UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
(Mark One)
|
x |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For The Quarterly Period Ended September 30, 2014
OR
|
¨ |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Commission File Number: 814-00702
HERCULES TECHNOLOGY GROWTH
CAPITAL, INC.
(Exact Name of Registrant as Specified in its Charter)
|
Maryland |
|
743113410 |
|
(State or Jurisdiction of Incorporation or Organization) |
|
(IRS Employer Identification No.) |
|
400 Hamilton Ave., Suite 310 Palo Alto, California (Address of Principal Executive Offices) |
|
94301 (Zip Code) |
|
|
(650) 289-3060
(Registrant’s Telephone Number, Including Area Code)
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periods that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this Chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ¨ No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
|
Large accelerated filer |
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x |
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Accelerated filer |
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¨ |
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|
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|||
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Non-accelerated filer |
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¨ |
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Smaller reporting company |
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¨ |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x
On November 3, 2014, there were 64,199,024 shares outstanding of the Registrant’s common stock, $0.001 par value.
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
FORM 10-Q TABLE OF CONTENTS
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3 |
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Item 1. |
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3 |
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3 |
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5 |
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6 |
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7 |
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Consolidated Schedule of Investments as of September 30, 2014 (unaudited) |
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8 |
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Consolidated Schedule of Investments as of December 31, 2013 |
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20 |
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32 |
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Item 2. |
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Management’s Discussion and Analysis of Financial Condition and Results of Operations |
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58 |
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Item 3. |
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93 |
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Item 4. |
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94 |
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95 |
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Item 1. |
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95 |
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95 |
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Item 2. |
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97 |
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Item 3. |
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97 |
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Item 4. |
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97 |
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Item 5. |
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97 |
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Item 6. |
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97 |
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98 |
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2
In this Quarterly Report, the “Company,” “Hercules,” “we,” “us” and “our” refer to Hercules Technology Growth Capital, Inc. and its wholly owned subsidiaries and its affiliated securitization trusts unless the context otherwise requires.
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES
(unaudited)
(dollars in thousands, except per share data)
|
|
|
September 30, 2014 |
|
|
December 31, 2013 |
|
||
|
Assets |
|
|
|
|
|
|
|
|
|
Investments: |
|
|
|
|
|
|
|
|
|
Non-control/Non-affiliate investments (cost of $996,338 and $891,059, respectively) |
|
$ |
990,068 |
|
|
$ |
899,314 |
|
|
Affiliate investments (cost of $15,959 and $15,238, respectively) |
|
|
8,845 |
|
|
|
10,981 |
|
|
Total investments, at value (cost of $1,012,297 and $906,297, respectively) |
|
|
998,913 |
|
|
|
910,295 |
|
|
Cash and cash equivalents |
|
|
158,627 |
|
|
|
268,368 |
|
|
Restricted cash |
|
|
2,096 |
|
|
|
6,271 |
|
|
Interest receivable |
|
|
9,146 |
|
|
|
8,962 |
|
|
Other assets |
|
|
30,556 |
|
|
|
27,819 |
|
|
Total assets |
|
$ |
1,199,338 |
|
|
$ |
1,221,715 |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
Accounts payable and accrued liabilities |
|
$ |
11,613 |
|
|
$ |
14,268 |
|
|
Long-term Liabilities (Convertible Senior Notes) |
|
|
40,012 |
|
|
|
72,519 |
|
|
Asset-Backed Notes |
|
|
27,951 |
|
|
|
89,557 |
|
|
2019 Notes |
|
|
170,364 |
|
|
|
170,364 |
|
|
2024 Notes |
|
|
103,000 |
|
|
|
— |
|
|
Long-term SBA Debentures |
|
|
190,200 |
|
|
|
225,000 |
|
|
Total liabilities |
|
$ |
543,140 |
|
|
$ |
571,708 |
|
|
Commitments and Contingencies (Note 10) |
|
|
|
|
|
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|
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Net assets consist of: |
|
|
|
|
|
|
|
|
|
Common stock, par value |
|
|
65 |
|
|
|
62 |
|
|
Capital in excess of par value |
|
|
670,711 |
|
|
|
656,594 |
|
|
Unrealized appreciation (depreciation) on investments |
|
|
(14,706 |
) |
|
|
3,598 |
|
|
Accumulated realized losses on investments |
|
|
(2,233 |
) |
|
|
(15,240 |
) |
|
Undistributed net investment income |
|
|
2,361 |
|
|
|
4,993 |
|
|
Total net assets |
|
$ |
656,198 |
|
|
$ |
650,007 |
|
|
Total liabilities and net assets |
|
$ |
1,199,338 |
|
|
$ |
1,221,715 |
|
|
Shares of common stock outstanding ($0.001 par value, 100,000,000 authorized) |
|
|
64,182 |
|
|
|
61,837 |
|
|
Net asset value per share |
|
$ |
10.22 |
|
|
$ |
10.51 |
|
See notes to consolidated financial statements.
3
The following table presents the assets and liabilities of our consolidated securitization trust for asset-backed notes (see Note 4), which is a variable interest entity (“VIE”). The assets of our securitization VIE can only be used to settle obligations of our consolidated securitization VIE, these liabilities are only the obligations of our consolidated securitization VIE, and the creditors (or beneficial interest holders) do not have recourse to our general credit. These assets and liabilities are included in the Consolidated Statements of Assets and Liabilities above.
|
(Dollars in thousands) |
|
September 30, 2014 |
|
|
December 31, 2013 |
|
||
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ASSETS |
|
|
|
|
|
|
|
|
|
Restricted Cash |
|
$ |
2,096 |
|
|
$ |
6,271 |
|
|
Total investments, at value (cost of $87,405 and $166,513, respectively) |
|
|
85,233 |
|
|
|
165,445 |
|
|
Total assets |
|
$ |
87,329 |
|
|
$ |
171,716 |
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
Asset-Backed Notes |
|
$ |
27,951 |
|
|
$ |
89,557 |
|
|
Total liabilities |
|
$ |
27,951 |
|
|
$ |
89,557 |
|
See notes to consolidated financial statements.
4
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
(in thousands, except per share data)
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
||||||||||
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2014 |
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2013 |
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2014 |
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2013 |
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||||
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Investment income: |
|
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|
|
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|
|
|
|
|
|
|
|
|
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Interest income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Control/Non-Affiliate investments |
$ |
33,210 |
|
|
$ |
35,623 |
|
|
$ |
92,975 |
|
|
$ |
93,722 |
|
|
Affiliate investments |
|
130 |
|
|
|
561 |
|
|
|
1,747 |
|
|
|
1,684 |
|
|
Total interest income |
|
33,340 |
|
|
|
36,184 |
|
|
|
94,722 |
|
|
|
95,406 |
|
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Fees |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Non-Control/Non-Affiliate investments |
|
3,671 |
|
|
|
4,832 |
|
|
|
12,037 |
|
|
|
11,088 |
|
|
Affiliate investments |
|
8 |
|
|
|
5 |
|
|
|
30 |
|
|
|
9 |
|
|
Total fees |
|
3,679 |
|
|
|
4,837 |
|
|
|
12,067 |
|
|
|
11,097 |
|
|
Total investment income |
|
37,019 |
|
|
|
41,021 |
|
|
|
106,789 |
|
|
|
106,503 |
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
|
6,495 |
|
|
|
7,587 |
|
|
|
20,177 |
|
|
|
22,788 |
|
|
Loan fees |
|
1,364 |
|
|
|
1,072 |
|
|
|
4,531 |
|
|
|
3,341 |
|
|
General and administrative |
|
2,397 |
|
|
|
2,176 |
|
|
|
6,984 |
|
|
|
6,831 |
|
|
Employee Compensation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compensation and benefits |
|
3,922 |
|
|
|
7,030 |
|
|
|
11,375 |
|
|
|
14,992 |
|
|
Stock-based compensation |
|
2,823 |
|
|
|
1,596 |
|
|
|
6,849 |
|
|
|
4,349 |
|
|
Total employee compensation |
|
6,745 |
|
|
|
8,626 |
|
|
|
18,224 |
|
|
|
19,341 |
|
|
Total operating expenses |
|
17,001 |
|
|
|
19,461 |
|
|
|
49,916 |
|
|
|
52,301 |
|
|
Loss on debt extinguishment (Long-term Liabilities - Convertible Senior Notes) |
|
(1,023 |
) |
|
|
— |
|
|
|
(1,023 |
) |
|
|
— |
|
|
Net investment income |
|
18,995 |
|
|
|
21,560 |
|
|
|
55,850 |
|
|
|
54,202 |
|
|
Net realized gain on investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Control/Non-Affiliate investments |
|
5,664 |
|
|
|
7,125 |
|
|
|
13,007 |
|
|
|
11,309 |
|
|
Total net realized gain on investments |
|
5,664 |
|
|
|
7,125 |
|
|
|
13,007 |
|
|
|
11,309 |
|
|
Net increase in unrealized appreciation (depreciation) on investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Control/Non-Affiliate investments |
|
(10,029 |
) |
|
|
9,288 |
|
|
|
(15,447 |
) |
|
|
10,506 |
|
|
Affiliate investments |
|
547 |
|
|
|
(992 |
) |
|
|
(2,857 |
) |
|
|
(1,468 |
) |
|
Total net unrealized appreciation (depreciation) on investments |
|
(9,482 |
) |
|
|
8,296 |
|
|
|
(18,304 |
) |
|
|
9,038 |
|
|
Total net realized and unrealized gain (loss) |
|
(3,818 |
) |
|
|
15,421 |
|
|
|
(5,297 |
) |
|
|
20,347 |
|
|
Net increase in net assets resulting from operations |
$ |
15,177 |
|
|
$ |
36,981 |
|
|
$ |
50,553 |
|
|
$ |
74,549 |
|
|
Net investment income before investment gains and losses per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
$ |
0.30 |
|
|
$ |
0.35 |
|
|
$ |
0.89 |
|
|
$ |
0.91 |
|
|
Change in net assets per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
$ |
0.24 |
|
|
$ |
0.61 |
|
|
$ |
0.80 |
|
|
$ |
1.26 |
|
|
Diluted |
$ |
0.23 |
|
|
$ |
0.59 |
|
|
$ |
0.78 |
|
|
$ |
1.23 |
|
|
Weighted average shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
62,356 |
|
|
|
60,522 |
|
|
|
61,444 |
|
|
|
58,206 |
|
|
Diluted |
|
63,779 |
|
|
|
60,750 |
|
|
|
63,554 |
|
|
|
58,396 |
|
|
Dividends declared per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
$ |
0.31 |
|
|
$ |
0.31 |
|
|
$ |
0.93 |
|
|
$ |
0.86 |
|
See notes to consolidated financial statements.
