
Hercules Capital, Inc. (NYSE:HTGC) (&#34;Hercules,&#34; &#34;Hercules Capital,&#34; or the &#34;Company&#34;), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of

<p xmlns="http://www.w3.org/1999/xhtml">
<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.htgc.com%2F&amp;esheet=54478753&amp;newsitemid=20260406611569&amp;lan=en-US&amp;anchor=Hercules+Capital%2C+Inc.&amp;index=1&amp;md5=18fba6ff543ca14645db389f221a827c" shape="rect">Hercules Capital, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/HTGC">HTGC</a>) ("Hercules," "Hercules Capital," or the "Company"), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced it has set a new all-time record of $1.81 billion in new debt and equity commitments for the first quarter of 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Coming off a record-breaking performance for gross new debt and equity commitments and fundings in 2025, our momentum accelerated in Q1 — marked by an all-time high in new debt and equity commitments," said Scott Bluestein, chief executive officer and chief investment officer of Hercules Capital. "This record setting originations performance is a result of our position as the partner of choice for some of the industry's most innovative growth stage companies and the scale and diversification of our direct lending platform, which allows us to continue to support our portfolio companies as they achieve important milestones. We were able to expand commitments to several portfolio companies during Q1 in addition to closing new commitments with 16 new portfolio companies during the first quarter. Our investment teams delivered this new record while remaining focused on the same disciplined underwriting standards that have guided Hercules since inception and remaining focused on a balance between Life Sciences and Technology originations."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Bluestein concluded, "As we look ahead, we believe we are well positioned to benefit from the current market conditions which are creating a more favorable originations environment in 2026. Our platform's scale, balance sheet and liquidity allow us to play offense during market volatility, which should position us to see a robust pipeline of high-quality companies throughout the year."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">New Debt and Equity Commitments for Q1 2026</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
In the three months ended March 31, 2026, Hercules originated $1.81 billion of new debt and equity commitments to 16 new and 12 existing portfolio companies.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Hercules Capital, Inc.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Hercules Capital, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/HTGC">HTGC</a>) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since inception (December 2003), Hercules has committed more than $27 billion to over 700 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Companies interested in learning more about financing opportunities should contact <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:info@htgc.com" shape="rect">info@htgc.com</a>, or call 650.289.3060.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Hercules, through its wholly owned subsidiary business, Hercules Adviser LLC (the "Adviser Subsidiary"), also maintains an asset management business through which it manages investments for external parties ("Adviser Funds"). The Adviser Subsidiary is registered as an investment adviser under the Investment Advisers Act of 1940.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Hercules' common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol "HTGC." In addition, Hercules has one retail bond issuance of 6.25% Notes due 2033 (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/HCXY">HCXY</a>).

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as "anticipates," "believes," "expects," "intends," "will," "should," "may" and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are made only as of the date hereof. Hercules assumes no obligation to update any such statements in the future.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260406611569r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260406611569/en/" rel="nofollow">https://www.businesswire.com/news/home/20260406611569/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Michael Hara
<br xmlns="http://www.w3.org/1999/xhtml"></br>Investor Relations and Corporate Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>Hercules Capital, Inc.
<br xmlns="http://www.w3.org/1999/xhtml"></br>650-433-5578
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:mhara@htgc.com" shape="rect">mhara@htgc.com</a>

</p>

HCXY

Hercules Capital Sets New Record with All-Time High New Debt and Equity Commitments

