other material
confidence high
sentiment positive
materiality 0.65
Hercules Capital has no SVB exposure, earmarks $50M for short-term loans to affected firms
Hercules Capital, Inc.
- No cash or banking relationship with Silicon Valley Bank; no direct operational impact expected.
- Ended 2022 with $3.6B AUM (+29.3% YoY) and $606M liquidity; $1.0B including adviser funds.
- Earmarked $50M in secured short-term financing to help portfolio companies meet payroll and obligations.
- 100% of debt portfolio companies current on payments as of most recent monthly reporting.
- Year-to-date sold ~4.2M shares via ATM for $59.8M net, accretive to NAV.