Hercules Capital, Inc. (NYSE: HTGC) announced on July 28, 2025, that its wholly-owned registered investment adviser, Hercules Adviser LLC, completed the first close of its fourth institutional private credit fund, Hercules Growth Lending Fund IV LP. This marks a significant expansion of its asset management business.
Fund IV is the fourth institutional private credit fund launched by Hercules Adviser in five years, demonstrating a consistent growth trajectory in its advisory segment. With this launch, Hercules Adviser now manages four private credit funds with approximately $1.6 billion in committed debt and equity capital.
Scott Bluestein, CEO and CIO of Hercules, stated that this first close reflects the strength of their differentiated investment platform and partner confidence. The new fund will allow Hercules to further scale its platform and continue financing leading institutionally-backed growth stage companies in technology and life sciences, contributing to over $5.0 billion of assets under management across the platform as of March 31, 2025.
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