Hercules Adviser, the wholly-owned investment adviser of Hercules Capital, has launched its fourth institutional private credit fund, Hercules Growth Lending Fund IV LP (Fund IV). This fund is part of Hercules Adviser’s ongoing strategy, bringing its total managed capital to approximately $1.6 billion across all four funds.
Fund IV will primarily provide venture and growth-stage credit to innovative companies in the technology and life sciences sectors. Leveraging Hercules Capital’s scale and industry relationships, the fund aims to support companies at critical stages of growth.
As of March 31, 2025, Hercules Capital has committed over $22 billion to more than 680 portfolio companies and manages over $5 billion in assets.
KEY QUOTE:
“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. 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.”
Scott Bluestein, chief executive officer and chief investment officer of Hercules