5
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETS
(unaudited)
(dollars and shares in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Undistributed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
net investment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
income/ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized |
|
|
Accumulated |
|
|
(Distributions |
|
|
Provision for |
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
Capital in |
|
|
Appreciation |
|
|
Realized |
|
|
in excess of |
|
|
Income Taxes |
|
|
|
|
|
|||||
|
|
Common Stock |
|
|
excess |
|
|
(Depreciation) |
|
|
Gains (Losses) |
|
|
investment |
|
|
on Investment |
|
|
Net |
|
|||||||||||
|
|
Shares |
|
|
Par Value |
|
|
of par value |
|
|
on Investments |
|
|
on Investments |
|
|
income) |
|
|
Gains |
|
|
Assets |
|
||||||||
|
Balance at December 31, 2012 |
|
52,925 |
|
|
$ |
53 |
|
|
$ |
564,508 |
|
|
$ |
(7,947 |
) |
|
$ |
(36,916 |
) |
|
$ |
(3,388 |
) |
|
$ |
(342 |
) |
|
$ |
515,968 |
|
|
Net increase in net assets resulting from operations |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
9,038 |
|
|
|
11,309 |
|
|
|
54,202 |
|
|
|
— |
|
|
|
74,549 |
|
|
Issuance of common stock |
|
1,337 |
|
|
|
1 |
|
|
|
16,542 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
16,543 |
|
|
Issuance of common stock under restricted stock plan |
|
472 |
|
|
|
1 |
|
|
|
(1 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Issuance of common stock as stock dividend |
|
142 |
|
|
|
— |
|
|
|
1,923 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,923 |
|
|
Retired shares from net issuance |
|
(1,170 |
) |
|
|
(1 |
) |
|
|
(18,259 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(18,260 |
) |
|
Public offering |
|
8,050 |
|
|
|
8 |
|
|
|
95,529 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
95,537 |
|
|
Dividends declared |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(47,292 |
) |
|
|
— |
|
|
|
(47,292 |
) |
|
Stock-based compensation |
|
— |
|
|
|
— |
|
|
|
4,408 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,408 |
|
|
Balance at September 30, 2013 |
|
61,756 |
|
|
$ |
62 |
|
|
$ |
664,650 |
|
|
$ |
1,091 |
|
|
$ |
(25,607 |
) |
|
$ |
3,522 |
|
|
$ |
(342 |
) |
|
$ |
643,376 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 2013 |
|
61,837 |
|
|
$ |
62 |
|
|
$ |
656,594 |
|
|
$ |
3,598 |
|
|
$ |
(15,240 |
) |
|
$ |
5,335 |
|
|
$ |
(342 |
) |
|
$ |
650,007 |
|
|
Net increase (decrease) in net assets resulting from operations |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(18,304 |
) |
|
|
13,007 |
|
|
|
55,850 |
|
|
|
— |
|
|
|
50,553 |
|
|
Issuance of common stock |
|
256 |
|
|
|
— |
|
|
|
2,873 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,873 |
|
|
Issuance of common stock under restricted stock plan |
|
632 |
|
|
|
1 |
|
|
|
(1 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Issuance of common stock as stock dividend |
|
76 |
|
|
|
— |
|
|
|
1,152 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,152 |
|
|
Retired shares from net issuance |
|
(193 |
) |
|
|
— |
|
|
|
(5,992 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(5,992 |
) |
|
Public offering |
|
1,574 |
|
|
|
2 |
|
|
|
9,180 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
9,182 |
|
|
Dividends declared |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(58,482 |
) |
|
|
— |
|
|
|
(58,482 |
) |
|
Stock-based compensation |
|
— |
|
|
|
— |
|
|
|
6,905 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
6,905 |
|
|
Balance at September 30, 2014 |
|
64,182 |
|
|
$ |
65 |
|
|
$ |
670,711 |
|
|
$ |
(14,706 |
) |
|
$ |
(2,233 |
) |
|
$ |
2,703 |
|
|
$ |
(342 |
) |
|
$ |
656,198 |
|
See notes to consolidated financial statements.
6
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)
(dollars in thousands)
|
|
Nine Months Ended September 30, |
|
|||||
|
|
2014 |
|
|
2013 |
|
||
|
Cash flows from operating activities: |
|
|
|
|
|
|
|
|
Net increase in net assets resulting from operations |
$ |
50,553 |
|
|
$ |
74,549 |
|
|
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities: |
|
|
|
|
|
|
|
|
Purchase of investments |
|
(415,399 |
) |
|
|
(411,515 |
) |
|
Principal payments received on investments |
|
316,543 |
|
|
|
336,438 |
|
|
Proceeds from the sale of investments |
|
17,977 |
|
|
|
29,459 |
|
|
Net unrealized depreciation (appreciation) on investments |
|
18,304 |
|
|
|
(9,038 |
) |
|
Net realized gain on investments |
|
(13,007 |
) |
|
|
(11,309 |
) |
|
Accretion of paid-in-kind principal |
|
(1,990 |
) |
|
|
(2,269 |
) |
|
Accretion of loan discounts |
|
(7,690 |
) |
|
|
(4,556 |
) |
|
Accretion of loan discount on Convertible Senior Notes |
|
738 |
|
|
|
812 |
|
|
Loss on conversion of Convertible Senior Notes |
|
1,023 |
|
|
|
— |
|
|
Accretion of loan exit fees |
|
(754 |
) |
|
|
(10,031 |
) |
|
Change in deferred loan origination revenue |
|
(616 |
) |
|
|
2,540 |
|
|
Unearned fees related to unfunded commitments |
|
(7,789 |
) |
|
|
(364 |
) |
|
Amortization of debt fees and issuance costs |
|
4,131 |
|
|
|
2,918 |
|
|
Depreciation |
|
161 |
|
|
|
162 |
|
|
Stock-based compensation and amortization of restricted stock grants |
|
6,905 |
|
|
|
4,408 |
|
|
Change in operating assets and liabilities: |
|
|
|
|
|
|
|
|
Interest and fees receivable |
|
(184 |
) |
|
|
(641 |
) |
|
Prepaid expenses and other assets |
|
59 |
|
|
|
570 |
|
|
Accounts payable |
|
1,126 |
|
|
|
(63 |
) |
|
Accrued liabilities |
|
(4,203 |
) |
|
|
2,588 |
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
|
(34,112 |
) |
|
|
4,658 |
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
|
Purchases of capital equipment |
|
(94 |
) |
|
|
(240 |
) |
|
Reduction of (investment in) restricted cash |
|
4,175 |
|
|
|
(3,632 |
) |
|
Other long-term assets |
|
— |
|
|
|
(30 |
) |
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
|
4,081 |
|
|
|
(3,902 |
) |
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
|
Proceeds from issuance (repurchase of employee shares due to restricted stock vesting) of common stock, net |
|
6,734 |
|
|
|
93,443 |
|
|
Dividends paid |
|
(57,330 |
) |
|
|
(45,368 |
) |
|
Issuance of 2024 Notes, net |
|
99,655 |
|
|
|
— |
|
|
Repayments of Asset-Backed Notes |
|
(61,606 |
) |
|
|
(26,832 |
) |
|
Repayments of Long-Term SBA Debentures |
|
(34,800 |
) |
|
|
— |
|
|
Cash paid for redemption of Convertible Senior Notes |
|
(31,577 |
) |
|
|
— |
|
|
Fees paid for credit facilities and debentures |
|
(786 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities |
|
(79,710 |
) |
|
|
21,243 |
|
|
|
|
|
|
|
|
|
|
|
Net decrease in cash and cash equivalents |
|
(109,741 |
) |
|
|
21,999 |
|
|
Cash and cash equivalents at beginning of period |
|
268,368 |
|
|
|
182,994 |
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period |
$ |
158,627 |
|
|
$ |
204,993 |
|
|
Supplemental non-cash investing and financing activities: |
|
|
|
|
|
|
|
|
Dividends Reinvested |
$ |
1,152 |
|
|
$ |
1,923 |
|
|
Paid-in-Kind Principal |
$ |
1,990 |
|
|
$ |
2,269 |
|
See notes to consolidated financial statements.
