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Hercules Capital Unveils Growth Lending Fund IV for Investors - InforCapital

Hercules Adviser completes first close of its fourth private credit fund, managing $1.6B in committed capital for venture lending.

AM
Alvaro de la Maza

Partner at Aninver

Key Takeaways

  • Geography: United States.

Analysis

Hercules Adviser LLC, the wholly-owned investment adviser of Hercules Capital, Inc. (NYSE: HTGC), has announced the first close of its newest venture and growth stage lending vehicle, Hercules Growth Lending Fund IV LP.

With this launch, the firm now manages four institutional private credit funds, collectively overseeing approximately $1.6 billion in committed debt and equity capital. The new fund is designed to support innovative companies at key stages of expansion across the technology and life sciences sectors.

"This milestone validates our strategy and the confidence of our institutional partners," said Scott Bluestein, CEO and CIO of Hercules. "Fund IV gives us greater capacity to back high-growth, venture-backed companies poised for transformative growth."

The fund will draw on Hercules Capital’s extensive market experience, deep venture relationships, and a rigorous credit framework to identify promising businesses with significant upside potential.

Since its inception, Hercules Capital and its adviser have committed over $22 billion to more than 680 companies, positioning the firm as a top-tier lender in the venture credit space. As of March 31, 2025, total assets under management across Hercules Capital and Hercules Adviser exceed $5.0 billion.

Hercules continues to distinguish itself by focusing on first-lien lending structures and downside protection, while maintaining strong relationships with leading venture capital and private equity firms.