Hercules Capital Inc was incorporated in the state of Maryland on December 18, 2003 as Hercules Technology Growth Capital Inc and began its operations in 2004. It is a specialty finance company engaged in providing senior secured venture growth loans to high-growth, venture capital-backed companies in a diversified variety of technology, life sciences and sustainable and renewable technology industries. It is also an internally managed, non-diversified closed-end investment company. The Company invests in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. It also invests in private companies but also have investments in public companies. The Company's investment objective is to maximize its portfolio total return by generating current income from debt investments and capital appreciation from its warrant and equity-related investments. The Company through its subsidiaries also makes investments in qualifying small businesses.
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