7
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Maturity Date |
|
Interest Rate and Floor |
|
Principal Amount |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Debt Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Biotechnology Tools |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Labcyte, Inc. (11)(13)(14) |
|
Biotechnology Tools |
|
Senior Secured |
|
June 2016 |
|
Interest rate PRIME + 6.70% or Floor rate of 9.95% |
|
$ |
3,104 |
|
|
$ |
3,252 |
|
|
$ |
3,262 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
3,252 |
|
|
|
3,262 |
|
||
|
Subtotal: Biotechnology Tools (0.50%)* |
|
|
|
|
|
|
|
|
|
|
|
|
3,252 |
|
|
|
3,262 |
|
||
|
Communications & Networking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OpenPeak, Inc. (11)(13) |
|
Communications & Networking |
|
Senior Secured |
|
April 2017 |
|
Interest rate PRIME + 8.75% or Floor rate of 12.00% |
|
$ |
9,296 |
|
|
|
9,454 |
|
|
|
9,331 |
|
|
SkyCross, Inc. (13)(14) |
|
Communications & Networking |
|
Senior Secured |
|
January 2018 |
|
Interest rate PRIME + 9.70% |
|
$ |
7,500 |
|
|
|
7,278 |
|
|
|
7,440 |
|
|
|
|
Communications & Networking |
|
Senior Secured |
|
January 2018 |
|
Interest rate PRIME + 7.70% or Floor rate of 10.95% |
|
$ |
14,500 |
|
|
|
14,050 |
|
|
|
14,362 |
|
|
Total SkyCross, Inc. |
|
|
|
|
|
|
|
|
|
$ |
22,000 |
|
|
|
21,328 |
|
|
|
21,802 |
|
|
Spring Mobile Solutions, Inc. (13) |
|
Communications & Networking |
|
Senior Secured |
|
November 2016 |
|
Interest rate PRIME + 8.00% or Floor rate of 11.25% |
|
$ |
18,840 |
|
|
|
18,886 |
|
|
|
19,075 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
49,668 |
|
|
|
50,208 |
|
||
|
Subtotal: Communications & Networking (7.65%)* |
|
|
|
|
|
|
|
|
|
|
|
|
49,668 |
|
|
|
50,208 |
|
||
|
Consumer & Business Products |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Fluc, Inc. (9) |
|
Consumer & Business Products |
|
Convertible Senior Note |
|
March 2017 |
|
Interest rate FIXED 4.00% |
|
$ |
100 |
|
|
|
100 |
|
|
|
100 |
|
|
Pong Research Corporation (13)(14) |
|
Consumer & Business Products |
|
Senior Secured |
|
December 2017 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00% |
|
$ |
5,000 |
|
|
|
4,872 |
|
|
|
4,872 |
|
|
The Neat Company (12)(13)(14) |
|
Consumer & Business Products |
|
Senior Secured |
|
September 2017 |
|
Interest rate PRIME + 7.75% or Floor rate of 11.00%, PIK Interest 1.00% |
|
$ |
20,010 |
|
|
|
19,221 |
|
|
|
19,221 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
24,193 |
|
|
|
24,193 |
|
||
|
Subtotal: Consumer & Business Products (3.69%)* |
|
|
|
|
|
|
|
|
|
|
|
|
24,193 |
|
|
|
24,193 |
|
||
|
Drug Delivery |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
AcelRx Pharmaceuticals, Inc. (3)(10)(13)(14) |
|
Drug Delivery |
|
Senior Secured |
|
October 2017 |
|
Interest rate PRIME + 3.85% or Floor rate of 9.10% |
|
$ |
25,000 |
|
|
|
24,643 |
|
|
|
24,791 |
|
|
BIND Therapeutics, Inc. (3)(13)(14) |
|
Drug Delivery |
|
Senior Secured |
|
September 2016 |
|
Interest rate PRIME + 7.00% or Floor rate of 10.25% |
|
$ |
3,694 |
|
|
|
3,736 |
|
|
|
3,638 |
|
|
Celator Pharmaceuticals, Inc. (3)(13) |
|
Drug Delivery |
|
Senior Secured |
|
December 2017 |
|
Interest rate PRIME + 6.50% or Floor rate of 9.75% |
|
$ |
10,000 |
|
|
|
9,865 |
|
|
|
9,865 |
|
|
Celsion Corporation (3)(13) |
|
Drug Delivery |
|
Senior Secured |
|
June 2017 |
|
Interest rate PRIME + 8.00% or Floor rate of 11.25% |
|
$ |
10,000 |
|
|
|
9,763 |
|
|
|
9,966 |
|
|
Dance Biopharm, Inc. (13)(14) |
|
Drug Delivery |
|
Senior Secured |
|
November 2017 |
|
Interest rate PRIME + 7.40% or Floor rate of 10.65% |
|
$ |
4,000 |
|
|
|
3,935 |
|
|
|
3,965 |
|
|
Edge Therapeutics, Inc. (13) |
|
Drug Delivery |
|
Senior Secured |
|
March 2018 |
|
Interest rate PRIME + 5.95% or Floor rate of 10.45% |
|
$ |
3,000 |
|
|
|
2,846 |
|
|
|
2,846 |
|
|
Neos Therapeutics, Inc. (13)(14) |
|
Drug Delivery |
|
Senior Secured |
|
October 2017 |
|
Interest rate PRIME + 7.25% or Floor rate of 10.50% |
|
$ |
5,000 |
|
|
|
4,881 |
|
|
|
4,881 |
|
|
|
|
Drug Delivery |
|
Senior Secured |
|
October 2017 |
|
Interest rate PRIME + 5.75% or Floor rate of 9.00% |
|
$ |
10,000 |
|
|
|
10,000 |
|
|
|
9,689 |
|
|
Total Neos Therapeutics, Inc. |
|
|
|
|
|
|
|
|
|
$ |
15,000 |
|
|
|
14,881 |
|
|
|
14,570 |
|
|
Zosano Pharma, Inc. (13) |
|
Drug Delivery |
|
Senior Secured |
|
June 2017 |
|
Interest rate PRIME + 6.80% or Floor rate of 12.05% |
|
$ |
4,000 |
|
|
|
3,857 |
|
|
|
3,857 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
73,526 |
|
|
|
73,498 |
|
||
|
Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Revance Therapeutics, Inc. (3)(13) |
|
Drug Delivery |
|
Senior Secured |
|
March 2015 |
|
Interest rate PRIME + 6.60% or Floor rate of 9.85% |
|
$ |
410 |
|
|
|
445 |
|
|
|
445 |
|
|
|
|
Drug Delivery |
|
Senior Secured |
|
March 2015 |
|
Interest rate PRIME + 6.60% or Floor rate of 9.85% |
|
$ |
4,096 |
|
|
|
4,439 |
|
|
|
4,439 |
|
|
Total Revance Therapeutics, Inc. |
|
|
|
|
|
|
|
$ |
4,506 |
|
|
|
4,884 |
|
|
|
4,884 |
|
||
|
Subtotal: Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
4,884 |
|
|
|
4,884 |
|
||
|
Subtotal: Drug Delivery (11.94%)* |
|
|
|
|
|
|
|
|
|
|
|
|
78,410 |
|
|
|
78,382 |
|
||
See notes to consolidated financial statements.
8
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Maturity Date |
|
Interest Rate and Floor |
|
Principal Amount |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Drug Discovery & Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
ADMA Biologics, Inc. (3)(12)(13) |
|
Drug Discovery & Development |
|
Senior Secured |
|
June 2017 |
|
Interest rate PRIME + 3.00% or Floor rate of 8.75%, PIK Interest of 1.95% |
|
$ |
10,103 |
|
|
$ |
9,961 |
|
|
$ |
10,026 |
|
|
Anacor Pharmaceuticals, Inc. (14) |
|
Drug Discovery & Development |
|
Senior Secured |
|
July 2017 |
|
Interst rate PRIME + 6.40% or Floor rate of 11.65% |
|
$ |
30,000 |
|
|
|
29,316 |
|
|
|
29,916 |
|
|
Aveo Pharmaceuticals, Inc. (3)(10)(11)(13)(14) |
|
Drug Discovery & Development |
|
Senior Secured |
|
January 2018 |
|
Interest rate PRIME + 11.90% or Floor rate of 11.90% |
|
$ |
10,000 |
|
|
|
9,688 |
|
|
|
9,688 |
|
|
Celladon Corporation (3)(13)(14) |
|
Drug Discovery & Development |
|
Senior Secured |
|
February 2018 |
|
Interest rate PRIME + 3.00% or Floor rate of 8.25% |
|
$ |
10,000 |
|
|
|
9,939 |
|
|
|
9,939 |
|
|
Cempra, Inc. (3)(13) |
|
Drug Discovery & Development |
|
Senior Secured |
|
April 2018 |
|
Interest rate PRIME + 6.30% or Floor rate of 9.55% |
|
$ |
18,000 |
|
|
|
18,010 |
|
|
|
18,010 |
|
|
Cerecor Inc. (13) |
|
Drug Discovery & Development |
|
Senior Secured |
|
August 2017 |
|
Interest rate PRIME + 4.70% or Floor rate of 7.95% |
|
$ |
7,500 |
|
|
|
7,337 |
|
|
|
7,337 |
|
|
Cleveland BioLabs, Inc. (3)(13)(14) |
|
Drug Discovery & Development |
|
Senior Secured |
|
January 2017 |
|
Interest rate PRIME + 6.20% or Floor rate of 10.45% |
|
$ |
2,000 |
|
|
|
2,000 |
|
|
|
2,040 |
|
|
Concert Pharmaceuticals, Inc. (3)(4) |
|
Drug Discovery & Development |
|
Senior Secured |
|
October 2015 |
|
Interest rate PRIME + 3.25% or Floor rate of 8.50% |
|
$ |
9,218 |
|
|
|
9,162 |
|
|
|
9,254 |
|
|
CTI BioPharma Corp. (pka Cell Therapeutics, Inc.) (11)(13) |
|
Drug Discovery & Development |
|
Senior Secured |
|
October 2016 |
|
Interest rate PRIME + 9.00% or Floor rate 12.25% |
|
$ |
15,000 |
|
|
|
14,962 |
|
|
|
15,332 |
|
|
Insmed, Incorporated (11)(13) |
|
Drug Discovery & Development |
|
Senior Secured |
|
January 2016 |
|
Interest rate PRIME + 4.75% or Floor rate of 9.25% |
|
$ |
20,000 |
|
|
|
19,871 |
|
|
|
20,071 |
|
|
Neothetics, Inc. (pka Lithera, Inc) (13)(14) |
|
Drug Discovery & Development |
|
Senior Secured |
|
January 2018 |
|
Interest rate PRIME + 5.75% or Floor rate of 9.00% |
|
$ |
4,000 |
|
|
|
3,909 |
|
|
|
3,909 |
|
|
Merrimack Pharmaceuticals, Inc. (3)(13) |
|
Drug Discovery & Development |
|
Senior Secured |
|
November 2016 |
|
Interest rate PRIME + 5.30% or Floor rate of 10.55% |
|
$ |
40,000 |
|
|
|
40,516 |
|
|
|
40,599 |
|
|
Neuralstem, Inc. (9)(13)(14) |
|
Drug Discovery & Development |
|
Senior Secured |
|
June 2016 |
|
Interest rate PRIME + 7.75% or Floor rate of 11.00% |
|
$ |
5,834 |
|
|
|
5,904 |
|
|
|
6,138 |
|
|
uniQure B.V. (3)(5)(10)(13) |
|
Drug Discovery & Development |
|
Senior Secured |
|
June 2018 |
|
Interest rate PRIME + 5.00% or Floor rate of 10.25% |
|
$ |
20,000 |
|
|
|
19,826 |
|
|
|
19,826 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
200,401 |
|
|
|
202,085 |
|
||
|
Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Aveo Pharmaceuticals, Inc. (3)(10)(11)(13)(14) |
|
Drug Discovery & Development |
|
Senior Secured |
|
September 2015 |
|
Interest rate PRIME + 7.15% or Floor rate of 11.90% |
|
$ |
11,611 |
|
|
|
11,611 |
|
|
|
11,611 |
|
|
Subtotal: Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
11,611 |
|
|
|
11,611 |
|
||
|
Subtotal: Drug Discovery & Development (32.57%)* |
|
|
|
|
|
|
|
|
|
|
|
|
212,012 |
|
|
|
213,696 |
|
||
|
Electronics & Computer Hardware |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Plures Technologies, Inc. (8)(12) |
|
Electronics & Computer Hardware |
|
Senior Secured |
|
October 2016 |
|
Interest rate LIBOR + 8.75% or Floor rate of 12.00%, PIK Interest of 4.00% |
|
$ |
267 |
|
|
|
180 |
|
|
|
— |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
180 |
|
|
|
— |
|
||
|
Subtotal: Electronics & Computer Hardware (0.00%)* |
|
|
|
|
|
|
|
|
|
|
|
|
180 |
|
|
|
— |
|
||
See notes to consolidated financial statements.
