About This Fund
Hercules Growth Lending Fund IV LP (Fund IV) achieved its first institutional close on July 28, 2025, under the management of Hercules Adviser LLC, the wholly-owned registered investment adviser of Hercules Capital. This marks the fourth private credit fund launched within five years and raises the cumulative committed capital across its four funds to approximately $1.6 billion.
The fund leverages Hercules Capital’s scale, deep industry relationships, and rigorous underwriting framework to deploy first-lien venture and growth-stage loans, prioritizing downside protection. As of March 31, 2025, the firm has committed over $22 billion to more than 680 portfolio companies, with total assets under management exceeding $5 billion.
Fund IV is focused on financing innovative, venture-backed technology and life sciences companies at critical growth inflection points. With institutional backing, it aims to scale Hercules’s platform further and support leading high-growth enterprises backed by top-tier venture firms.