South Park Commons closes $575M Fund IV, bringing AUM to $2B

South Park Commons (SPC) has announced SPC Fund IV, a new $575 million fund dedicated to backing founders at the earliest, most ambiguous stages of company creation.

With Fund IV, SPC says it now manages $2 billion in assets under management and supports a 1,200-member community of technologists and builders.

Founded in 2016, SPC positions itself as a community and investment platform focused on the "-1 to 0" phase, bringing together intensely curious builders before and during company formation.

The firm describes its core thesis as combining high talent density with innate curiosity, aiming to help founders identify the right problems to work on and then partner with them through the early stages of building.