Investment Advisor of Hercules Capital Announces Successful Closure of Fourth Private Fund: Raising a Total of $1.6 Billion
Hercules Capital Launches Growth Lending Fund IV LP
Hercules Capital, a leading provider of venture and growth stage financing, has recently launched its fourth institutional private credit fund, named Hercules Growth Lending Fund IV LP (Fund IV). The fund completed its first close with approximately $1.6 billion in committed debt and equity capital from leading institutional investors.
Fund IV primarily provides venture and growth-stage credit to innovative companies in the technology and life sciences sectors, aiming to support companies at critical stages of growth. The fund leverages Hercules Capital’s extensive industry relationships, disciplined underwriting framework, and scale to identify and support portfolio companies.
Scott Bluestein, CEO and CIO of Hercules, expresses confidence in the strength of their investment platform for venture and growth stage lending. He highlights the opportunity to continue backing venture and growth stage technology and life sciences companies, seeing enormous potential for Fund IV to make a significant impact in the industry.
Hercules Adviser, the wholly-owned investment adviser of Hercules Capital, now manages four private credit funds with total committed capital around $1.6 billion. Hercules Capital, together with its investment adviser, manages over $5 billion in assets as of March 31, 2025. Since inception, Hercules Capital has committed over $22 billion to more than 680 portfolio companies, focusing largely on first-lien debt structures with downside protection.
The launch of Fund IV indicates Hercules Capital's continued commitment to investing in innovative technology and life sciences companies. The fund reflects investor confidence in Hercules Capital’s specialized approach to venture and growth stage lending.
As Hercules Growth Lending Fund IV LP begins active deployment, it is poised to further scale Hercules Capital's platform and continue financing leading institutionally-backed growth stage companies.
[1] Hercules Capital Press Release, "Hercules Capital Announces First Close of Hercules Growth Lending Fund IV LP," 2025. [2] GlobeNewswire, "Hercules Capital Announces First Close of Hercules Growth Lending Fund IV LP," 2025. [3] PR Newswire, "Hercules Capital Announces First Close of Hercules Growth Lending Fund IV LP," 2025. [4] BusinessWire, "Hercules Capital Announces First Close of Hercules Growth Lending Fund IV LP," 2025.
Hercules Capital's fourth institutional private credit fund, Fund IV, is primarily invested in venture and growth-stage businesses within the technology and life sciences sectors, showcasing its focus on business expansion. This significant investment round, totaling approximately $1.6 billion, underscores investor confidence in Hercules Capital's financing capabilities and specialized approach to venture and growth stage lending.