Hercules Capital Reports Record $1.81 Billion Commitments in Q1 2026

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Hercules Capital, Inc. (NYSE:HTGC) (&amp;#34;Hercules,&amp;#34; &amp;#34;Hercules Capital,&amp;#34; or the &amp;#34;Company&amp;#34;), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Hercules Capital has announced record new debt and equity commitments of $1.81 billion for Q1 2026, signaling robust growth and diversification in its portfolio. This momentum places the company in a strong position to capitalize on favorable market conditions, potentially enhancing its competitive edge and financial performance.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Hercules Capital&#039;s Q1 2026 commitments reached $1.81 billion, a record high.</li><li>The company partnered with 16 new and 12 existing portfolio firms.</li><li>CEO cites favorable market conditions for continued growth in originations.</li><li>Disciplined underwriting ensures portfolio protection and future funding capabilities.</li><li>Hercules aims to leverage its scale and liquidity during market fluctuations.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Hercules Capital, Inc. (HTGC)</strong>: HTGC&#039;s strong performance could positively influence HCXY.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it highlights Hercules Capital&#039;s significant achievements in funding and commitments, which reflect its operational strength and market positioning. Such corporate milestones can lead to positive sentiment and stock performance for associated financial instruments like HCXY.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Record commitments may enhance investor confidence and stock performance.</li><li>Increased deployment of capital could bolster future revenue and earnings prospects.</li><li>Strong performance and disciplined underwriting may lead to price recovery for HCXY.</li><li>Market volatility may create additional opportunities for Hercules to grow commitments.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Hercules Capital originated $1.81 billion in commitments for Q1 2026.</li><li>The company partnered with 16 new firms and expanded commitments with 12 existing ones.</li><li>Total commitments made since inception exceed $27 billion across over 700 companies.</li><li>Hercules has a retail bond issuance of 6.25% Notes due 2033 (HCXY).</li><li>CEO Scott Bluestein expects a favorable environment for originations in 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Invest in HCXY for potential upside as Hercules expands commitments amid favorable market dynamics this year.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.htgc.com%2F&amp;esheet=54478753&amp;newsitemid=20260406611569&amp;lan=en-US&amp;anchor=Hercules+Capital%2C+Inc.&amp;index=1&amp;md5=18fba6ff543ca14645db389f221a827c" shape="rect">Hercules Capital, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/HTGC">HTGC</a>) ("Hercules," "Hercules Capital," or the "Company"), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced it has set a new all-time record of $1.81 billion in new debt and equity commitments for the first quarter of 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Coming off a record-breaking performance for gross new debt and equity commitments and fundings in 2025, our momentum accelerated in Q1 — marked by an all-time high in new debt and equity commitments," said Scott Bluestein, chief executive officer and chief investment officer of Hercules Capital. "This record setting originations performance is a result of our position as the partner of choice for some of the industry's most innovative growth stage companies and the scale and diversification of our direct lending platform, which allows us to continue to support our portfolio companies as they achieve important milestones. We were able to expand commitments to several portfolio companies during Q1 in addition to closing new commitments with 16 new portfolio companies during the first quarter. Our investment teams delivered this new record while remaining focused on the same disciplined underwriting standards that have guided Hercules since inception and remaining focused on a balance between Life Sciences and Technology originations."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Bluestein concluded, "As we look ahead, we believe we are well positioned to benefit from the current market conditions which are creating a more favorable originations environment in 2026. Our platform's scale, balance sheet and liquidity allow us to play offense during market volatility, which should position us to see a robust pipeline of high-quality companies throughout the year."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">New Debt and Equity Commitments for Q1 2026</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
In the three months ended March 31, 2026, Hercules originated $1.81 billion of new debt and equity commitments to 16 new and 12 existing portfolio companies.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Hercules Capital, Inc.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Hercules Capital, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/HTGC">HTGC</a>) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since inception (December 2003), Hercules has committed more than $27 billion to over 700 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Companies interested in learning more about financing opportunities should contact <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:info@htgc.com" shape="rect">info@htgc.com</a>, or call 650.289.3060.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Hercules, through its wholly owned subsidiary business, Hercules Adviser LLC (the "Adviser Subsidiary"), also maintains an asset management business through which it manages investments for external parties ("Adviser Funds"). The Adviser Subsidiary is registered as an investment adviser under the Investment Advisers Act of 1940.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Hercules' common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol "HTGC." In addition, Hercules has one retail bond issuance of 6.25% Notes due 2033 (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/HCXY">HCXY</a>).

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as "anticipates," "believes," "expects," "intends," "will," "should," "may" and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are made only as of the date hereof. Hercules assumes no obligation to update any such statements in the future.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260406611569r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260406611569/en/" rel="nofollow">https://www.businesswire.com/news/home/20260406611569/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Michael Hara
<br xmlns="http://www.w3.org/1999/xhtml"></br>Investor Relations and Corporate Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>Hercules Capital, Inc.
<br xmlns="http://www.w3.org/1999/xhtml"></br>650-433-5578
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:mhara@htgc.com" shape="rect">mhara@htgc.com</a>

</p>

Hercules Capital has announced record new debt and equity commitments of $1.81 billion for Q1 2026, signaling robust growth and diversification in its portfolio. This momentum places the company in a strong position to capitalize on favorable market conditions, potentially enhancing its competitive edge and financial performance.

Hercules Capital Sets New Record with All-Time High New Debt and Equity Commitments

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News