Hercules Capital, a specialty financing provider to companies backed by venture capital and select private equity firms, together with external funds managed by its adviser subsidiary, has originated more than $2 billion year to date in annual total gross debt and equity commitments, breaking its previous one-year record of $1.47 billion.
“Having just achieved record quarterly commitments in Q3 2021, our industry-leading venture and growth stage lending platform continues at its unprecedented pace and has now passed the $2 billion mark in annual gross debt and equity commitments for the first time in our history,” Scott Bluestein, CEO and chief investment officer of Hercules Capital, said. “This achievement and the scale that we have achieved in the market is a result of the combination of the quality of our team and our increasing platform capabilities and diversification strategy. Our pipeline remains robust and we will maintain our disciplined approach to underwriting which we believe will serve us and our shareholders and stakeholders well long term.”
