Hercules Adviser Launches Fourth Institutional Private Credit Fund, Raises $1.6B in Committed Capital.

Hercules Capital's wholly-owned investment adviser, Hercules Adviser LLC, has launched its fourth institutional private credit fund, Hercules Growth Lending Fund IV LP. The fund has completed its first close with leading institutional investors and aims to utilize Hercules Capital's extensive industry relationships and rigorous underwriting to identify companies at critical growth junctures. Hercules Adviser now manages four private credit funds with a total of approximately $1.6 billion in committed debt and equity capital.

Hercules Capital, Inc. (NYSE: HTGC) has announced that its wholly-owned investment adviser, Hercules Adviser LLC, has successfully completed the first close of Hercules Growth Lending Fund IV LP (Fund IV). The fund, a venture and growth stage credit fund, marks the fourth institutional private credit fund launched by Hercules Adviser in the past five years. The fund has attracted leading institutional investors, reflecting the strength of Hercules Capital's differentiated investment platform and disciplined approach to venture and growth stage lending [1].

Hercules Capital's CEO and Chief Investment Officer, Scott Bluestein, expressed optimism about the fund's potential. "This first close reflects the confidence our partners have in our platform and our approach to venture and growth stage lending," he said. "We see enormous opportunity to continue to back companies at inflection points in their growth trajectory."

Fund IV will leverage Hercules Capital's extensive industry relationships and rigorous underwriting framework to identify and support companies at critical growth junctures. Since its inception, Hercules Capital, directly and through investment funds managed by Hercules Adviser LLC, has committed over $22.0 billion to more than 680 portfolio companies, with a focus on first-lien structures and downside protection [2].

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. This brings Hercules Capital's total assets under management to over $5.0 billion as of March 31, 2025 [1].

Hercules Capital is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since its inception in December 2003, Hercules has committed more than $22 billion to over 680 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing [2].

References:
[1] https://investor.htgc.com/news-events/press-releases/detail/567/hercules-capitals-wholly-owned-investment-adviser
[2] https://www.morningstar.com/news/business-wire/20250728659451/hercules-capitals-wholly-owned-investment-adviser-launches-fourth-institutional-private-credit-fund