9
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Maturity Date |
|
Interest Rate and Floor |
|
Principal Amount |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Energy Technology |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Agrivida, Inc. (14) |
|
Energy Technology |
|
Senior Secured |
|
December 2016 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00% |
|
$ |
5,468 |
|
|
$ |
5,518 |
|
|
$ |
2,992 |
|
|
American Superconductor Corporation (3)(11)(13) |
|
Energy Technology |
|
Senior Secured |
|
November 2016 |
|
Interest rate PRIME + 7.25% or Floor rate of 11.00% |
|
$ |
8,667 |
|
|
|
8,763 |
|
|
|
8,741 |
|
|
Amyris, Inc. (10)(13) |
|
Energy Technology |
|
Senior Secured |
|
February 2017 |
|
Interest rate PRIME + 6.25% or Floor rate of 9.5% |
|
$ |
25,000 |
|
|
|
25,000 |
|
|
|
25,000 |
|
|
|
|
Energy Technology |
|
Senior Secured |
|
February 2017 |
|
Interest rate PRIME + 5.25% or Floor rate of 8.50% |
|
$ |
5,000 |
|
|
|
5,000 |
|
|
|
5,000 |
|
|
Total Amyris, Inc. |
|
|
|
|
|
|
|
|
|
$ |
30,000 |
|
|
|
30,000 |
|
|
|
30,000 |
|
|
BioAmber, Inc. (5)(10)(13) |
|
Energy Technology |
|
Senior Secured |
|
June 2016 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00% |
|
$ |
22,153 |
|
|
|
23,573 |
|
|
|
23,290 |
|
|
Enphase Energy, Inc. (13) |
|
Energy Technology |
|
Senior Secured |
|
August 2016 |
|
Interest rate PRIME + 8.25% or Floor rate of 11.50% |
|
$ |
5,861 |
|
|
|
5,956 |
|
|
|
6,001 |
|
|
Fluidic, Inc. (13) |
|
Energy Technology |
|
Senior Secured |
|
March 2016 |
|
Interest rate PRIME + 8.00% or Floor rate of 11.25% |
|
$ |
4,347 |
|
|
|
4,386 |
|
|
|
4,370 |
|
|
Polyera Corporation (13)(14) |
|
Energy Technology |
|
Senior Secured |
|
June 2016 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00% |
|
$ |
4,214 |
|
|
|
4,346 |
|
|
|
4,369 |
|
|
TAS Energy, Inc. (13) |
|
Energy Technology |
|
Senior Secured |
|
December 2015 |
|
Interest rate PRIME + 7.75% or Floor rate of 11.00% |
|
$ |
8,506 |
|
|
|
8,674 |
|
|
|
8,608 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
91,216 |
|
|
|
88,371 |
|
||
|
Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
American Superconductor Corporation (3)(11)(13) |
|
Energy Technology |
|
Senior Secured |
|
December 2014 |
|
Interest rate PRIME + 7.25% or Floor rate of 11.00% |
|
$ |
1,154 |
|
|
|
1,648 |
|
|
|
1,648 |
|
|
Glori Energy, Inc. (3)(11)(13) |
|
Energy Technology |
|
Senior Secured |
|
June 2015 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00% |
|
$ |
2,667 |
|
|
|
2,908 |
|
|
|
2,908 |
|
|
Scifiniti (pka Integrated Photovoltaics, Inc.) (14) |
|
Energy Technology |
|
Senior Secured |
|
February 2015 |
|
Interest rate PRIME + 7.38% or Floor rate of 10.63% |
|
$ |
549 |
|
|
|
546 |
|
|
|
546 |
|
|
Stion Corporation (4)(6)(13) |
|
Energy Technology |
|
Senior Secured |
|
February 2015 |
|
Interest rate PRIME + 8.75% or Floor rate of 12.00% |
|
$ |
3,379 |
|
|
|
3,415 |
|
|
|
2,501 |
|
|
Subtotal: Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
8,517 |
|
|
|
7,603 |
|
||
|
Subtotal: Energy Technology (14.63%)* |
|
|
|
|
|
|
|
|
|
|
|
|
99,733 |
|
|
|
95,974 |
|
||
|
Healthcare Services, Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Chromadex Corporation (3)(13)(14) |
|
Healthcare Services, Other |
|
Senior Secured |
|
April 2018 |
|
Interest rate PRIME + 6.10% or Floor rate of 9.35% |
|
$ |
2,500 |
|
|
|
2,387 |
|
|
|
2,387 |
|
|
InstaMed Communications, LLC (13)(14) |
|
Healthcare Services, Other |
|
Senior Secured |
|
December 2016 |
|
Interest rate PRIME + 7.25% or Floor rate of 10.50% |
|
$ |
2,736 |
|
|
|
2,805 |
|
|
|
2,825 |
|
|
MDEverywhere, Inc. (13) |
|
Healthcare Services, Other |
|
Senior Secured |
|
June 2017 |
|
Interest rate LIBOR + 9.50% or Floor rate of 10.75% |
|
$ |
2,383 |
|
|
|
2,375 |
|
|
|
2,266 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
7,567 |
|
|
|
7,478 |
|
||
|
Subtotal: Healthcare Services, Other (1.14%)* |
|
|
|
|
|
|
|
|
|
|
|
|
7,567 |
|
|
|
7,478 |
|
||
|
Information Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
InXpo, Inc. (13)(14) |
|
Information Services |
|
Senior Secured |
|
July 2016 |
|
Interest rate PRIME + 7.50% or Floor rate of 10.75% |
|
$ |
2,057 |
|
|
|
2,056 |
|
|
|
2,064 |
|
|
Womensforum.com (11)(12) |
|
Information Services |
|
Senior Secured |
|
October 2016 |
|
Interest rate LIBOR + 6.50% or Floor rate of 9.25% |
|
$ |
6,200 |
|
|
|
6,128 |
|
|
|
5,739 |
|
|
|
|
Information Services |
|
Senior Secured |
|
October 2016 |
|
Interest rate LIBOR + 7.50% or Floor rate of 10.25%, PIK Interest 2.00% |
|
$ |
4,678 |
|
|
|
4,624 |
|
|
|
4,342 |
|
|
Total Womensforum.com |
|
|
|
|
|
|
|
|
|
$ |
10,878 |
|
|
|
10,752 |
|
|
|
10,081 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
12,808 |
|
|
|
12,145 |
|
||
|
Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Eccentex Corporation (11)(13) |
|
Information Services |
|
Senior Secured |
|
May 2015 |
|
Interest rate PRIME + 7.00% or Floor rate of 10.25% |
|
$ |
322 |
|
|
|
334 |
|
|
|
161 |
|
|
Womensforum.com (11)(12) |
|
Information Services |
|
Senior Secured |
|
April 2015 |
|
Interest rate LIBOR + 6.50% or Floor rate of 9.00% |
|
$ |
1,250 |
|
|
|
1,241 |
|
|
|
1,162 |
|
|
Subtotal: Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
1,575 |
|
|
|
1,323 |
|
||
|
Subtotal: Information Services (2.05%)* |
|
|
|
|
|
|
|
|
|
|
|
|
14,383 |
|
|
|
13,468 |
|
||
See notes to consolidated financial statements.
10
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Maturity Date |
|
Interest Rate and Floor |
|
Principal Amount |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Internet Consumer & Business Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
CashStar, Inc. (12)(14) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
June 2016 |
|
Interest rate PRIME + 6.25% or Floor rate 10.50%, PIK Interest 1.00% |
|
$ |
7,120 |
|
|
$ |
7,008 |
|
|
$ |
7,074 |
|
|
Education Dynamics, LLC (12)(14) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
March 2016 |
|
Interest rate LIBOR + 12.5% or Floor rate 12.50%, PIK Interest 1.50% |
|
$ |
20,513 |
|
|
|
20,493 |
|
|
|
20,593 |
|
|
Gazelle, Inc. (12)(14) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
April 2016 |
|
Interest rate PRIME + 7.00% or Floor rate of 10.25%, PIK Interest 2.50% |
|
$ |
13,625 |
|
|
|
13,410 |
|
|
|
13,410 |
|
|
Just Fabulous, Inc. (4)(13) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
February 2017 |
|
Interest rate PRIME + 8.25% or Floor rate of 11.50% |
|
$ |
15,000 |
|
|
|
14,300 |
|
|
|
14,600 |
|
|
LightSpeed Retail, Inc. (5)(10) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
May 2018 |
|
Interest rate PRIME + 3.25% or Floor rate of 6.50% |
|
$ |
2,000 |
|
|
|
1,984 |
|
|
|
1,984 |
|
|
Reply! Inc. (11)(12)(13) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
February 2016 |
|
Interest rate PRIME + 7.25% or Floor rate of 10.50%, PIK Interest 2.00% |
|
$ |
2,939 |
|
|
|
2,825 |
|
|
|
2,883 |
|
|
Tapjoy, Inc. (13) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
July 2018 |
|
Interest rate PRIME + 6.50% or Floor rate of 9.75% |
|
$ |
3,000 |
|
|
|
2,908 |
|
|
|
2,908 |
|
|
Vaultlogix, LLC (12)(13)(14) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
September 2016 |
|
Interest rate LIBOR + 8.50% or Floor rate of 10.00%, PIK interest 2.50% |
|
$ |
8,102 |
|
|
|
8,090 |
|
|
|
8,090 |
|
|
WaveMarket, Inc. (11)(13) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
September 2016 |
|
Interest rate PRIME + 5.75% or Floor rate of 9.50% |
|
$ |
8,195 |
|
|
|
8,172 |
|
|
|
8,253 |
|
|
|
|
Internet Consumer & Business Services |
|
Senior Secured |
|
March 2017 |
|
Interest rate PRIME + 6.50% or Floor rate of 9.75% |
|
$ |
331 |
|
|
|
334 |
|
|
|
343 |
|
|
Total WaveMarket, Inc. |
|
|
|
|
|
|
|
|
|
$ |
8,526 |
|
|
|
8,506 |
|
|
|
8,596 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
79,524 |
|
|
|
80,138 |
|
||
|
Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
NetPlenish (8)(9)(14) |
|
Internet Consumer & Business Services |
|
Convertible Senior Note |
|
April 2015 |
|
Interest rate FIXED 10.00% |
|
$ |
92 |
|
|
|
92 |
|
|
|
— |
|
|
|
|
Internet Consumer & Business Services |
|
Senior Secured |
|
September 2015 |
|
Interest rate FIXED 10.00% |
|
$ |
381 |
|
|
|
373 |
|
|
|
— |
|
|
Total NetPlenish |
|
|
|
|
|
|
|
|
|
$ |
473 |
|
|
|
465 |
|
|
|
— |
|
|
Reply! Inc. (11)(12)(13) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
September 2015 |
|
Interest rate PRIME + 6.88% or Floor rate of 10.13%, PIK Interest 2.00% |
|
$ |
8,423 |
|
|
|
8,496 |
|
|
|
8,581 |
|
|
|
|
Internet Consumer & Business Services |
|
Senior Secured |
|
September 2015 |
|
Interest rate PRIME + 7.25% or Floor rate of 11.00%, PIK Interest 2.00% |
|
$ |
1,857 |
|
|
|
1,911 |
|
|
|
1,931 |
|
|
Total Reply! Inc. |
|
|
|
|
|
|
|
|
|
$ |
10,280 |
|
|
|
10,407 |
|
|
|
10,512 |
|
|
Tectura Corporation (8)(12) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
N/A |
|
Interest rate LIBOR + 10.00% or Floor rate of 13.00% |
|
$ |
6,468 |
|
|
|
6,468 |
|
|
|
1,990 |
|
|
|
|
Internet Consumer & Business Services |
|
Senior Secured |
|
N/A |
|
Interest rate LIBOR + 8.00% or Floor rate of 11.00%, PIK Interest 1.00% |
|
$ |
9,070 |
|
|
|
9,070 |
|
|
|
2,791 |
|
|
|
|
Internet Consumer & Business Services |
|
Senior Secured |
|
N/A |
|
Interest rate LIBOR + 10.00% or Floor rate of 13.00% |
|
$ |
563 |
|
|
|
563 |
|
|
|
173 |
|
|
|
|
Internet Consumer & Business Services |
|
Senior Secured |
|
N/A |
|
Interest rate LIBOR + 10.00% or Floor rate of 13.00% |
|
$ |
5,000 |
|
|
|
5,000 |
|
|
|
1,539 |
|
|
Total Tectura Corporation |
|
|
|
|
|
|
|
|
|
$ |
21,101 |
|
|
|
21,101 |
|
|
|
6,493 |
|
|
Vaultlogix, LLC (12)(13)(14) |
|
Internet Consumer & Business Services |
|
Senior Secured |
|
September 2015 |
|
Interest rate LIBOR + 7.00% or Floor rate of 8.50% |
|
$ |
5,740 |
|
|
|
5,876 |
|
|
|
5,876 |
|
|
Subtotal: Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
37,849 |
|
|
|
22,881 |
|
||
|
Subtotal: Internet Consumer & Business Services (15.70%)* |
|
|
|
|
|
|
|
|
|
|
|
|
117,373 |
|
|
|
103,019 |
|
||
See notes to consolidated financial statements.
11
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Maturity Date |
|
Interest Rate and Floor |
|
Principal Amount |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Media/Content/Info |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Rhapsody International, Inc. (12)(14) |
|
Media/Content/Info |
|
Senior Secured |
|
April 2018 |
|
Interest rate PRIME + 5.25% or Floor rate of 9.00%, PIK interest of 1.50% |
|
$ |
20,129 |
|
|
$ |
19,618 |
|
|
$ |
19,612 |
|
|
Zoom Media Group, Inc. (12) |
|
Media/Content/Info |
|
Senior Secured |
|
December 2015 |
|
Interest rate PRIME + 7.25% or Floor rate of 10.50%, PIK Interest 3.75% |
|
$ |
2,979 |
|
|
|
2,911 |
|
|
|
2,925 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
22,529 |
|
|
|
22,537 |
|
||
|
Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Zoom Media Group, Inc. (12) |
|
Media/Content/Info |
|
Senior Secured |
|
December 2014 |
|
Interest rate PRIME + 5.25% or Floor rate of 8.50% |
|
$ |
4,500 |
|
|
|
4,474 |
|
|
|
4,474 |
|
|
Subtotal: Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
4,474 |
|
|
|
4,474 |
|
||
|
Subtotal: Media/Content/Info (4.12%)* |
|
|
|
|
|
|
|
|
|
|
|
|
27,003 |
|
|
|
27,011 |
|
||
|
Medical Devices & Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Amedica Corporation (3)(9)(13)(14) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
January 2018 |
|
Interest rate PRIME + 7.70% or Floor rate of 10.95% |
|
$ |
20,000 |
|
|
|
19,501 |
|
|
|
19,783 |
|
|
Avedro, Inc. (13)(14) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
December 2017 |
|
Interest rate PRIME + 8.25% or Floor rate of 11.50% |
|
$ |
7,500 |
|
|
|
7,183 |
|
|
|
7,183 |
|
|
Baxano Surgical, Inc. (3)(13) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
March 2017 |
|
Interest rate PRIME + 7.75% or Floor rate of 12.50% |
|
$ |
7,500 |
|
|
|
7,405 |
|
|
|
4,925 |
|
|
Gamma Medica, Inc. (13) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
January 2018 |
|
Interest rate PRIME + 6.50% or Floor rate of 9.75% |
|
$ |
4,000 |
|
|
|
3,840 |
|
|
|
3,840 |
|
|
Home Dialysis Plus, Inc. (4)(13) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
October 2017 |
|
Interest rate PRIME + 4.35% or Floor rate of 9.60% |
|
$ |
15,000 |
|
|
|
14,732 |
|
|
|
14,732 |
|
|
InspireMD, Inc. (3)(5)(10)(13) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
February 2017 |
|
Interest rate PRIME + 5.00% or Floor rate of 10.50% |
|
$ |
9,710 |
|
|
|
9,694 |
|
|
|
9,653 |
|
|
Medrobotics Corporation (13)(14) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
March 2016 |
|
Interest rate PRIME + 7.85% or Floor rate of 11.10% |
|
$ |
3,170 |
|
|
|
3,223 |
|
|
|
3,217 |
|
|
NetBio, Inc. |
|
Medical Devices & Equipment |
|
Senior Secured |
|
August 2017 |
|
Interest rate PRIME + 5.00% or Floor rate of 11.00% |
|
$ |
5,000 |
|
|
|
4,796 |
|
|
|
4,878 |
|
|
NinePoint Medical, Inc. (13)(14) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
January 2016 |
|
Interest rate PRIME + 5.85% or Floor rate of 9.10% |
|
$ |
3,941 |
|
|
|
4,026 |
|
|
|
4,013 |
|
|
Quanterix Corporation (13) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
November 2017 |
|
Interest rate PRIME + 2.75% or Floor rate of 8.00% |
|
$ |
5,000 |
|
|
|
4,895 |
|
|
|
4,895 |
|
|
SonaCare Medical, LLC (pka US HIFU, LLC) (11)(13) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
April 2016 |
|
Interest rate PRIME + 7.75% or Floor rate of 11.00% |
|
$ |
4,167 |
|
|
|
4,402 |
|
|
|
4,315 |
|
|
SynergEyes, Inc. (13)(14) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
January 2018 |
|
Interest rate PRIME + 7.75% or Floor rate of 11.00% |
|
$ |
5,000 |
|
|
|
4,982 |
|
|
|
4,982 |
|
|
United Orthopedic Group, Inc. (13) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
July 2016 |
|
Interest rate PRIME + 8.60% or Floor rate of 11.85% |
|
$ |
24,288 |
|
|
|
24,334 |
|
|
|
24,577 |
|
|
ViewRay, Inc. (12)(14) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
June 2017 |
|
Interest rate PRIME + 7.00% or Floor rate of 10.25%, PIK Interest 1.50% |
|
$ |
15,163 |
|
|
|
14,807 |
|
|
|
14,603 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
127,820 |
|
|
|
125,596 |
|
||
|
Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Home Dialysis Plus, Inc. (4)(13) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
September 2015 |
|
Interest rate FIXED 8.00% |
|
$ |
500 |
|
|
|
500 |
|
|
|
500 |
|
|
Oraya Therapeutics, Inc. (11)(12)(13) |
|
Medical Devices & Equipment |
|
Senior Secured |
|
September 2015 |
|
Interest rate PRIME + 5.50% or Floor rate of 10.25%, PIK Interest of 1.00% |
|
$ |
6,159 |
|
|
|
6,120 |
|
|
|
4,443 |
|
|
Subtotal: Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
6,620 |
|
|
|
4,943 |
|
||
|
Subtotal: Medical Devices & Equipment (19.89%)* |
|
|
|
|
|
|
|
|
|
|
|
|
134,440 |
|
|
|
130,539 |
|
||
|
Semiconductors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Avnera Corporation (13) |
|
Semiconductors |
|
Senior Secured |
|
April 2017 |
|
Interest rate PRIME + 5.75% or Floor rate of 9.00% |
|
$ |
5,000 |
|
|
|
4,963 |
|
|
|
4,991 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
4,963 |
|
|
|
4,991 |
|
||
|
Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Achronix Semiconductor Corporation |
|
Semiconductors |
|
Senior Secured |
|
January 2015 |
|
Interest rate PRIME + 10.60% or Floor rate of 13.85% |
|
$ |
341 |
|
|
|
341 |
|
|
|
341 |
|
|
Subtotal: Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
341 |
|
|
|
341 |
|
||
|
Subtotal: Semiconductors (0.81%)* |
|
|
|
|
|
|
|
|
|
|
|
|
5,304 |
|
|
|
5,332 |
|
||
See notes to consolidated financial statements.
