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Hercules Capital Surpasses $2B in Annual Gross Debt and Equity Commitments for First Time in History

November 29, 2021, 08:00 AM
Filed Under: Private Equity News

Hercules Capital announced that it, together with external funds managed by its adviser subsidiary, have originated more than a record $2.0 billion year-to-date in annual total gross debt and equity commitments, breaking its previous one-year record of $1.47 billion.

“Having just achieved record quarterly commitments in Q3 2021, our industry-leading venture and growth stage lending platform continues at its unprecedented pace and has now passed the $2 billion mark in annual gross debt and equity commitments for the first time in our history,” said Scott Bluestein, chief executive officer and chief investment officer of Hercules Capital. “This achievement and the scale that we have achieved in the market is a result of the combination of the quality of our team and our increasing platform capabilities and diversification strategy. Our pipeline remains robust and we will maintain our disciplined approach to underwriting which we believe will serve us and our shareholders and stakeholders well long term.”

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 $13 billion to over 540 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing.

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