Tuesday, October 3, 2006

Hercules Raises $124.4M For SBIC

Palo Alto-based Hercules Technology Growth Capital has raised $124.4M for its SBIC program, the firm said today. Hercules, which provides venture debt and equity, said that it raised the $124.4M for its Hercules Technology II fund from the United States Small Business Administration. Hercules provides debt alongside venture-backed companies, and invests in both technology and life sciences firms.