Hercules Adviser LLC is an SEC-registered investment adviser based in San Mateo, CA that reports managing 5 hedge funds on Form ADV. It reports $1.6 billion in regulatory assets under management. Its private funds, of all types, hold $1.6 billion in gross assets.
- Regulatory assets under management
- $1.6 billionForm ADV Item 5.F
- Gross assets of private funds
- $1.6 billionAll private fund types, Form ADV
- Hedge funds managed
- 55 private funds in total
- Employees
- 3Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 310662
- Latest Form ADV
- 03/31/2026Disciplinary disclosures: none reported
Private equity funds filing Form D (2)
Fund
First sale
Raised
Investors
Minimum
Offering
Hercules Growth Lending Fund IV LP
San Mateo, CA506(c)
First saleJul 2025
Raised$86.7M
Investors2
Minimum$10.0M
Offering506(c)
Hercules Growth Lending Fund IV-F LP
San Mateo, CA506(c)
First saleJul 2025
Raised$75.0M
Investors1
Minimum$10.0M
Offering506(c)
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private funds reported on Form ADV (3)
Fund
Gross assets
Minimum
Owners
Adviser
Hercules Private Credit Fund 1, L.P.
Delaware, United StatesHedge fund
Gross assets$537M
MinimumNone set
Owners2
AdviserHercules Adviser LLC
Hercules Private Global Venture Growth Fund I L.P.
Delaware, United StatesHedge fund
Gross assets$442M
MinimumNone set
Owners10
AdviserHercules Adviser LLC
Hercules Venture Growth Credit Opportunities Fund 1 L.P.
Delaware, United StatesHedge fund
Gross assets$102M
MinimumNone set
Owners1
AdviserHercules Adviser LLC
As reported in the adviser's Form ADV filed Mar 27, 2024. Funds also listed from Form D are shown above.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures