PALO ALTO, Calif.--(BUSINESS WIRE)--
Hercules Technology Growth Capital, Inc. (NASDAQ:HTGC), the largest
specialty finance company devoted principally to addressing the capital
needs of venture capital and private equity-backed companies in the
technology, clean technology, and life science industries at all stages
of development, today announced the hiring of Scott Bluestein as chief
credit officer. Mr. Bluestein will report directly to Manuel A.
Henriquez, co-founder, chairman and chief executive officer of Hercules
and be based in Hercules' Boston office.
As chief credit officer, Mr. Bluestein will be responsible for
overseeing the Company's loan and investment portfolio, lending
policies, and risk management practices, responsibilities which have
been held by Mr. Henriquez since founding Hercules. He will play a key
role in structuring and ensuring new investments conform to existing
credit underwriting guidelines, monitoring the credit performance of the
overall portfolio, as well as handling credit restructuring and work-out
situations as necessary.
Mr. Bluestein brings extensive financial services and credit experience
to Hercules. Most recently he served as founder and partner of Century
Tree Capital Management, a fund established to make senior secured debt
investments with warrants and equity co-investments to small and micro
cap public and private companies. Prior to that, he was managing
director at Laurus — Valens Capital Management, where he had
responsibility for a $500 million investment portfolio, including new
investments, portfolio management, and restructurings. Prior to that,
Mr. Bluestein worked at UBS Investment Bank, where he was a member of
their Financial Technology Coverage Group. Mr. Bluestein received his
Bachelor of Business Administration from Emory University.
"We are delighted to have Scott join the Hercules team in this newly
created role," said Manuel A. Henriquez, co-founder, chairman and chief
executive officer of Hercules. "Scott represents a pivotal hire for
Hercules, as he steps into this role that I have overseen since the
founding of Hercules, and am able to turn my attention to various key
strategic initiatives and continued tactical planning projects as we
continue to build Hercules. Scott brings a solid set of skills that
complements our team of investment professionals. The role of a chief
credit officer is a key component to our business as we continue to grow
and address the needs of our portfolio companies as a strategic
partner," added Manuel A. Henriquez.
About Hercules Technology Growth Capital, Inc.:
Hercules Technology Growth Capital, Inc. is a NASDAQ traded specialty
finance firm providing customized loans to public and private companies
in the technology, clean technology, and life science industries, at all
stages of development. Since its founding in 2003, Hercules has
committed over $2.0 billion in flexible financing solutions to over 150
companies, enabling these companies to maximize their equity by
leveraging these assets. Hercules' strength comes from its deep
understanding of credit and the industries it serves, allowing it to
partner with venture capital and private equity companies for a less
dilutive source of growth capital helping companies to bridge through
their critical stages of growth. Hercules offers a full suite of growth
capital products at all levels of the capital structure, ranging from
$500,000 to $30 million, lines of credit to term loans. The company is
headquartered in Palo Alto, CA and has additional offices in
Massachusetts and Colorado. Providing capital to publicly-traded or
privately-held companies backed by leading venture capital and private
equity firms involves a high degree of credit risk and may result in
potential losses of capital. For more information, please visit www.htgc.com.
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, 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
Source: Hercules Technology Growth Capital, Inc.
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