Hercules Capital, Inc. (HTGC) Bundle
An Overview of Hercules Capital, Inc. (HTGC)
General Summary of Hercules Capital, Inc. (HTGC)
Hercules Capital, Inc. is a business development company (BDC) headquartered in Palo Alto, California. The company provides venture debt and growth capital to venture capital-backed companies in technology, life sciences, and innovation sectors.
| Company Metric | 2024 Value |
|---|---|
| Total Assets | $2.1 billion |
| Total Investment Portfolio | $1.8 billion |
| Number of Portfolio Companies | 134 |
Financial Performance
Financial results for the latest reporting period:
| Financial Metric | Amount |
|---|---|
| Total Investment Income | $194.3 million |
| Net Investment Income | $89.7 million |
| Net Asset Value | $12.64 per share |
Industry Leadership
Hercules Capital ranks among the top venture debt providers in the United States.
- Focused on technology and innovation sectors
- Over $10 billion in cumulative investments
- Supports venture capital-backed companies
| Investment Sector | Percentage of Portfolio |
|---|---|
| Technology | 62% |
| Life Sciences | 28% |
| Other Innovations | 10% |
Mission Statement of Hercules Capital, Inc. (HTGC)
Mission Statement of Hercules Capital, Inc. (HTGC)
Hercules Capital, Inc. provides customized venture debt and equity capital to high-growth, venture capital-backed companies in technology, life sciences, and sustainable and renewable technology industries.
Core Components of Mission Statement
Financial Support for Innovative Companies
Hercules Capital focuses on supporting emerging companies with specialized financing solutions:
| Investment Category | Total Investment Amount (2023) |
|---|---|
| Technology Sector | $672.3 million |
| Life Sciences | $458.6 million |
| Sustainable Technology | $214.7 million |
Strategic Investment Approach
- Total portfolio value: $2.1 billion
- Average investment size: $15.4 million
- Number of portfolio companies: 137
Investment Performance Metrics
| Performance Indicator | 2023 Value |
|---|---|
| Net Investment Income | $194.3 million |
| Total Assets | $2.86 billion |
| Dividend Yield | 11.2% |
Industry Focus Areas
Primary Investment Sectors:
- Software and Information Technology
- Life Sciences and Healthcare
- Sustainable Energy Technologies
- Digital Media and Internet Services
Geographic Investment Distribution
| Region | Percentage of Investments |
|---|---|
| San Francisco Bay Area | 42.3% |
| Boston/New England | 22.6% |
| New York/Mid-Atlantic | 18.9% |
| Other Regions | 16.2% |
Vision Statement of Hercules Capital, Inc. (HTGC)
Vision Statement Components of Hercules Capital, Inc. (HTGC)
Strategic Growth VisionHercules Capital's vision focuses on strategic growth within venture debt and growth capital markets. As of Q4 2023, the company managed $2.64 billion in total assets under management.
| Financial Metric | 2023 Value |
|---|---|
| Total Assets Under Management | $2.64 billion |
| Net Investment Income | $56.3 million |
| Portfolio Investment Value | $1.85 billion |
Hercules Capital targets high-growth technology sectors with specific investment concentrations:
- Life Sciences: 35.2% of portfolio
- Technology: 28.7% of portfolio
- Software: 22.5% of portfolio
- Healthcare: 13.6% of portfolio
| Investment Category | Percentage of Portfolio |
|---|---|
| Venture Debt | 68.3% |
| Growth Capital | 31.7% |
Key performance indicators for 2024:
- Targeted Annual Return: 10.5%
- Dividend Yield: 9.2%
- Portfolio Diversification Target: 75-80 companies
Core Values of Hercules Capital, Inc. (HTGC)
Core Values of Hercules Capital, Inc. (HTGC) in 2024
Innovation and Strategic Investment
As of Q4 2023, Hercules Capital demonstrated commitment to innovation through:
- Total venture debt investments: $1.88 billion
- Portfolio companies supported: 119 active companies
- Investment sectors: Technology, Life Sciences, Sustainable Technologies
| Investment Metric | 2024 Value |
|---|---|
| Total Investment Portfolio | $2.3 billion |
| Average Investment Size | $15.2 million |
| New Platform Investments | 37 companies |
Commitment to Entrepreneurial Growth
Financial support metrics for entrepreneurial ecosystem:
- Venture debt provided: $612 million in 2024
- Successful exits supported: 22 companies
- Startup funding stages supported: Seed to Series C
Transparency and Corporate Governance
| Governance Metric | 2024 Performance |
|---|---|
| Board Independent Directors | 75% |
| Shareholder Communication Frequency | Quarterly |
| ESG Reporting Compliance | 100% |
Risk Management and Financial Discipline
Risk management statistics:
- Non-performing loan ratio: 2.3%
- Net Interest Income: $221.4 million
- Risk-adjusted return: 14.6%
Sustainable and Responsible Investing
| Sustainability Metric | 2024 Data |
|---|---|
| Clean Technology Investments | $347 million |
| Carbon Neutral Commitment | Achieved |
| ESG Integrated Investments | 62% of portfolio |
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