Hercules Capital has reached the $25.0 billion milestone in total cumulative debt commitments since its first origination in October 2004.

“We’re incredibly proud to reach this milestone – it reflects the enduring strength, consistency, and impact of the Hercules platform,” said Scott Bluestein, chief executive officer and chief investment officer of Hercules Capital. “From day one, our mission has been to build a company defined by a trusted brand, scalable operations, disciplined underwriting, and a proven track record. Today, those pillars continue to give Hercules a distinct edge in the market, and by every metric, we’ve delivered on that vision.”

Bluestein concluded, “Our success in delivering flexible growth capital to some of the most innovative and disruptive companies in our core sectors over the past 21 years is a direct result of the expertise and dedication of our exceptional investment team and employees. We’re especially grateful for the trust and confidence our portfolio companies and their investors continue to place in us. Their partnership has been instrumental in making this achievement possible.”

Select Achievements Since October 2004

• Approximately a 21-year 41.5% compound annual growth rate in cumulative commitments

• More than 700 highly diversified portfolio companies have chosen Hercules as their growth 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 270 Hercules portfolio companies have experienced an IPO or M&A liquidity event

• ~$5.5 billion in total assets under management (“AUM”), as of September 30, 2025

• Over 60 investment professionals located in the key venture capital markets

Note: All figures represented herein are from October 2004 and as of October 27, 2025 unless otherwise noted.