Daily News: September 30, 2014

Hercules Sees Strong Q3 Origination Activity

Hercules Technology Growth Capital announced its Q3/14 portfolio update. As of September 29, 2014, Hercules originated approximately $147 million of debt commitments to new and existing portfolio companies.

“The strong origination activity in the third quarter puts Hercules on track to achieve annual new commitments of approximately $700 million to $850 million for 2014, subject to market conditions,” said Manuel A. Henriquez, chairman and chief executive officer of Hercules. “This growth is fueled by our strong reputation and brand recognition coupled with our ability to work in concert with entrepreneurs and their venture capital sponsors by providing creative and flexible financing solutions.

To read the entire press release, click here.