12
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Maturity Date |
|
Interest Rate and Floor |
|
Principal Amount |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Software |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
CareCloud Corporation (13)(14) |
|
Software |
|
Senior Secured |
|
July 2017 |
|
Interest rate PRIME + 5.50% or Floor rate of 8.75% |
|
$ |
10,000 |
|
|
$ |
9,792 |
|
|
$ |
9,792 |
|
|
Clickfox, Inc. (13)(14) |
|
Software |
|
Senior Secured |
|
September 2017 |
|
Interest rate PRIME + 8.25% or Floor rate of 11.50% |
|
$ |
6,000 |
|
|
|
5,981 |
|
|
|
5,981 |
|
|
Knowledge Adventure, Inc. (13)(14) |
|
Software |
|
Senior Secured |
|
March 2018 |
|
Interest rate PRIME + 8.25% or Floor rate of 11.50% |
|
$ |
11,750 |
|
|
|
11,712 |
|
|
|
11,770 |
|
|
Mobile Posse, Inc. (13)(14) |
|
Software |
|
Senior Secured |
|
December 2016 |
|
Interest rate PRIME + 7.50% or Floor rate of 10.75% |
|
$ |
3,274 |
|
|
|
3,241 |
|
|
|
3,274 |
|
|
Neos Geosolutions, Inc. (13)(14) |
|
Software |
|
Senior Secured |
|
May 2016 |
|
Interest rate PRIME + 5.75% or Floor rate of 10.50% |
|
$ |
2,707 |
|
|
|
2,811 |
|
|
|
2,829 |
|
|
Poplicus, Inc. (13)(14) |
|
Software |
|
Senior Secured |
|
June 2017 |
|
Interest rate PRIME + 5.25% or Floor rate of 8.50% |
|
$ |
1,500 |
|
|
|
1,493 |
|
|
|
1,493 |
|
|
Soasta, Inc. (13)(14) |
|
Software |
|
Senior Secured |
|
February 2018 |
|
Interest rate PRIME + 4.75% or Floor rate of 8.00% |
|
$ |
15,000 |
|
|
|
14,289 |
|
|
|
14,289 |
|
|
|
|
Software |
|
Senior Secured |
|
February 2018 |
|
Interest rate PRIME + 2.25% or Floor rate of 5.50% |
|
$ |
3,500 |
|
|
|
3,334 |
|
|
|
3,334 |
|
|
Total Soasta, Inc. |
|
|
|
|
|
|
|
|
|
$ |
18,500 |
|
|
|
17,623 |
|
|
|
17,623 |
|
|
Sonian, Inc. (13)(14) |
|
Software |
|
Senior Secured |
|
July 2017 |
|
Interest rate PRIME + 7.00% or Floor rate of 10.25% |
|
$ |
5,500 |
|
|
|
5,421 |
|
|
|
5,427 |
|
|
StartApp, Inc. (13) |
|
Software |
|
Senior Secured |
|
March 2017 |
|
Interest rate PRIME + 7.75% or Floor rate of 11.00% |
|
$ |
2,981 |
|
|
|
3,046 |
|
|
|
3,038 |
|
|
Touchcommerce, Inc. (14) |
|
Software |
|
Senior Secured |
|
June 2017 |
|
Interest rate PRIME + 6.00% or Floor rate of 10.25% |
|
$ |
5,000 |
|
|
|
4,692 |
|
|
|
4,742 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
65,812 |
|
|
|
65,969 |
|
||
|
Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Clickfox, Inc. (13)(14) |
|
Software |
|
Senior Secured |
|
July 2015 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00% |
|
$ |
2,000 |
|
|
|
2,000 |
|
|
|
2,000 |
|
|
|
|
Software |
|
Senior Secured |
|
January 2015 |
|
Interest rate PRIME + 9.25% or Floor rate of 12.50% |
|
$ |
2,500 |
|
|
|
2,494 |
|
|
|
2,494 |
|
|
Total Clickfox, Inc. |
|
|
|
|
|
|
|
|
|
$ |
4,500 |
|
|
|
4,494 |
|
|
|
4,494 |
|
|
Hillcrest Laboratories, Inc. (14) |
|
Software |
|
Senior Secured |
|
July 2015 |
|
Interest rate PRIME + 7.50% or Floor rate of 10.75% |
|
$ |
1,460 |
|
|
|
1,452 |
|
|
|
1,467 |
|
|
Mobile Posse, Inc. (14) |
|
Software |
|
Senior Secured |
|
June 2015 |
|
Interest rate PRIME + 2.00% or Floor rate of 5.25% |
|
$ |
500 |
|
|
|
489 |
|
|
|
489 |
|
|
StartApp, Inc. (13) |
|
Software |
|
Senior Secured |
|
December 2014 |
|
Interest rate PRIME + 2.75% or Floor rate of 6.00% |
|
$ |
200 |
|
|
|
200 |
|
|
|
200 |
|
|
Touchcommerce, Inc. (14) |
|
Software |
|
Senior Secured |
|
December 2014 |
|
Interest rate PRIME + 2.25% or Floor rate of 6.50% |
|
$ |
3,811 |
|
|
|
3,804 |
|
|
|
3,802 |
|
|
Subtotal: Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
10,439 |
|
|
|
10,452 |
|
||
|
Subtotal: Software (11.65%)* |
|
|
|
|
|
|
|
|
|
|
|
|
76,251 |
|
|
|
76,421 |
|
||
|
Specialty Pharmaceuticals |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Alimera Sciences, Inc. (3) |
|
Specialty Pharmaceuticals |
|
Senior Secured |
|
May 2018 |
|
Interest rate PRIME + 7.65% or Floor rate of 10.90% |
|
$ |
35,000 |
|
|
|
34,050 |
|
|
|
33,225 |
|
|
Cranford Pharmaceuticals, LLC (12)(13)(14) |
|
Specialty Pharmaceuticals |
|
Senior Secured |
|
February 2017 |
|
Interest rate LIBOR + 9.55% or Floor rate of 10.80%, PIK Interest of 1.35% |
|
$ |
17,137 |
|
|
|
17,007 |
|
|
|
16,922 |
|
|
Rockwell Medical, Inc. (13)(14) |
|
Specialty Pharmaceuticals |
|
Senior Secured |
|
March 2017 |
|
Interest rate PRIME + 9.25% or Floor rate of 12.50% |
|
$ |
19,436 |
|
|
|
19,840 |
|
|
|
19,840 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
70,897 |
|
|
|
69,987 |
|
||
|
Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Cranford Pharmaceuticals, LLC (12)(13)(14) |
|
Specialty Pharmaceuticals |
|
Senior Secured |
|
August 2015 |
|
Interest rate LIBOR + 8.25% or Floor rate of 9.50% |
|
$ |
2,500 |
|
|
|
2,467 |
|
|
|
2,470 |
|
|
Subtotal: Under 1 Year Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
2,467 |
|
|
|
2,470 |
|
||
|
Subtotal: Specialty Pharmaceuticals (11.04%)* |
|
|
|
|
|
|
|
|
|
|
|
|
73,364 |
|
|
|
72,457 |
|
||
|
Surgical Devices |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Transmedics, Inc. (11)(13) |
|
Surgical Devices |
|
Senior Secured |
|
November 2015 |
|
Interest rate FIXED 12.95% |
|
$ |
6,583 |
|
|
|
6,483 |
|
|
|
6,483 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
6,483 |
|
|
|
6,483 |
|
||
|
Subtotal: Surgical Devices (0.99%)* |
|
|
|
|
|
|
|
|
|
|
|
|
6,483 |
|
|
|
6,483 |
|
||
|
Total Debt Investments (138.36%)* |
|
|
|
|
|
|
|
|
|
|
|
|
929,616 |
|
|
|
907,923 |
|
||
See notes to consolidated financial statements.
13
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Series |
|
Shares |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Equity Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Biotechnology Tools |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
NuGEN Technologies, Inc. (14) |
|
Biotechnology Tools |
|
Equity |
|
Preferred Series C |
|
|
189,394 |
|
|
$ |
500 |
|
|
$ |
578 |
|
|
Subtotal: Biotechnology Tools (0.09%)* |
|
|
|
|
|
|
|
|
|
|
500 |
|
|
|
578 |
|
||
|
Communications & Networking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
GlowPoint, Inc. (3) |
|
Communications & Networking |
|
Equity |
|
Common Stock |
|
|
114,192 |
|
|
|
102 |
|
|
|
148 |
|
|
Peerless Network, Inc. |
|
Communications & Networking |
|
Equity |
|
Preferred Series A |
|
|
1,000,000 |
|
|
|
1,000 |
|
|
|
4,398 |
|
|
Stoke, Inc. |
|
Communications & Networking |
|
Equity |
|
Preferred Series E |
|
|
152,905 |
|
|
|
500 |
|
|
|
— |
|
|
Subtotal: Communications & Networking (0.69%)* |
|
|
|
|
|
|
|
|
|
|
1,602 |
|
|
|
4,546 |
|
||
|
Consumer & Business Products |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Caivis Acquisition Corporation (14) |
|
Consumer & Business Products |
|
Equity |
|
Common Stock |
|
|
295,861 |
|
|
|
819 |
|
|
|
— |
|
|
Market Force Information, Inc. |
|
Consumer & Business Products |
|
Equity |
|
Preferred Series B |
|
|
187,970 |
|
|
|
500 |
|
|
|
224 |
|
|
Subtotal: Consumer & Business Products (0.03%)* |
|
|
|
|
|
|
|
|
|
|
1,319 |
|
|
|
224 |
|
||
|
Diagnostic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Singulex, Inc. |
|
Diagnostic |
|
Equity |
|
Common Stock |
|
|
937,998 |
|
|
|
750 |
|
|
|
750 |
|
|
Subtotal: Diagnostic (0.11%)* |
|
|
|
|
|
|
|
|
|
|
750 |
|
|
|
750 |
|
||
|
Drug Delivery |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
AcelRx Pharmaceuticals, Inc. (3)(10)(14) |
|
Drug Delivery |
|
Equity |
|
Common Stock |
|
|
54,240 |
|
|
|
108 |
|
|
|
298 |
|
|
Merrion Pharmaceuticals, Plc (3)(5)(10) |
|
Drug Delivery |
|
Equity |
|
Common Stock |
|
|
20,000 |
|
|
|
9 |
|
|
|
— |
|
|
Neos Therapeutics, Inc. (14) |
|
Drug Delivery |
|
Equity |
|
Preferred Series C |
|
|
300,000 |
|
|
|
1,500 |
|
|
|
1,523 |
|
|
Transcept Pharmaceuticals, Inc. (3)(15) |
|
Drug Delivery |
|
Equity |
|
Common Stock |
|
|
41,570 |
|
|
|
500 |
|
|
|
84 |
|
|
Subtotal: Drug Delivery (0.29%)* |
|
|
|
|
|
|
|
|
|
|
2,117 |
|
|
|
1,905 |
|
||
|
Drug Discovery & Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Acceleron Pharma, Inc. (3)(14) |
|
Drug Discovery & Development |
|
Equity |
|
Common Stock |
|
|
147,001 |
|
|
|
1,025 |
|
|
|
4,401 |
|
|
Aveo Pharmaceuticals, Inc. (3)(10)(14) |
|
Drug Discovery & Development |
|
Equity |
|
Common Stock |
|
|
167,864 |
|
|
|
842 |
|
|
|
186 |
|
|
Celladon Corporation (3)(14) |
|
Drug Discovery & Development |
|
Equity |
|
Common Stock |
|
|
105,263 |
|
|
|
1,000 |
|
|
|
892 |
|
|
Cerecor Inc. |
|
Drug Discovery & Development |
|
Equity |
|
Preferred Series B |
|
|
3,334,445 |
|
|
|
1,000 |
|
|
|
1,008 |
|
|
Dicerna Pharmaceuticals, Inc. (3)(14) |
|
Drug Discovery & Development |
|
Equity |
|
Common Stock |
|
|
142,858 |
|
|
|
1,000 |
|
|
|
1,818 |
|
|
Inotek Pharmaceuticals Corporation |
|
Drug Discovery & Development |
|
Equity |
|
Common Stock |
|
|
15,334 |
|
|
|
1,500 |
|
|
|
— |
|
|
Merrimack Pharmaceuticals, Inc. (3) |
|
Drug Discovery & Development |
|
Equity |
|
Common Stock |
|
|
848,591 |
|
|
|
3,213 |
|
|
|
7,523 |
|
|
Paratek Pharmaceuticals, Inc. (15) |
|
Drug Discovery & Development |
|
Equity |
|
Common Stock |
|
|
2,881 |
|
|
|
5 |
|
|
|
2 |
|
|
|
|
Drug Discovery & Development |
|
Equity |
|
Preferred Series A |
|
|
167,468 |
|
|
|
1,126 |
|
|
|
156 |
|
|
Total Partek Pharmaceuticals, Inc. |
|
|
|
|
|
|
|
|
170,349 |
|
|
|
1,131 |
|
|
|
158 |
|
|
Subtotal: Drug Discovery & Development (2.44%)* |
|
|
|
|
|
|
|
|
|
|
10,711 |
|
|
|
15,986 |
|
||
|
Energy Technology |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Glori Energy, Inc. (3) |
|
Energy Technology |
|
Equity |
|
Common Stock |
|
|
18,208 |
|
|
|
165 |
|
|
|
142 |
|
|
SCIEnergy, Inc. |
|
Energy Technology |
|
Equity |
|
Preferred Series 1 |
|
|
385,000 |
|
|
|
761 |
|
|
|
25 |
|
|
Subtotal: Energy Technology (0.03%)* |
|
|
|
|
|
|
|
|
|
|
926 |
|
|
|
167 |
|
||
|
Information Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Good Technologies, Inc. (pka Visto Corporation)(14) |
|
Information Services |
|
Equity |
|
Common Stock |
|
|
500,000 |
|
|
|
603 |
|
|
|
473 |
|
|
Subtotal: Information Services (0.07%)* |
|
|
|
|
|
|
|
|
|
|
603 |
|
|
|
473 |
|
||
|
Internet Consumer & Business Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Blurb, Inc. (14) |
|
Internet Consumer & Business Services |
|
Equity |
|
Preferred Series B |
|
|
220,653 |
|
|
|
175 |
|
|
|
377 |
|
|
Philotic, Inc. |
|
Internet Consumer & Business Services |
|
Equity |
|
Common Stock |
|
|
8,121 |
|
|
|
93 |
|
|
|
— |
|
|
Progress Financial |
|
Internet Consumer & Business Services |
|
Equity |
|
Preferred Series G |
|
|
218,351 |
|
|
|
250 |
|
|
|
246 |
|
|
Taptera, Inc. |
|
Internet Consumer & Business Services |
|
Equity |
|
Preferred Series B |
|
|
454,545 |
|
|
|
150 |
|
|
|
152 |
|
|
Subtotal: Internet Consumer & Business Services (0.12%)* |
|
|
|
|
|
|
|
|
|
|
668 |
|
|
|
775 |
|
||
|
Media/Content/Info |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Everyday Health, Inc. (pka Waterfront Media, Inc.) (3) |
|
Media/Content/Info |
|
Equity |
|
Common Stock |
|
|
97,060 |
|
|
|
1,000 |
|
|
|
1,356 |
|
|
Subtotal: Media/Content/Info (0.21%)* |
|
|
|
|
|
|
|
|
|
|
1,000 |
|
|
|
1,356 |
|
||
See notes to consolidated financial statements.
