Investment Advisor at Hercules Capital Announces Successful Closure of a Fourth Private Fund, Amassing a Total Value of $1.6 Billion
Hercules Adviser, a wholly-owned investment adviser of Hercules Capital, has recently completed the first close of its fourth institutional private credit fund, the Hercules Growth Lending Fund IV LP (Fund IV). This new fund aims to provide venture and growth stage credit to technology and life sciences companies at critical stages of growth.
Scott Bluestein, CEO and CIO of Hercules, expressed his excitement about the first close of Fund IV, highlighting the potential it holds for further scaling the platform. The fund's strategy is centered around rigorous underwriting, leveraging Hercules Capital's extensive industry relationships, and a disciplined approach to identify and back institutionally-backed companies in these sectors.
Fund IV is part of Hercules Adviser's ongoing strategy and brings the total managed capital to approximately $1.6 billion across all four funds. Since its inception, Hercules Capital has committed over $22 billion to more than 680 portfolio companies, indicating a large, experienced platform backing Fund IV.
The fund is designed to target venture and growth-stage companies within technology and life sciences, with a focus on companies at inflection points in their growth trajectory. It aims to provide credit that supports further scaling and innovation.
Hercules Capital's long-term supporters across the platform have expressed their confidence in the fund, marking a continued commitment from the company to the private credit market. The success or failure of Fund IV is not predicted or specified in the given information.
The launch of Fund IV is a testament to Hercules Adviser's dedication to the private credit market, having launched four institutional private credit funds within five years. The fund will finance some of the leading institutionally-backed growth stage companies in the ecosystem.
Partners who have confidence in Hercules' disciplined approach to venture and growth stage lending have shown their support for Fund IV. As of March 31, 2025, Hercules Capital manages over $5 billion in assets, further emphasizing the strength of its investment platform.
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- Scott Bluestein, CEO and CIO of Hercules, stated that the fund's strategy will utilize technology for rigorous underwriting and leverage Hercules Capital's extensive industry relationships in both technology and life sciences sectors, with the aim of investing in institutionally-backed companies.
- Following the launch of Fund IV, investors will have the opportunity to invest in technology and life sciences companies, as the fund focuses on providing venture and growth stage credit to businesses at critical stages of growth, specifically those at inflection points in their growth trajectory.
