Hercules Adviser LLC Announces the Closing of Its Inaugural Institutional Private Credit Fund
Hercules Capital (NYSE: HTGC) has announced the successful closing of its first institutional private credit fund by Hercules Adviser LLC, a wholly-owned subsidiary. This milestone allows Hercules to expand its investment platform to meet the needs of venture and growth-stage companies. With a history of over $11.1 billion committed to more than 520 companies, Hercules continues to be a key player in providing senior secured venture growth loans in various sectors, including technology and life sciences.
- Successfully closed inaugural institutional private credit fund.
- Expansion of investment platform to support venture and growth-stage companies.
- Track record of committing over $11.1 billion to more than 520 companies since inception.
- None.
Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”) today announced that Hercules Adviser LLC (“Hercules Adviser”), a wholly-owned subsidiary of Hercules Capital, has successfully closed its inaugural institutional private credit fund.
“We are very pleased to announce that Hercules Adviser has successfully raised and closed its first institutional private credit fund,” stated Scott Bluestein, chief executive officer and chief investment officer of Hercules Capital. “This new private credit fund will allow us to continue to expand and broaden our investment platform while at the same time serving the growing needs of the venture and growth stage companies that we seek to partner with.”
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
Hercules’ common stock trades on the New York Stock Exchange (NYSE) under ticker symbol HTGC. In addition, Hercules has two retail bond issuances of
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210325005197/en/
FAQ
What is Hercules Capital's recent announcement regarding HTGC?
How much has Hercules Capital committed to companies since its inception?
What types of companies does Hercules Capital focus on?
What is the significance of Hercules Adviser LLC for Hercules Capital?
