Hercules Adviser, the wholly-owned registered investment adviser of Hercules Capital, a specialty finance provider to innovative venture, growth and established stage companies, completed its first close of a fourth institutional private credit fund, Hercules Growth Lending Fund IV LP.
“This first close reflects the strength of our differentiated investment platform and the confidence our partners have in our disciplined approach to venture and growth stage lending,” Scott Bluestein, CEO and chief investment officer of Hercules, said. “We see enormous opportunity to continue to back venture and growth stage technology and life sciences companies, and are grateful for the long-term support of our investors across the Hercules platform. Fund IV will allow us to further scale the platform and continue to finance some of the leading institutionally-backed growth stage companies in the ecosystem.”
The fund will leverage Hercules Capital’s scale, industry relationships and underwriting framework to identify and support companies at inflection points in their growth trajectory. Since inception, Hercules Capital, directly and through investment funds managed by Hercules Adviser, as of March 31, 2025, has committed over $22 billion to more than 680 portfolio companies, with a focus on first-lien structures and downside protection.
Hercules Capital and Hercules Adviser together have over $5 billion of assets under management as of March 31, 2025. With the launch of Fund IV, Hercules Adviser now manages four private credit funds with approximately $1.6 billion in committed debt and equity capital.
