Hercules Capital announced it originated more than $1.0 billion year-to-date in annual total debt and equity commitments for the fourth consecutive year.
"We could not be more pleased to achieve this milestone which is a testament to the strength, scale and brand reputation of the Hercules platform," said Scott Bluestein, chief executive officer and chief investment officer of Hercules Capital. "Given that we are only slightly past the mid-point of the year, we are well positioned to surpass our previous one-year record for total annual total debt and equity commitments of $1.47 billion. We saw strong performance from both our Technology and Life Sciences teams in the first half of the year which is contributing to our record year-to-date performance on originations. Our ability to deliver this level of performance on an ongoing basis is attributable to our best-in-class investment team who are able to identify some of the most innovative and promising companies in our core markets."
Select Achievements Since December 2003
- More than 530 highly diversified portfolio companies have chosen Hercules as their debt 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 200 Hercules portfolio companies have experienced an IPO or M&A liquidity event
- The U.S. venture capital community has invested over $1.4 trillion since 1997, according to Dow Jones Venture Source and Pitchbook-NVCA Venture Monitor through Q2 2021.