– Hercules Adviser, Hercules Capital’s wholly owned registered investment adviser, surpassed $2.3 billion in investable capital.
– The milestone follows commitments to its newest institutional private credit vehicles, Hercules Evergreen Fund and Hercules Growth Lending IV, as well as a rated securitization.
– Hercules Evergreen Fund is a perpetual, open-end fund, while Hercules Growth Lending IV is a closed-end limited partnership.
– Investors include insurance companies, pension funds, asset managers, foundations and endowments, and family offices.
– The expanded platform gives investors access to Hercules through its publicly traded BDC, perpetual open-end vehicle, rated note investment vehicle, and closed-end private credit vehicles.
– The new vehicles are designed to provide institutional investors with flexible and scalable access to Hercules’ growth-stage credit strategy.
– Scott Bluestein, CEO and CIO, said strong investor interest reflects confidence in Hercules’ approach to growth-stage credit.
– The vehicles will invest across technology and life sciences, providing tailored, non-dilutive capital to high-quality growth companies.
– Hercules focuses on first-lien structures and downside protection.
– Since inception, Hercules Capital and funds managed by Hercules Adviser have committed more than $28.0 billion to over 700 portfolio companies as of June 30, 2026.