14
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Series |
|
Shares |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Medical Devices & Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Gelesis, Inc. (6)(14) |
|
Medical Devices & Equipment |
|
Equity |
|
LLC Interest |
|
|
2,024,092 |
|
|
$ |
925 |
|
|
$ |
314 |
|
|
Medrobotics Corporation (14) |
|
Medical Devices & Equipment |
|
Equity |
|
Preferred Series E |
|
|
136,798 |
|
|
|
250 |
|
|
|
271 |
|
|
Novasys Medical, Inc. |
|
Medical Devices & Equipment |
|
Equity |
|
Preferred Series D-1 |
|
|
4,118,444 |
|
|
|
1,000 |
|
|
|
— |
|
|
Optiscan Biomedical, Corp. (6)(14) |
|
Medical Devices & Equipment |
|
Equity |
|
Preferred Series B |
|
|
6,185,567 |
|
|
|
3,000 |
|
|
|
421 |
|
|
|
|
Medical Devices & Equipment |
|
Equity |
|
Preferred Series C |
|
|
1,927,309 |
|
|
|
655 |
|
|
|
130 |
|
|
|
|
Medical Devices & Equipment |
|
Equity |
|
Preferred Series D |
|
|
55,103,923 |
|
|
|
5,257 |
|
|
|
5,257 |
|
|
Total Optiscan Biomedical, Corp. |
|
|
|
|
|
|
|
|
63,216,799 |
|
|
|
8,912 |
|
|
|
5,808 |
|
|
Oraya Therapeutics, Inc. |
|
Medical Devices & Equipment |
|
Equity |
|
Preferred Series 1 |
|
|
1,086,969 |
|
|
|
500 |
|
|
|
— |
|
|
Subtotal: Medical Devices & Equipment (0.97%)* |
|
|
|
|
|
|
|
|
|
|
11,587 |
|
|
|
6,393 |
|
||
|
Software |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Atrenta, Inc. |
|
Software |
|
Equity |
|
Preferred Series C |
|
|
1,196,845 |
|
|
|
986 |
|
|
|
1,391 |
|
|
Atrenta, Inc. |
|
Software |
|
Equity |
|
Preferred Series D |
|
|
635,513 |
|
|
|
508 |
|
|
|
1,098 |
|
|
Total Atrenta, Inc. |
|
|
|
|
|
|
|
|
1,832,358 |
|
|
|
1,494 |
|
|
|
2,489 |
|
|
Box, Inc. (14) |
|
Software |
|
Equity |
|
Preferred Series B |
|
|
271,070 |
|
|
|
251 |
|
|
|
5,439 |
|
|
|
|
Software |
|
Equity |
|
Preferred Series C |
|
|
589,844 |
|
|
|
872 |
|
|
|
11,834 |
|
|
|
|
Software |
|
Equity |
|
Preferred Series D |
|
|
158,133 |
|
|
|
500 |
|
|
|
3,173 |
|
|
|
|
Software |
|
Equity |
|
Preferred Series D-1 |
|
|
186,766 |
|
|
|
1,694 |
|
|
|
3,747 |
|
|
|
|
Software |
|
Equity |
|
Preferred Series D-2 |
|
|
220,751 |
|
|
|
2,001 |
|
|
|
4,429 |
|
|
|
|
Software |
|
Equity |
|
Preferred Series E |
|
|
38,183 |
|
|
|
500 |
|
|
|
766 |
|
|
Total Box, Inc. |
|
|
|
|
|
|
|
|
1,464,747 |
|
|
|
5,818 |
|
|
|
29,388 |
|
|
CapLinked, Inc. |
|
Software |
|
Equity |
|
Preferred Series A-3 |
|
|
53,614 |
|
|
|
51 |
|
|
|
90 |
|
|
ForeScout Technologies, Inc. |
|
Software |
|
Equity |
|
Preferred Series D |
|
|
319,099 |
|
|
|
398 |
|
|
|
724 |
|
|
HighRoads, Inc. |
|
Software |
|
Equity |
|
Preferred Series B |
|
|
190,170 |
|
|
|
307 |
|
|
|
146 |
|
|
Subtotal: Software (5.00%)* |
|
|
|
|
|
|
|
|
|
|
8,068 |
|
|
|
32,837 |
|
||
|
Specialty Pharmaceuticals |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
QuatRx Pharmaceuticals Company |
|
Specialty Pharmaceuticals |
|
Equity |
|
Preferred Series E |
|
|
241,829 |
|
|
|
750 |
|
|
|
— |
|
|
|
|
Specialty Pharmaceuticals |
|
Equity |
|
Preferred Series E-1 |
|
|
26,955 |
|
|
|
— |
|
|
|
— |
|
|
|
|
Specialty Pharmaceuticals |
|
Equity |
|
Preferred Series G |
|
|
4,667,636 |
|
|
|
— |
|
|
|
— |
|
|
Total QuatRx Pharmaceuticals Company |
|
|
|
|
|
|
|
|
4,936,420 |
|
|
|
750 |
|
|
|
— |
|
|
Subtotal: Specialty Pharmaceuticals (0.00%)* |
|
|
|
|
|
|
|
|
|
|
750 |
|
|
|
— |
|
||
|
Surgical Devices |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Gynesonics, Inc. (14) |
|
Surgical Devices |
|
Equity |
|
Preferred Series B |
|
|
219,298 |
|
|
|
250 |
|
|
|
83 |
|
|
|
|
Surgical Devices |
|
Equity |
|
Preferred Series C |
|
|
656,538 |
|
|
|
282 |
|
|
|
138 |
|
|
|
|
Surgical Devices |
|
Equity |
|
Preferred Series D |
|
|
1,991,157 |
|
|
|
712 |
|
|
|
1,000 |
|
|
Total Gynesonics, Inc. |
|
|
|
|
|
|
|
|
2,866,993 |
|
|
|
1,244 |
|
|
|
1,221 |
|
|
Transmedics, Inc. |
|
Surgical Devices |
|
Equity |
|
Preferred Series B |
|
|
88,961 |
|
|
|
1,100 |
|
|
|
292 |
|
|
|
|
Surgical Devices |
|
Equity |
|
Preferred Series C |
|
|
119,999 |
|
|
|
300 |
|
|
|
158 |
|
|
|
|
Surgical Devices |
|
Equity |
|
Preferred Series D |
|
|
260,000 |
|
|
|
650 |
|
|
|
928 |
|
|
Total Transmedics, Inc. |
|
|
|
|
|
|
|
|
468,960 |
|
|
|
2,050 |
|
|
|
1,378 |
|
|
Subtotal: Surgical Devices (0.40%)* |
|
|
|
|
|
|
|
|
|
|
3,294 |
|
|
|
2,599 |
|
||
|
Total Equity Investments (10.45%)* |
|
|
|
|
|
|
|
|
|
|
43,895 |
|
|
|
68,589 |
|
||
See notes to consolidated financial statements.
