-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 SMpvw6+DUTovSt5e21xqBY7Qz4mFDiK1JzsFjG+YfuWq0OU/K7u73ISnlFiGb8a4
 ry0fVjcacnlqRQfPb0wCYQ==

<SEC-DOCUMENT>0001454987-09-000004.txt : 20090303
<SEC-HEADER>0001454987-09-000004.hdr.sgml : 20090303
<ACCEPTANCE-DATETIME>20090303105821
ACCESSION NUMBER:		0001454987-09-000004
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090303
DATE AS OF CHANGE:		20090303
EFFECTIVENESS DATE:		20090303

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Innovative Financial Private Equity Fund IV, LLC
		CENTRAL INDEX KEY:			0001454987
		IRS NUMBER:				264132832
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-126492
		FILM NUMBER:		09650068

	BUSINESS ADDRESS:	
		STREET 1:		3722 ILLINOIS STREET
		CITY:			ST. CHARLES
		STATE:			IL
		ZIP:			60174
		BUSINESS PHONE:		630-513-0399

	MAIL ADDRESS:	
		STREET 1:		3722 ILLINOIS STREET
		CITY:			ST. CHARLES
		STATE:			IL
		ZIP:			60174
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0201</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001454987</cik>
        <entityName>Innovative Financial Private Equity Fund IV, LLC</entityName>
        <issuerAddress>
            <street1>3722 ILLINOIS STREET</street1>
            <street2></street2>
            <city>ST. CHARLES</city>
            <stateOrCountry>IL</stateOrCountry>
            <zipCode>60174</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>630-513-0399</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DE</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <middleName></middleName>
                <lastName>Innovative Wealth Partners, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3722 Illinois Street</street1>
                <street2></street2>
                <city>St. Charles</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60174</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Innovative Wealth Partners, LLC is the Manager of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName></middleName>
                <lastName>Balance</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3722 Illinois Street</street1>
                <street2></street2>
                <city>St. Charles</city>
                <stateOrCountry>IL</stateOrCountry>
                <zipCode>60174</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Mr. Balance is the Managing Member of the Manager of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Private Equity Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001454987-09-000002</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>5100000</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>5100000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>30000</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>true</authorizedRepresentative>
            <signature>
                <issuerName>Innovative Financial Private Equity Fund IV, LLC</issuerName>
                <signatureName>Richard Balance</signatureName>
                <nameOfSigner>Richard Balance</nameOfSigner>
                <signatureTitle>Managing Member of the Manager of the Issuer</signatureTitle>
                <signatureDate>2009-03-03</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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