Firms

Hercules Capital, Inc.

Hercules Capital, Inc.

San Mateo, California, United States

htgc.cominvestor.htgc.com

Hercules Capital, Inc. (NYSE: HTGC) is a publicly traded, internally managed business development company and specialty venture lender founded in December2003. It provides senior secured loans and related equity and warrant investments to venture-backed technology and life-sciences companies. Its current published team comprises 45 executives and lending/operating professionals; its board includes CEO/CIO Scott Bluestein and seven additional directors. Seth Meyer became president and Andrew Olson CFO effective May18,2026. Relevant borrowers and historical portfolio companies include Alamar Biosciences, neuroscience and psychiatric drug developers, surgical robotics and AI software businesses. Principal offices are in San Mateo, California. The company also owns Hercules Adviser LLC, a separately registered investment adviser managing external institutional private-credit vehicles; those vehicle identities and amounts are qualified separately. Legally the parent is a public BDC and specialty finance corporation. Loan commitments, credit-facility limits, portfolio principal and assets under management are not additional cash fundraising. The October5,2026 priced USD400million notes announcement is pending closing as of this audit and is not treated as completed financing. Completed financing includes a USD78million gross IPO in June2005 and recent closed unsecured note issues of USD287.5million in March2025, USD350million in June2025, USD300million in February2026 and USD325million in July2026.

Founded
2003
Type
Venture capital

Funds3

  • Hercules Evergreen Fund—

    Own September9,2026 confirms actual closed equitycommitments in newlylaunched perpetualopenendedvehicle, fifthadviserinstitutionalfund. AmountNULL;2.3B combinedinvestablecapital/6.1BAUM not fundraise. LegaloperatorHerculesAdviserLLC.

  • Hercules Growth Lending Fund IV LP—

    Own July28,2025 confirms actual firstclose of fourthinstitutionalfund; September9,2026 further equitycommitmentsclosed. Individualcap undisclosedNULL;1.6B acrossfourfunds and2.3B investablecapital includingdebt are not this fund size. Legal adviser whollyownedHerculesAdviserLLC distinctparent.

  • Hercules Adviser Inaugural Institutional Private Credit Fund (2021)—

    Own parent March25,2021 release confirms subsidiaryHerculesAdviserLLC actually closed its inaugural institutionalprivatecreditfund. Exact legalLP name and closedcommitment amount not disclosed in this release, amountNULL. Groupplatform association; subsidiary is legalregisteredadviser.

Team

Operations and support

Adam SollerAdam SollerManaging Director
Alexandra HendersonAlexandra HendersonVice President
Alfred B. FicheraAlfred B. FicheraIndependent Director
Andrew OlsonAndrew OlsonChief Financial Officer
Brian PowersBrian PowersManaging Director
Briana GirondaBriana GirondaPrincipal
Catherine JhungCatherine JhungSenior Managing Director
Charlie VandisCharlie VandisChief Credit Officer
Christian FollmannChristian FollmannChief Operating Officer
Cristy BarnesCristy BarnesManaging Director
DeAnne AguirreIndependent Director
Eddie LopezEddie LopezPrincipal
Ella AdhananElla AdhananManaging Director
Gayle CrowellIndependent Director
Greg PetersonGreg PetersonManaging Director
Greyson ZatzickGreyson ZatzickVice President
James DowningJames DowningManaging Director
James FeldmanJames FeldmanPrincipal
Jasmine SaadatiJasmine SaadatiDirector, Corporate Development
Jeffrey RaltoJeffrey RaltoManaging Director
John EggbeerJohn EggbeerManaging Director
John MiottiJohn MiottiPrincipal
John O’LearyJohn O’LearyVice President
Joshua ColemanJoshua ColemanManaging Director, Credit
Kate KinlinKate KinlinVP, Human Resources
Kiersten Zaza BotelhoKiersten Zaza BotelhoChief Legal Officer and Chief Compliance Officer
Lake McGuireLake McGuireManaging Director
Lesya KulchenkoLesya KulchenkoManaging Director
Max KriegMax KriegVice President
Michael BowdenMichael BowdenManaging Director, Portfolio Mgmt
Michael HaraMichael HaraManaging Director, Investor Relations and Corporate Communications
Michael McMahonMichael McMahonManaging Director
Mike DutraMike DutraSenior Managing Director and Senior Investment Officer
Mike WillardMike WillardManaging Director
Morgan RussomMorgan RussomManaging Director
Naomi ChengNaomi ChengCorporate Controller
Nikos TheodosopoulosNikos TheodosopoulosIndependent Director
Noah CarvilleNoah CarvilleManaging Director
Paul SohnPaul SohnManaging Director, Credit
R. Bryan JadotR. Bryan JadotSenior Managing Director and Group Head - Life Sciences
Robert P. BadavasChairman of the Board
Roy Y. LiuRoy Y. LiuManaging Director
Ruslan SergeyevRuslan SergeyevManaging Director
Scott BluesteinScott BluesteinChief Executive Officer and Chief Investment Officer
Seth MeyerSeth MeyerPresident
Steve KuoSteve KuoSenior Managing Director and Group Head - Technology
Tess AlongeTess AlongeVice President
Thomas HarrisThomas HarrisSenior Managing Director
Thomas J. FallonIndependent Director
Tom HertzbergTom HertzbergManaging Director
Wade LooIndependent Director
Zach NorrisZach NorrisManaging Director, Credit

Co-investing

ARCH Venture Partners
Founders Fund
Khosla Ventures
Bain Capital
Accel

Investments

$67M2021-05-19HiberCellARCH Venture Partners, Hercules Capital, Inc., Magnetic Ventures, Bristol Myers Squibb, Tekla Capital Management, Raptor Group
$80M2020-12-08SingleStoreAccel, Dell Technologies Capital, REV Venture Partners, Hercules Capital, Inc., Glynn Capital, Insight Partners, GV (Google Ventures), GV, Axel Springer
$—2019-04-29908 DevicesARCH Venture Partners, Casdin Capital, Hercules Capital, Inc., Tao Capital Partners, Northpond Ventures, Razor's Edge Ventures
$33M2018-12-06ContentfulGeneral Catalyst, Benchmark, Hercules Capital, Inc., Salesforce Ventures, OMERS Ventures, Balderton Capital
$33M2015-08-25031 ModumetalFounders Fund, Hercules Capital, Inc., Alliance of Angels, bp ventures, Second Avenue Partners, ConocoPhillips
$33M2015-08-25ModumetalFounders Fund, Hercules Capital, Inc., Alliance of Angels, bp ventures, Second Avenue Partners, ConocoPhillips
$80M2013ClarabridgeGeneral Catalyst, Hercules Capital, Inc., Boulder Ventures, Summit Partners
$26M2012-09-18Virident SystemsSequoia, Hercules Capital, Inc., Globespan Capital Partners
$18M2012QuanterixARCH Venture Partners, Hercules Capital, Inc., In-Q-Tel
$2M2011-12-29Just.meKhosla Ventures, Hercules Capital, Inc., True Ventures