New Hires Include Two Technology Group Managing Directors and a
PALO ALTO, Calif.--(BUSINESS WIRE)--
Hercules Technology Growth Capital, Inc. (NYSE: HTGC), the leading
specialty finance company providing senior secured loans to venture
capital-backed companies in technology-related markets, including
technology, biotechnology, life science, and cleantech industries, at
all stages of development, today announced it has filled six positions
to support the continued growth of its portfolio of technology
companies. The new hires include seasoned technology executives: Mark
Solovy and Derek Jensen, both managing directors, Technology Group and
Ben Bang, senior counsel.
"Mark Solovy, Derek Jensen and Ben Bang bring a wealth of expertise and
experience to Hercules in working with venture capital-backed, emerging
growth companies as well as the venture community. The new hires will
add valuable depth to our growing technology team in evaluating new
investment opportunities across key markets including, but not limited
to, cloud computing, storage, SaaS, telecommunications and networking,
security, mobile computing and enterprise software," said Manuel A.
Henriquez, Hercules co-founder, chairman and chief executive officer.
"With the addition of five investment professionals, plus a senior
transaction attorney, Hercules continues to invest in our business to
capitalize on the many opportunities we see in the market, as we
continue to extend our momentum and portfolio growth into the rest of
the year and beyond."
Solovy brings more than 14 years of experience as a venture capital fund
manager, investment banker, attorney and a leading co-investor with many
of the largest venture capital firms in the United States and Israel.
Having served on the board of directors for numerous venture
capital-backed companies, Solovy specializes in structuring complex
venture capital financings and M&A transactions. Most recently, Solovy
advised venture capital-backed clients in industries including
telecommunications, e-commerce, social media and life science as a
managing director at Sikich Corporate Finance in Chicago. Solovy
received his juris doctor from University of Pennsylvania and a bachelor
of science in business administration from Washington University.
Jensen comes to Hercules with 17 years of experience in technology,
investment banking and intellectual property management. He previously
worked in technology groups at leading global investment banks and as a
lead engineer for Motorola. As a senior executive at Citigroup and UBS,
Jensen initiated and led executions in M&A, IPO, follow-on financing and
debt transactions. He holds a master's and bachelor's degree in
mechanical engineering from the University of Illinois at Chicago and
University of Minnesota, respectively, and a master of business
administration from the University of Chicago.
Bang joins Hercules with more than 13 years of legal experience, most
recently from Chapman and Cutler LLP in San Francisco, where he
represented and advised the firm's major banking clients. Previously
Bang was an attorney with Bingham McCutchen LLP and subsequently with
Cooley Godward Kronish LLP, where he worked with public and private
companies across a range of industries on financings and commercial
transactions. Bang earned his juris doctor from Washington University
and received his bachelor of arts in molecular and cell biology, and a
bachelor of science in economics from the University of California at
In addition to Solovy, Jensen and Bang, Lesya Kulchenko, Vincent Tsai
and Andrew Merget have also joined Hercules as senior associates in the
technology investment team.
About Hercules Technology Growth Capital, Inc.:
Hercules Technology Growth Capital, Inc. (NYSE: HTGC) ("Hercules"), is a
leading specialty finance firm providing loans to technology-related
companies, including technology, biotechnology, life science and
cleantech industries at all stages of development. Since inception
(December 2003), Hercules has committed more than $3.0 billion to more
than 210 companies and is the lender of choice for entrepreneurs and
venture capital firms seeking growth capital financing.
Hercules' common stock trades on the New York Stock Exchange (NYSE)
under the ticker symbol "HTGC."
In addition, Hercules has two outstanding bond issuances of 7.00 percent
Senior Unsecured Notes due 2019, which trade on the NYSE under the
symbols "HTGZ" and "HTGY."
Companies interested in learning more about financing opportunities
should contact firstname.lastname@example.org, or call
The statements contained in this release that are not purely historical
are forward-looking statements. 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 turbulence, and other factors we identify
from time to time in our filings with the Securities and Exchange
Commission. Although we believe 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.
Hercules Technology Growth Capital, Inc.
Main, 650-289-3060 HT-HN
Merrill Freund or Lauren Whitehouse, 415-512-0770
Source: Hercules Technology Growth Capital, Inc.
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