Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), is celebrating its 20th year of originations activity by reaching the $20.0 billion milestone in total debt commitments.
Founded in December 2003, and originating its first deal in 2004, the Company’s mission was simple: Provide entrepreneurs with an alternative source of growth capital that complements a growth stage company’s existing institutional financing. Today, Hercules Capital is the largest and leading specialty financing provider to innovative venture, growth and established stage companies, having partnered with over 650 technology and life sciences portfolio companies and more than 1,000 venture capital and private equity firms.
“2024 marks our 20th year investing in the venture and growth stage asset class over which time we’ve committed more than $20.0 billion in capital, representing a remarkable milestone for our Company,” stated Scott Bluestein, chief executive officer and chief investment officer of Hercules. “Our scale, institutionalized lending platform and our ability to capitalize on competitive, rapidly changing macro environments continue to drive our business forward and our operating performance to record levels. Our multiple decade track record of success is attributable to the tremendous dedication, efforts and capabilities of our employees, and the trust that our venture capital and private equity partners place with us every day. As an internally managed platform, we offer solutions, strategic agility and shareholder alignment that differentiate us from the broader industry. We are thankful to the many companies, management teams and investors that continue to make Hercules their partner of choice.”
Scale, diversification, disciplined underwriting and a credit driven culture
Experienced, diverse, and growing team committed to the growth stage ecosystem
Strong and stable balance sheet supports continued platform growth
Delivering solutions for growth stage companies and their institutional investors
Commitment to delivering strong, consistent Total Shareholder Returns (TSR)
Note: All figures represented herein are from October 2004 and as of April 23, 2024 unless otherwise noted
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology, life sciences and sustainable and renewable technology industries. Since inception (December 2003), Hercules has committed over $20.0 billion to over 650 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Companies interested in learning more about financing opportunities should contact [email protected], or call 650.289.3060.
Hercules, through its wholly owned subsidiary business, Hercules Adviser LLC (“Hercules Adviser”), also maintains an asset management business through which it manages investments for external parties (“Adviser Funds”). Hercules Adviser is registered as an investment adviser under the Investment Advisers Act of 1940.
Hercules’ common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol “HTGC.” In addition, Hercules has one retail bond issuance of 6.25% Notes due 2033 (NYSE: HCXY).
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may” and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are made only as of the date hereof. Hercules assumes no obligation to update any such statements in the future.
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Michael Hara
Investor Relations and Corporate Communications
Hercules Capital, Inc.
650-433-5578
[email protected]