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EDGAR Verified
Primary Source · SEC.gov

Legalist Fund IV, LP

CIK 0002051440Fund Vehicle2026 vintage
LegalistFull Review

Raised

$414M

Investors

195

Min Invest

$1,000,000

AltStreet Analysis

·

Generated from EDGAR primary sources

Legalist Fund IV, LP is a litigation finance fund vehicle filed by Legalist, Inc. and managed by Eva Shang and Christian Haigh. This amended filing reports $414.2M raised from 195 investors with a $1.0M minimum investment. The entity is part of the Legalist platform, which operates 6 EDGAR-registered entities focused on litigation finance and government receivables, with cumulative capital across related funds exceeding $625M.

This fund represents a substantial litigation finance vehicle with a $1.0M minimum, positioning it in the institutional/qualified purchaser tier typical of alternative legal finance funds. The 195-investor base and $414.2M raise suggest an average commitment of approximately $2.1M per investor, consistent with mid-market institutional participation in specialty finance strategies.

Data Flags

First Sale DateFirst sale date not disclosed despite $414.2M already raised across 195 investors
Industry GroupIndustry group not specified in filing despite clear litigation finance focus
Securities TypeSecurities type not specified for a $414.2M offering
generalThis is Fund IV in the series with no vintage year disclosed, but predecessor Fund III closed in 2021 with $218.6M; Fund IV has nearly doubled that amount

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002051440
Entity NameLegalist Fund IV, LP
Exemption—
First Sale DateApril 6, 2026
Filing DateApril 6, 2026
Accession Number0002051440-26-000003
Total Amount Sold$414M
Total Investors195
Minimum Investment$1,000,000
Securities Type—
State of IncorporationNot specified
Amendment Count1 amendments filed

Capital Raise Timeline

Chronological filing history from primary SEC Form D documents. Delta figures show change from previous filing.

Jan 2025D
$78M77 investors$1,000,000 min
Apr 2026D/ALatest
$414M(+$336M)195 investors(+118)$1,000,000 min

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

n/a Legalist GP IV, LLC

Executive Officer · San Francisco, CA

n/a Legalist, Inc.

Executive Officer · San Francisco, CA

Eva Shang

Executive Officer · San Francisco, CA

Christian Haigh

Executive Officer · San Francisco, CA

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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.