Legalist Fund IV, LP
Raised
$414M
Investors
195
Min Invest
$1,000,000
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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
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.
Capital Raise Timeline
2 Form D filings from Jan 10, 2025 to Apr 6, 2026, the latest a D/A.
In the Terminal
Filing events
5
latest Apr 6, 2026
Critical / warning
0 / 1
4 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event Sold increase · Apr 6, 2026
SEC.govFund family Part of the Legalist Fund family: 5 vehicles across 4 generations · adviser of record Legalist · 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: 23 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
- 5 filing events with values and deltas, latest 2026-04-06, 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 297876 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity fund
Auditor named on Form ADV: PKF O'Connor Davies · 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.
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
Questions About Legalist Fund IV, LP
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Legalist Fund IV, LP?
Legalist Fund IV, LP is a Delaware limited partnership that filed a Form D with the SEC on April 6, 2026 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 Legalist.
Is Legalist Fund IV, LP legit?
AltStreet does not rate legitimacy; it reports the public record. Legalist Fund IV, LP filed a Form D with the SEC on April 6, 2026 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 $414,189,000 sold to 195 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to Legalist, 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 Legalist Fund IV, 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 Legalist Fund IV, 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 Legalist Fund IV, LP raised?
Legalist Fund IV, LP reported $414,189,000 sold from 195 investors of a $425,000,000 total offering as of the Form D filed April 6, 2026.
Who can invest in Legalist Fund IV, 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 minimum investment accepted from an outside investor is $1,000,000.
What is the minimum investment in Legalist Fund IV, LP?
The Form D lists $1,000,000 as the minimum investment accepted from any outside investor as of April 6, 2026. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling Legalist Fund IV, LP and how are they paid?
The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind Legalist Fund IV, LP?
The Form D lists 4 related persons: Legalist GP IV, LLC, executive officer (General Partner of the Issuer); Legalist, Inc., executive officer (Investment Adviser of the Issuer); Eva Shang, executive officer (President and Director of Legalist, Inc.; Manager of Legalist GP IV, LLC, the General Partner); Christian Haigh, executive officer (Director of Legalist, Inc.; Manager of Legalist GP IV, LLC, the General Partner). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Legalist Fund IV, LP located?
The issuer's address on its SEC filings is C/O Legalist, Inc., 58 W. Portal Avenue, No. 747, San Francisco, CA 94110. Its phone number of record is 415-570-7878. It is organized under the laws of Delaware.
How long is the Legalist Fund IV, 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; 1 amendment is on record for this CIK.
How large is Legalist Fund IV, 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.