Belay Real Estate Ventures Fund IV, LLC

Other fund
Rule 506(b)
Los Angeles, California
Filed Oct 9, 2026

Raising: $750,000,000
Sold so far: $340,000,000; 45% sold
Investors: 3
Average check: $113,333,333; Sold ÷ investors
Minimum: None stated
Sales commissions: $0; Issuer's estimate

In plain English

Belay Real Estate Ventures Fund IV, LLC, a pooled real estate investment fund based in Los Angeles, California, filed a Form D with the SEC on Oct 9, 2026 to raise $750 million. It reports $340 million raised from 3 investors, 45% of its target. That works out to roughly $113,333,000 per investor. It didn't state a minimum investment.

It filed under Rule 506(b), which means the offering can't be advertised to the public. Investors in these deals usually already have a relationship with the sponsor.

How it compares

Against the 594 real estate offerings filed Oct 6 – Nov 4, 2026.

This offeringMedian

Raise size$750M vs $7.7M median

Larger than 99% of the 460 offerings that set a size.

How much is sold45% sold vs 50% median

Behind 52% of the 460 offerings with a set size.

Minimum investmentNone stated vs $50,000 median

167 of the 594 offerings didn't state one either.

Where the sponsor is based

The California housing market

Typical home value $762KChange, 12 months 0.7%Los Angeles metro $950K

Form D lists the issuer's principal place of business, not where its properties are. Home values for Sep 2026.

See California market data

Filing details

File number: 021-600624
Latest filing: Form D, Oct 9, 2026
Accession number: 0002152723-26-000001
Entity type: Limited Liability Company
Industry group: Pooled Investment Fund
Fund type: Other Investment Fund
Principal place of business: Los Angeles, California
Exemption claimed: Rule 506(b)
First sale: Sep 30, 2026

Timeline

First sale
Sep 30, 2026
Form D filed with the SEC
Oct 9, 2026
$340M sold (45% of the target)
As reported Oct 9, 2026

Other recent filings from California

All fund filings

This page summarizes a notice Belay Real Estate Ventures Fund IV, LLC filed with the SEC. Fidelis First is not affiliated with Belay Real Estate Ventures Fund IV, LLC, has not reviewed this offering and does not recommend it. Nothing here is an offer to sell or a solicitation of an offer to buy any security. Figures are as the issuer reported them on Oct 9, 2026 and may have changed since.

Sales commissions are the issuer's estimate for the whole offering, not amounts paid so far. Average check is derived: amount sold divided by number of investors. Issuers don't have to amend a Form D when sales or investor counts change, so these can lag.

Source: SEC EDGAR, Form D · As of Oct 9, 2026

Source: Data Provided by Zillow Group · As of Sep 2026