Hercules Capital

The company was formed with Manuel A. Henriquez as a co-founder. It was originally named Hercules Technology Growth Capital.⁠[1][2]

Its first debt investment was a $1.7 million loan commitment to Affinity Express.⁠[1]

The company completed its Nasdaq IPO under the ticker HTGC.⁠[1]

The company received its first Small Business Administration investment company license, followed by a second in September 2009.⁠[1]

Hercules began trading on the New York Stock Exchange, retaining the HTGC ticker.⁠[2]

The company changed its name from Hercules Technology Growth Capital to Hercules Capital without changing its ticker.⁠[3]

The board appointed Scott Bluestein CEO and president and elected him a director; he retained the chief investment officer role. He had served as interim CEO since March. Hercules separated the chairman and CEO roles, with Robert P. Badavas becoming chairman in May.⁠[4][5]

The U.S. Justice Department reported that Manuel Henriquez received six months in prison, two years of supervised release and a $200,000 fine in the college admissions case. He had pleaded guilty in October 2019 to fraud and money-laundering conspiracies. The sentence concerned Henriquez personally.⁠[6]

Wholly owned Hercules Adviser announced the closing of its first institutional private credit fund, expanding capital management beyond the listed company.⁠[7]

Former CFO Seth Meyer became president, and Andrew Olson became CFO and head of corporate development. Scott Bluestein remained CEO and chief investment officer. Announced on May 4, the appointments took effect on May 18.⁠[8]

Hercules reported second-quarter investment income of $149.1 million and net investment income of $92.9 million, or $0.50 per share. Combined assets under management for Hercules and its adviser were approximately $6.1 billion. First-lien senior secured loans represented 86.8% of the debt portfolio. Net investment income uses the company’s NII measure.⁠[9]

Hercules announced that its adviser’s investable capital exceeded $2.3 billion. Sources included the newly raised Hercules Growth Lending IV, an open-ended evergreen fund and a rated securitization. Investable capital and assets under management are distinct measures.⁠[10]

Hercules Capital participated in debt financing for Capitolis.⁠[11]

Hercules completed a $400 million offering of unsecured notes bearing 6.700% interest and maturing on October 8, 2029. Proceeds were designated for debt repayment, investments and general corporate purposes.⁠[12]

Hercules is an internally managed business development company providing senior secured loans to growth companies in technology and life sciences. Financing supports working capital, cash runway, acquisitions and equipment, and may include warrants or equity investments. Its headquarters are in San Mateo, California.⁠[13][9]

Hercules produces Ventured Growth, hosted by Catherine Jhung and Eddie Lopez, featuring executives and investors. Episode 41, released on October 6, 2026, featured ClickUp’s Dan Zhang; its description focused on organizational experience with AI deployment. Earlier guests included Fin’s Dan Griggs, Paula Soteropoulos and Eight Sleep’s Nick Chammas.⁠[14]

Website: https://www.htgc.com/ (opens in a new window). Investor relations: https://investor.htgc.com/ (opens in a new window). LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: https://www.linkedin.com/company/hercules-capital/ (opens in a new window). The corporate website links to this LinkedIn page, which publishes financing transactions and team activities.⁠[13][15]