9AT: HERCULES ADVISER LLC

HERCULES ADVISER LLC

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HERCULES ADVISER LLC

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Adviser Profile

Registration status

Registration Changed to HERCULES ADVISER LLC

As of Date	08/29/2020
Adviser Type - Adviser relying on rule 203A-2(c) because you expect to be eligible for SEC registration within 120 days
Number of Employees	3
of those in investment advisory functions	2

AUM^*	0
of that, discretionary
Private Fund GAV^*	0
SMA’s	No
Private Funds	0

Client Types

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Reported AUM

1 1 1 1

2020

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

The Adviser was formed on May 26, 2020. The Adviser is an indirect wholly-owned subsidiary of Hercules Capital, Inc. (“Hercules Capital”). Hercules Capital is an internally managed, non-diversified closed-end investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Hercules Capital is a specialty finance company focused on providing senior secured loans to high-growth, innovative venture capital-backed and institutional capital-backed companies in a variety of technology, life sciences and sustainable and renewable technology industries. As of the date of this Brochure, the Adviser provides investment management services on a discretionary basis and on a non-discretionary basis to institutional private credit funds (the “Funds”). The Adviser may provide investment management services in the future to, without limitation, private funds, registered investment companies, business development companies, and other pooled investment vehicles and institutional investors (through separately managed accounts) (together with the Funds, “Clients”) that invest primarily in debt securities (“Assets”). Client Assets are managed in accordance with the particular investment objectives, strategies,

restrictions and guidelines set forth in each Client’s investment advisory agreement, fund offering materials, supplemental risk and conflicts of interest disclosures, and any other relevant agreements such as a Client’s organizational documents and/or financing transaction documents, as applicable (“Client Governing Documents”), which are made available to investors through the Adviser or another authorized party. The Adviser does not generally tailor its advisory services to the needs of individual investors; however, at the inception of a pooled investment vehicle, specific investment criteria may be established for the pooled investment vehicle in consultation with prospective investors. Prior to investing in a Client, prospective investors should review Client Governing Documents to confirm the suitability of an investment in a Client based on the investor’s particular circumstances. The general partner of each Fund is an affiliate of the Adviser (the “General Partner”); however, the investment management services are performed by the Adviser pursuant to investment management agreements by and between the Adviser and the Funds. As of December 31, 2022, the Adviser managed (i) $490,368,773 on a non-discretionary basis and (ii) $335,699,602 on a discretionary basis.