
Hercules Capital Closes $2.3 Billion Across Two Private Credit Vehicles
Hercules Adviser closed two private credit vehicles in September 2026, raising $2.3 billion. The Evergreen Fund offers perpetual LP access while Growth Lending IV follows a closed-end model.

Claret Capital Closes €575M Fund IV Using ELTIF to Bring Private Wealth Into European Growth Debt
Claret Capital Partners closed its fourth European growth debt fund at €575 million on September 7, 2026, beating a €500 million target and, for the first time, bringing private wealth investors into

Venture Debt: What It Is, Who Uses It, and When It Makes Sense vs. Equity
According to the 2025-2026 Venture Debt Report from Runway Growth Capital and PitchBook , U.S. venture debt reached $68.8 billion in 2025 across approximately 1,000 deals — the highest annual volume o

Venture Debt Explained: When Startups Borrow Instead of Dilute
The US market hit a record $68.8 billion in 2025. Current rates run 10-14% annually with warrant coverage of 0.05-2%, far cheaper than the 15-25% dilution from a typical equity round. SVB's collapse i