PALO ALTO, Calif.--(BUSINESS WIRE)--
Capital, Inc. (NYSE:HTGC) ("Hercules" or the "Company"), the leading
specialty finance company to innovative venture growth, pre-IPO and M&A
stage companies backed by leading venture capital firms, today announced
the addition of five seasoned professionals to its investment and credit
Lee A. Merkle-Raymond - Sr. Managing Director, Credit and Risk Officer
Charles Vandis - Sr. Managing Director, Credit and Risk Officer
Thomas N. Harris - Managing Director, Technology Group
Michael J. Riffle - Director, Sr. Credit Review Officer
Anthony Aloi - Sr. Credit Manager
"We are excited to welcome each one of these accomplished professionals
to Hercules," stated Manuel A. Henriquez, chairman and chief executive
officer of Hercules. "Based on the considered growth in 2016, we
continue to opportunistically and strategically make investments in our
infrastructure and take steps to move us closer to realizing our vision
of becoming a broader and even more substantial provider of specialty
debt financing. We expect 2017 will be a critical period in the
Company's evolution and these additions will serve us well in achieving
our goals. I am confident that Lee, Charles, Tom, Mike and Tony bring
not only deep experience and insight to the Hercules team, but will also
be an integral part of our next phase of growth and strategic expansion."
Lee Merkle-Raymond joins as Senior Managing Director, Credit and
Risk Officer, and is an experienced banker and risk manager with global
expertise, bringing more than 20 years of experience providing capital
markets, direct lending, and global banking solutions to public and
private companies in the US and internationally, with a focus on the
technology, life sciences and energy sectors. Prior to joining Hercules,
Lee worked for several years at BNP Paribus as San Francisco Region
Manager and National Technology Banking Head for Bank of the West,
leading a team delivering a full range of U.S. and international
financial solutions to commercial banking clients in all industries.
Before that, she spent more than 20 years at Bank of America Merrill
Lynch in multiple roles, including Head of Corporate Debt for Australia,
and Managing Director Technology Banking, managing client relationships
and corporate debt products for technology clients in the western U.S.
Lee holds a B.A in Asian Studies-Mandarin from Dartmouth College.
Charlie Vandis joins as Senior Managing Director, Credit and Risk
Officer, and is an experienced banker and risk manager with global
expertise, bringing more than 16 years of corporate finance and credit
management experience to Hercules. Prior to joining Hercules, Charlie
spent more than 16 years at GE Capital, most recently as Senior Vice
President - Global Credit Risk Review Team, managing a team of credit
professionals responsible for $173.0 billion in middle market lending
and leasing with a focus on direct equipment lending and leasing,
distribution finance, aircraft leasing and consumer finance. Charlie
holds an M.B.A. from the University of Southern California- Marshall
School of Business and a B.A. in Economics/Asian Studies from Tufts
Tom Harris (no relationship to Hercules' CFO, Mark Harris) joins
as Managing Director in the Technology Group, and brings more than 17
years of financing, syndications and technology investment banking
experience to Hercules. Previously, Tom spent several years at Silicon
Valley Bank ("SVB"), most recently as a Managing Director in the
Syndications group, where he led more than $4.0 billion in syndicated
senior and subordinated facilities for leading technology companies.
Prior to SVB, he spent six years on BofA Merrill Lynch's Investment
Banking team, in software coverage with more than $22.0 billion of lead
software M&A, LBO and IPO transactions completed, and in Leveraged
Finance in New York with more than $10.0 billion in lead leveraged loan
and bond transactions closed. Prior to BofA Merrill Lynch, he spent
eight years in high yield origination and capital markets and investment
banking coverage at TD Securities, the investment banking arm of TD
Bank, based in New York. Tom holds an M.B.A. with honors (Beta Gamma
Sigma) from Columbia Business School and a B.S. in Finance and Economics
from the Stern School of Business at New York University.
Michael Riffle joins as Director, Senior Credit Review Officer.
Michael started his career as a Federal Bank Examiner with the FDIC, and
brings over 27 years of commercial banking experience, including
underwriting/portfolio management, lending, credit review and workout
experience, to Hercules. Prior to joining Hercules, Michael spent the
last six years at Silicon Valley Bank where he was part of the team that
created an internal loan review department (mandated by the Federal
Reserve). Prior to SVB, he served as Vice President: Special Assets at
Wells Fargo Bank, as well as multiple credit roles at Greater Bay Bank
and Union Bank. Michael holds a B.S. in Finance/Accounting with an
emphasis in Real Estate Finance from Arizona State University.
Anthony Aloi joins as Senior Credit Manager, and is an
experienced finance professional and risk manager with more than 25
years of portfolio and credit management experience. Prior to joining
Hercules, Tony spent nearly 20 years at Wells Fargo Capital Finance and
Wells Fargo Trade Capital, serving in multiple credit and portfolio
management roles. Tony holds an M.B.A. from Boston University with a
concentration in Financial Services and a B.S. in Computer Coordinate
with Economics and in Economics from Trinity College.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) ("Hercules") 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, life sciences and
sustainable and renewable technology industries. Since inception
(December 2003), Hercules has committed more than $6.7 billion to over
375 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 email@example.com,
or call 650.289.3060.
Hercules' common stock trades on the New York Stock Exchange under the
ticker symbol "HTGC."
In addition, Hercules has one outstanding bond issuance of 6.25%
Unsecured Notes due July 2024 (NYSE: HTGX).
This press release may contain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. You
should understand that under Section 27A(b)(2)(B) of the Securities Act
of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange
Act of 1934, as amended, or the Exchange Act, the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995 do
not apply to forward-looking statements made in periodic reports we file
under the Exchange Act.
The information disclosed in this press release is made as of the date
hereof and reflects Hercules most current assessment of its historical
financial performance. Actual financial results filed with the SEC may
differ from those contained herein due to timing delays between the date
of this release and confirmation of final audit results. These
forward-looking statements are not guarantees of future performance and
are subject to uncertainties and other factors that could cause actual
results to differ materially from those expressed in the forward-looking
statements including, without limitation, the risks, uncertainties,
including the uncertainties surrounding the current market volatility,
and other factors the Company identifies from time to time in its
filings with the SEC. Although Hercules believes that the assumptions on
which these forward-looking statements are based are reasonable, any of
those assumptions could prove to be inaccurate and, as a result, the
forward-looking statements based on those assumptions also could be
incorrect. You should not place undue reliance on these forward-looking
statements. The forward-looking statements contained in this release are
made as of the date hereof, and Hercules assumes no obligation to update
the forward-looking statements for subsequent events.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170502006657/en/
Hercules Capital, Inc.
Michael Hara, 650-433-5578 HT-HN
Relations and Corporate Communications
Source: Hercules Capital, Inc.
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