214 investors under Rule 506(b) and Section 3(c) exemptions. This amended filing reports a digital IP royalties fund managed by executives Lawrence Mestel, William Cisneros, Ramon Villa, and Jane Reisman. No sales commissions were reported and no minimum investment was disclosed on the filing.
This offering represents a large-scale institutional music IP royalties fund using the private 506(b) exemption typical of funds with sophisticated investor bases. The $1.4B raise with 214 investors indicates an average commitment of approximately $6.5M per investor, positioning this in the upper tier of specialty alternative asset funds focused on music catalog monetization.
Data Flags
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
AltStreet Coverage
Original reporting from AltStreet's daily EDGAR monitoring covering Primary Wave Music IP Fund 4, LP and its filings.
All AltStreet newsCapital Raise Timeline
3 Form D filings from Sep 22, 2023 to Sep 9, 2025, the latest a D/A.
In the Terminal
Filing events
7
latest Sep 9, 2025
Critical / warning
0 / 2
4 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event Sold increase · Sep 9, 2025
SEC.govFund family Part of the Primary Wave Music IP Fund family: 4 vehicles across 4 generations · full family and the filing behind each link in the terminal
Investor
- The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
- The dated record: 6 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 7 filing events with values and deltas, latest 2025-09-09, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
- The same events, statements and NAV moves across every issuer, screenable, with unlimited watches and CSV
Counts and dates above are the free record. The values, the series and the comparisons are the seat. Loading your view…
Regulatory Activity
Filing events on this entity detected by AltStreet's EDGAR monitoring.
Signal analysis reserved for subscribers
Severity grading, value-change deltas, and analyst notes on these filings ship in the AltStreet newsletter and the Pro terminal.
Get the signal feedAdviser of Record (Form ADV)
CRD 288266 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity fund
Auditor named on Form ADV: EisnerAmper LLP · PCAOB-registered per the adviser
From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.
Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Lawrence Mestel
Executive Officer · New York, NY
William Cisneros
Executive Officer · New York, NY
Ramon Villa
Executive Officer · New York, NY
Jane Reisman
Executive Officer · New York, NY
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
Morgan Stanley Smith Barney LLCCRD 149777 on BrokerCheck
Associated broker-dealer: None · Purchase, NY · Soliciting in all states
Questions About Primary Wave Music IP Fund 4, LP
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Primary Wave Music IP Fund 4, LP?
Primary Wave Music IP Fund 4, LP is a Delaware limited partnership that filed a Form D with the SEC on September 9, 2025 as a other investment fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests. AltStreet links the issuer to Primary Wave Music IP Fund 4, LP.
Is Primary Wave Music IP Fund 4, LP legit?
AltStreet does not rate legitimacy; it reports the public record. Primary Wave Music IP Fund 4, LP filed a Form D with the SEC on September 9, 2025 claiming Rule 506(b), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $1,393,655,900 sold to 214 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to Primary Wave Music IP Fund 4, LP, which AltStreet has reviewed. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is Primary Wave Music IP Fund 4, LP registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Primary Wave Music IP Fund 4, LP claimed Rule 506(b), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has Primary Wave Music IP Fund 4, LP raised?
Primary Wave Music IP Fund 4, LP reported $1,393,655,900 sold from 214 investors in an offering of indefinite size as of the Form D filed September 9, 2025.
Who can invest in Primary Wave Music IP Fund 4, LP?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in Primary Wave Music IP Fund 4, LP?
The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.
Who is selling Primary Wave Music IP Fund 4, LP and how are they paid?
The Form D names Morgan Stanley Smith Barney LLC (CRD 149777), associated with None as the recipient of sales compensation soliciting in all states. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind Primary Wave Music IP Fund 4, LP?
The Form D lists 4 related persons: Lawrence Mestel, executive officer; William Cisneros, executive officer; Ramon Villa, executive officer; Jane Reisman, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Primary Wave Music IP Fund 4, LP located?
The issuer's address on its SEC filings is 116 East 16th Street, 9th Floor, New York, NY 10003. Its phone number of record is 212-584-8055. It is organized under the laws of Delaware.
How long is the Primary Wave Music IP Fund 4, LP offering open?
The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 2 amendments are on record for this CIK.
How large is Primary Wave Music IP Fund 4, LP?
The issuer declined to disclose its net asset value range on the Form D, which the form permits.
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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.