Hercules Capital Celebrates 20th Anniversary with $20.0 Billion in Cumulative Originations

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), is celebrating its 20^th 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 20^th 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

• More than $20.0 billion in total gross debt commitments since October 2004
• Achieved a 20-year 42.6% compound annual growth rate in cumulative commitments
• Approximately $4.5 billion of assets under management
• Partnered with over 650 portfolio companies and more than 1,000 venture capital and private equity firms
• Over 250 portfolio company IPO or M&A exit events

Experienced, diverse, and growing team committed to the growth stage ecosystem