Diligence memo · auto-generated · as of July 2, 2026
Pine State Infrastructure Fund IV, LP
Pine State Infrastructure Fund IV, LP has raised $20M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Pine State Infrastructure Fund IV, LP operates in Investment Vehicle, based in LITTLE ROCK.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Pine State Infrastructure Fund IV, LP has raised $20M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $20M on 2022-06-10.
Most recent recorded round closed around 2022-06-10.
Valuation (modeled)modeled
Provath models Pine State Infrastructure Fund IV, LP at approximately $206M (range $50M–$547M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Not enough dated financing history to read a financing rhythm.
Comparablesmixed
Capital scale ranks ahead of 83% of Investment Vehicle peers (1793 compared).
Modeled value ranks above 84% of those peers.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.