POWER OF ATTORNEY

	I, Wade Loo, hereby constitute, appoint, authorize and
designate Kiersten Zaza Botelho and Eileen Bagarella as my agent
and lawful attorneyinfact, with full power of substitution to:
 	(1)	prepare and sign on my behalf, in my capacity as an
officer and/or director of Hercules Capital, Inc. the Company,
Forms 3, 4 and 5 in accordance with Section 16(a) of the
Securities Exchange Act of 1934, as amended, and the rules
thereunder, and to file the same with the Securities and
Exchange Commission and each stock exchange on which the
Company?s stock is listed:
	(2)	prepare and sign on my behalf any Form 144 Notice
under the Securities Act of 1933, as amended, and file the same
with the Securities and Exchange Commission; and
	(3)	take any other action of any type whatsoever in
connection with the foregoing which, in the opinion of such
attorneyinfact, may be of benefit to, in the best interest of,
or legally required by, the undersigned, it being understood
that the documents executed by such attorneyinfact on behalf of
the undersigned pursuant to this Power of Attorney shall be in
such form and shall contain such terms and conditions as such
attorneyinfact may approve in such attorneyinfact?s discretion.
	The undersigned hereby grants to such attorneyinfact full
power and authority to do and perform any and every act and
thing whatsoever requisite, necessary or proper to be done in
the exercise of any of the rights and powers herein granted, as
fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution
or revocation, hereby ratifying and confirming all that such
attorneyinfact, or such attorneyinfact?s substitute or
substitutes, shall lawfully do or cause to be done by virtue of
this power of attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorneyinfact,
in serving in such capacity at the request of the undersigned,
are not assuming, nor is the Company assuming, any of the
undersigned?s responsibilities to comply with Section 16 of the
Securities Exchange Act of 1934, as amended, or Section 5 of the
Securities Act of 1933, as amended, or Rule 144 promulgated
under such Act.
	This Power of Attorney shall remain in effect until the
undersigned is no longer required to file Forms 3, 4, 5 and 144
with respect to the undersigned?s holdings of and transactions
in securities issued by the Company, unless earlier revoked by
the undersigned in a signed writing delivered to the foregoing
attorneysinfact.

IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 7th day of December, 2023.
SIGNED:  s/Wade Loo/
Wade Loo