Daily News: October 25, 2012

Hercules Expands Technology Investment, Legal Teams


Hercules Technology Growth Capital announced it has filled six positions to support the continued growth of its portfolio of technology companies. The new hires include seasoned technology executives: Mark Solovy and Derek Jensen, both managing directors, Technology Group and Ben Bang, senior counsel.

“Mark Solovy, Derek Jensen and Ben Bang bring a wealth of expertise and experience to Hercules in working with venture capital-backed, emerging growth companies as well as the venture community. The new hires will add valuable depth to our growing technology team in evaluating new investment opportunities across key markets…,” said Manuel A. Henriquez, Hercules co-founder, chairman and chief executive officer. “With the addition of five investment professionals, plus a senior transaction attorney, Hercules continues to invest in our business to capitalize on the many opportunities we see in the market, as we continue to extend our momentum and portfolio growth into the rest of the year and beyond.”

Solovy brings more than 14 years of experience as a venture capital fund manager, investment banker, attorney and a leading co-investor with many of the largest venture capital firms in the United States and Israel. Having served on the board of directors for numerous venture capital-backed companies, Solovy specializes in structuring complex venture capital financings and M&A transactions. Most recently, Solovy advised venture capital-backed clients in industries including telecommunications, e-commerce, social media and life science as a managing director at Sikich Corporate Finance in Chicago. Solovy received his juris doctor from University of Pennsylvania and a bachelor of science in business administration from Washington University.

Jensen comes to Hercules with 17 years of experience in technology, investment banking and intellectual property management. He previously worked in technology groups at leading global investment banks and as a lead engineer for Motorola. As a senior executive at Citigroup and UBS, Jensen initiated and led executions in M&A, IPO, follow-on financing and debt transactions. He holds a master’s and bachelor’s degree in mechanical engineering from the University of Illinois at Chicago and University of Minnesota, respectively, and a master of business administration from the University of Chicago.

Bang joins Hercules with more than 13 years of legal experience, most recently from Chapman and Cutler LLP in San Francisco, where he represented and advised the firm’s major banking clients. Previously Bang was an attorney with Bingham McCutchen LLP and subsequently with Cooley Godward Kronish LLP, where he worked with public and private companies across a range of industries on financings and commercial transactions. Bang earned his juris doctor from Washington University and received his bachelor of arts in molecular and cell biology, and a bachelor of science in economics from the University of California at Berkeley.

In addition to Solovy, Jensen and Bang, Lesya Kulchenko, Vincent Tsai and Andrew Merget have also joined Hercules as senior associates in the technology investment team.