Hercules Capital Expands Investment Reach with Launch of Growth Lending Fund IV LP
Private equity fund reaches $1.6 billion closing, as confirmed by Hercules Capital's advisor.
Hercules Capital, a leading venture and growth-stage investment firm, has announced the launch of its fourth institutional private credit fund, the Hercules Growth Lending Fund IV LP (Fund IV). This development marks a significant step in Hercules' strategy to support innovative companies in the technology and life sciences sectors.
Capital Raising and Focus
The fund has successfully raised approximately $1.6 billion in committed debt and equity capital, reflecting the faith of leading institutional investors in Hercules Capital's investment platform. Fund IV will primarily focus on providing venture and growth-stage credit to companies in the technology and life sciences sectors, aligning with Hercules Capital's expertise in supporting companies at critical stages of growth.
Leveraging Industry Relationships and Disciplined Approach
The fund will leverage Hercules Capital's extensive industry relationships to identify and support companies at inflection points in their growth trajectory. This is coupled with a disciplined approach to venture and growth-stage lending, which is recognized as a strength of Hercules Capital's differentiated investment platform.
Scaling the Platform
The launch of Fund IV allows Hercules Capital to further scale its platform, continuing to finance leading growth-stage companies in the ecosystem. Scott Bluestein, the CEO and CIO of Hercules, expressed confidence in the strength of their investment platform for venture and growth-stage lending and acknowledged the long-term support of Hercules' investors across all funds.
As of March 31, 2025, Hercules Capital has committed over $22 billion to more than 680 portfolio companies. With over $5 billion in assets under management, Hercules Capital is well-positioned to capitalize on the growth opportunities in the technology and life sciences sectors, using its robust industry relationships and rigorous underwriting practices to support innovative companies.
Fund IV is expected to finance some of the leading institutionally-backed growth-stage companies in the ecosystem, further solidifying Hercules Capital's role as a key player in the venture and growth-stage investment landscape.
[1] Hercules Adviser's ongoing strategy brings its total managed capital to approximately $1.6 billion across all four funds. [2] Hercules Adviser has launched its fourth institutional private credit fund, named Hercules Growth Lending Fund IV LP (Fund IV). [3] Scott Bluestein, the CEO and CIO of Hercules, expresses confidence in the strength of their investment platform for venture and growth-stage lending. [4] According to Scott Bluestein, Fund IV will aid in further scaling the Hercules platform. [5] Scott Bluestein acknowledges the long-term support of Hercules' investors across all funds. [6] Hercules Capital manages over $5 billion in assets as of March 31, 2025. [7] Fund IV will primarily provide venture and growth-stage credit to companies in the technology and life sciences sectors. [8] Scott Bluestein, the CEO and CIO of Hercules, expresses confidence in the strength of their investment platform for venture and growth-stage lending. [9] Fund IV is expected to finance some of the leading institutionally-backed growth-stage companies in the ecosystem. [10] No new financial figures or commitments were mentioned in the quote. [11] As of March 31, 2025, Hercules Capital has committed over $22 billion to more than 680 portfolio companies.
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