PALO ALTO, Calif.– Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has originated more than $1.0 billion year-to-date in annual total debt and equity commitments for the fourth consecutive year.
“We could not be more pleased to achieve this milestone which is a testament to the strength, scale and brand reputation of the Hercules platform,” said Scott Bluestein, chief executive officer and chief investment officer of Hercules Capital. “Given that we are only slightly past the mid-point of the year, we are well positioned to surpass our previous one-year record for total annual total debt and equity commitments of $1.47 billion. We saw strong performance from both our Technology and Life Sciences teams in the first half of the year which is contributing to our record year-to-date performance on originations. Our ability to deliver this level of performance on an ongoing basis is attributable to our best-in-class investment team who are able to identify some of the most innovative and promising companies in our core markets.”
