Report|10 Sep 2025

Hercules Capital, Inc. Surveillance Report

Company Profile

  • Incorporated as a Maryland Corporation in December 2003, Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or “the company”) is a non-diversified, publicly traded, closed end, internally managed investment management company regulated as a business development company (“BDC”) under the Investment Company Act of 1940. Also, the company has elected to be subject to tax as a regulated investment company (“RIC”).
  • The company is headquartered in San Mateo, CA with offices in Boston, MA, New York, NY, San Diego, CA, Denver, CO, and London.
  • As of June 30, 2025, the company had equity of $2.15 billion, a market capitalization of $3.31 billion (July 28, 2025), and $4.18 billion of total investments at fair value (“FV”).
  • The company is focused on providing senior secured first lien loans to portfolio companies primarily in the life sciences and technology venture capital (VC) direct lending market.
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