PALO ALTO, Calif.–(BUSINESS WIRE)–Hercules Capital today announced that 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 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 $11.1 billion to over 520 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 under ticker symbol . In addition, Hercules has two retail bond issuances of 5.25% Notes due 2025 and 6.25% Notes due 2033 .
Contacts
Michael Hara
Investor Relations and Corporate Communications
Hercules Capital, Inc.
(650) 433-5578
mhara@htgc.com