Hercules Capital Reaches $1.0 Billion Milestone in Annual Debt and Equity Commitments for the Fourth Consecutive Year
August 02 2021 - 5:00AM
Business Wire
The Hercules team would like to sincerely thank
its diversified group of innovative entrepreneurs and seasoned
operating executives and their venture capital partners and
financial sponsors for their continued support.
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.”
Select Achievements Since December 2003
- More than 530 highly diversified portfolio companies have
chosen Hercules as their debt financing partner
- Partnered with more than 1,000 different venture capital and
private equity sponsors who have backed the innovative growth
portfolio companies we have financed
- Over 200 Hercules portfolio companies have experienced an IPO
or M&A liquidity event
- The U.S. venture capital community has invested over $1.4
trillion since 1997, according to Dow Jones Venture Source and
Pitchbook-NVCA Venture Monitor through Q2 2021.
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 more than $12.0
billion to over 530 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 info@htgc.com, or call
650.289.3060.
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. You should understand that under Section 27A(b)(2)(B) of
the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of
the Securities Exchange Act of 1934, as amended, or the Exchange
Act, the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 do not apply to forward-looking
statements made in periodic reports we file under the Exchange
Act.
The information disclosed in this press release is made as of
the date hereof and reflects Hercules’ most current assessment of
its historical financial performance. Actual financial results
filed with the SEC may differ from those contained herein due to
timing delays between the date of this release and confirmation of
final audit results. These forward-looking statements are not
guarantees of future performance and are subject to uncertainties
and other factors that could cause actual results to differ
materially from those expressed in the forward-looking statements
including, without limitation, the risks, uncertainties, including
the uncertainties surrounding the current market volatility, and
other factors the Company identifies from time to time in its
filings with the SEC. Although Hercules believes that the
assumptions on which these forward-looking statements are based are
reasonable, any of those assumptions could prove to be inaccurate
and, as a result, the forward-looking statements based on those
assumptions also could be incorrect. You should not place undue
reliance on these forward-looking statements. The forward-looking
statements contained in this release are made as of the date
hereof, and Hercules assumes no obligation to update the
forward-looking statements for subsequent events.
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version on businesswire.com: https://www.businesswire.com/news/home/20210802005070/en/
Michael Hara Investor Relations and Corporate Communications
Hercules Capital, Inc. 650-433-5578 mhara@htgc.com
Hercules Capital (NYSE:HTGC)
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