15
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Series |
|
Shares |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Warrant Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Biotechnology Tools |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Labcyte, Inc. (14) |
|
Biotechnology Tools |
|
Warrant |
|
Preferred Series C |
|
|
1,127,624 |
|
|
$ |
323 |
|
|
$ |
54 |
|
|
Subtotal: Biotechnology Tools (0.01%)* |
|
|
|
|
|
|
|
|
|
|
323 |
|
|
|
54 |
|
||
|
Communications & Networking |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Intelepeer, Inc. (14) |
|
Communications & Networking |
|
Warrant |
|
Preferred Series C |
|
|
117,958 |
|
|
|
102 |
|
|
|
31 |
|
|
OpenPeak, Inc. |
|
Communications & Networking |
|
Warrant |
|
Common Stock |
|
|
108,982 |
|
|
|
149 |
|
|
|
121 |
|
|
PeerApp, Inc. |
|
Communications & Networking |
|
Warrant |
|
Preferred Series B |
|
|
298,779 |
|
|
|
61 |
|
|
|
42 |
|
|
Peerless Network, Inc. |
|
Communications & Networking |
|
Warrant |
|
Preferred Series A |
|
|
135,000 |
|
|
|
95 |
|
|
|
467 |
|
|
Ping Identity Corporation |
|
Communications & Networking |
|
Warrant |
|
Preferred Series B |
|
|
1,136,277 |
|
|
|
52 |
|
|
|
102 |
|
|
SkyCross, Inc. (14) |
|
Communications & Networking |
|
Warrant |
|
Preferred Series F |
|
|
9,762,777 |
|
|
|
393 |
|
|
|
417 |
|
|
Spring Mobile Solutions, Inc. |
|
Communications & Networking |
|
Warrant |
|
Preferred Series D |
|
|
2,834,375 |
|
|
|
418 |
|
|
|
358 |
|
|
Stoke, Inc. |
|
Communications & Networking |
|
Warrant |
|
Preferred Series D |
|
|
118,181 |
|
|
|
65 |
|
|
|
— |
|
|
Subtotal: Communications & Networking (0.23%)* |
|
|
|
|
|
|
|
|
|
|
1,335 |
|
|
|
1,538 |
|
||
|
Consumer & Business Products |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intelligent Beauty, Inc. (14) |
|
Consumer & Business Products |
|
Warrant |
|
Preferred Series B |
|
|
190,234 |
|
|
|
230 |
|
|
|
365 |
|
|
Market Force Information, Inc. |
|
Consumer & Business Products |
|
Warrant |
|
Preferred Series A |
|
|
99,286 |
|
|
|
24 |
|
|
|
2 |
|
|
Pong Research Corporation (14) |
|
Consumer & Business Products |
|
Warrant |
|
Preferred Series A |
|
|
1,662,441 |
|
|
|
228 |
|
|
|
197 |
|
|
The Neat Company (14) |
|
Consumer & Business Products |
|
Warrant |
|
Preferred Series C-1 |
|
|
540,540 |
|
|
|
365 |
|
|
|
328 |
|
|
Subtotal: Consumer & Business Products (0.14%)* |
|
|
|
|
|
|
|
|
|
|
847 |
|
|
|
892 |
|
||
|
Diagnostic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Navidea Biopharmaceuticals, Inc. (pka Neoprobe) (3)(14) |
|
Diagnostic |
|
Warrant |
|
Common Stock |
|
|
333,333 |
|
|
|
244 |
|
|
|
25 |
|
|
Subtotal: Diagnostic (0.00%)* |
|
|
|
|
|
|
|
|
|
|
244 |
|
|
|
25 |
|
||
|
Drug Delivery |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
AcelRx Pharmaceuticals, Inc. (3)(10)(14) |
|
Drug Delivery |
|
Warrant |
|
Common Stock |
|
|
176,730 |
|
|
|
786 |
|
|
|
330 |
|
|
Alexza Pharmaceuticals, Inc. (3) |
|
Drug Delivery |
|
Warrant |
|
Common Stock |
|
|
37,639 |
|
|
|
645 |
|
|
|
— |
|
|
BIND Therapeutics, Inc. (3)(14) |
|
Drug Delivery |
|
Warrant |
|
Common Stock |
|
|
71,359 |
|
|
|
367 |
|
|
|
43 |
|
|
Celator Pharmaceuticals, Inc. (3) |
|
Drug Delivery |
|
Warrant |
|
Common Stock |
|
|
158,006 |
|
|
|
107 |
|
|
|
92 |
|
|
Celsion Corporation (3) |
|
Drug Delivery |
|
Warrant |
|
Common Stock |
|
|
194,986 |
|
|
|
428 |
|
|
|
341 |
|
|
Dance Biopharm, Inc. (14) |
|
Drug Delivery |
|
Warrant |
|
Preferred Series A |
|
|
97,701 |
|
|
|
74 |
|
|
|
164 |
|
|
Edge Therapeutics, Inc. |
|
Drug Delivery |
|
Warrant |
|
Preferred Series C |
|
|
129,870 |
|
|
|
390 |
|
|
|
392 |
|
|
Intelliject, Inc. |
|
Drug Delivery |
|
Warrant |
|
Preferred Series B |
|
|
82,500 |
|
|
|
593 |
|
|
|
1,119 |
|
|
Neos Therapeutics, Inc. (14) |
|
Drug Delivery |
|
Warrant |
|
Preferred Series C |
|
|
170,000 |
|
|
|
285 |
|
|
|
275 |
|
|
Revance Therapeutics, Inc. (3) |
|
Drug Delivery |
|
Warrant |
|
Common Stock |
|
|
53,511 |
|
|
|
558 |
|
|
|
95 |
|
|
Transcept Pharmaceuticals, Inc. (3)(15) |
|
Drug Delivery |
|
Warrant |
|
Common Stock |
|
|
61,452 |
|
|
|
87 |
|
|
|
— |
|
|
Zosano Pharma, Inc. |
|
Drug Delivery |
|
Warrant |
|
Common Stock |
|
|
31,674 |
|
|
|
164 |
|
|
|
109 |
|
|
Subtotal: Drug Delivery (0.45%)* |
|
|
|
|
|
|
|
|
|
|
4,484 |
|
|
|
2,960 |
|
||
|
Drug Discovery & Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
ADMA Biologics, Inc. (3) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
66,550 |
|
|
|
218 |
|
|
|
230 |
|
|
Anthera Pharmaceuticals, Inc. (3)(14) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
40,178 |
|
|
|
984 |
|
|
|
— |
|
|
Aveo Pharmaceuticals, Inc. (3)(10)(14) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
608,696 |
|
|
|
194 |
|
|
|
184 |
|
|
Cempra, Inc. (3) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
138,797 |
|
|
|
458 |
|
|
|
538 |
|
|
Cerecor Inc. |
|
Drug Discovery & Development |
|
Warrant |
|
Preferred Series B |
|
|
625,208 |
|
|
|
70 |
|
|
|
68 |
|
|
Chroma Therapeutics, Ltd. (5)(10) |
|
Drug Discovery & Development |
|
Warrant |
|
Preferred Series D |
|
|
325,261 |
|
|
|
490 |
|
|
|
— |
|
|
Cleveland BioLabs, Inc. (3)(14) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
156,250 |
|
|
|
105 |
|
|
|
24 |
|
|
Concert Pharmaceuticals, Inc. (3) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
70,796 |
|
|
|
368 |
|
|
|
144 |
|
|
Coronado Biosciences, Inc. (3) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
73,009 |
|
|
|
142 |
|
|
|
38 |
|
|
Dicerna Pharmaceuticals, Inc. (3)(14) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
200 |
|
|
|
28 |
|
|
|
— |
|
|
Epirus Biopharmaceuticals, Inc. (3) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
64,194 |
|
|
|
276 |
|
|
|
276 |
|
|
Horizon Pharma, Inc. (3) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
22,408 |
|
|
|
231 |
|
|
|
23 |
|
|
Neothetics, Inc. (pka Lithera, Inc)(14) |
|
Drug Discovery & Development |
|
Warrant |
|
Preferred Series C |
|
|
114,285 |
|
|
|
89 |
|
|
|
89 |
|
|
Nanotherapeutics, Inc. (14) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
50,296 |
|
|
|
838 |
|
|
|
839 |
|
|
uniQure B.V. (3)(5)(10) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
37,174 |
|
|
|
218 |
|
|
|
79 |
|
|
Subtotal: Drug Discovery & Development (0.39%)* |
|
|
|
|
|
|
|
|
|
|
4,709 |
|
|
|
2,532 |
|
||
See notes to consolidated financial statements.
16
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Series |
|
Shares |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Electronics & Computer Hardware |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Clustrix, Inc. |
|
Electronics & Computer Hardware |
|
Warrant |
|
Common Stock |
|
|
50,000 |
|
|
$ |
12 |
|
|
$ |
11 |
|
|
Identiv, Inc. (3) |
|
Electronics & Computer Hardware |
|
Warrant |
|
Common Stock |
|
|
99,208 |
|
|
|
247 |
|
|
|
584 |
|
|
Subtotal: Electronics & Computer Hardware (0.09%)* |
|
|
|
|
|
|
|
|
|
|
259 |
|
|
|
595 |
|
||
|
Energy Technology |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Agrivida, Inc. (14) |
|
Energy Technology |
|
Warrant |
|
Preferred Series C |
|
|
77,447 |
|
|
|
120 |
|
|
|
— |
|
|
Alphabet Energy, Inc. (14) |
|
Energy Technology |
|
Warrant |
|
Preferred Series A |
|
|
86,329 |
|
|
|
81 |
|
|
|
145 |
|
|
American Superconductor Corporation (3) |
|
Energy Technology |
|
Warrant |
|
Common Stock |
|
|
512,820 |
|
|
|
391 |
|
|
|
86 |
|
|
Brightsource Energy, Inc. (14) |
|
Energy Technology |
|
Warrant |
|
Preferred Series 1 |
|
|
175,000 |
|
|
|
780 |
|
|
|
220 |
|
|
Calera, Inc. (14) |
|
Energy Technology |
|
Warrant |
|
Preferred Series C |
|
|
44,529 |
|
|
|
513 |
|
|
|
— |
|
|
EcoMotors, Inc. (14) |
|
Energy Technology |
|
Warrant |
|
Preferred Series B |
|
|
437,500 |
|
|
|
308 |
|
|
|
368 |
|
|
Fluidic, Inc. |
|
Energy Technology |
|
Warrant |
|
Preferred Series C |
|
|
59,665 |
|
|
|
102 |
|
|
|
70 |
|
|
Fulcrum Bioenergy, Inc. |
|
Energy Technology |
|
Warrant |
|
Preferred Series C-1 |
|
|
280,897 |
|
|
|
275 |
|
|
|
204 |
|
|
GreatPoint Energy, Inc. (14) |
|
Energy Technology |
|
Warrant |
|
Preferred Series D-1 |
|
|
393,212 |
|
|
|
548 |
|
|
|
— |
|
|
Polyera Corporation (14) |
|
Energy Technology |
|
Warrant |
|
Preferred Series C |
|
|
161,575 |
|
|
|
69 |
|
|
|
161 |
|
|
Propel Fuels (14) |
|
Energy Technology |
|
Warrant |
|
Preferred Series C |
|
|
3,200,000 |
|
|
|
211 |
|
|
|
— |
|
|
SCIEnergy, Inc. |
|
Energy Technology |
|
Warrant |
|
Common Stock |
|
|
530,811 |
|
|
|
181 |
|
|
|
— |
|
|
|
|
Energy Technology |
|
Warrant |
|
Preferred Series 1 |
|
|
145,811 |
|
|
|
50 |
|
|
|
— |
|
|
Total SCIEnergy, Inc. |
|
|
|
|
|
|
|
|
676,622 |
|
|
|
231 |
|
|
|
— |
|
|
Scifiniti (pka Integrated Photovoltaics, Inc.) (14) |
|
Energy Technology |
|
Warrant |
|
Preferred Series A-1 |
|
|
390,000 |
|
|
|
82 |
|
|
|
67 |
|
|
Solexel, Inc. (14) |
|
Energy Technology |
|
Warrant |
|
Preferred Series C |
|
|
1,171,625 |
|
|
|
1,162 |
|
|
|
614 |
|
|
Stion Corporation (6) |
|
Energy Technology |
|
Warrant |
|
Preferred Series Seed |
|
|
2,154 |
|
|
|
1,378 |
|
|
|
— |
|
|
TAS Energy, Inc. |
|
Energy Technology |
|
Warrant |
|
Preferred Series F |
|
|
428,571 |
|
|
|
299 |
|
|
|
302 |
|
|
TPI Composites, Inc. |
|
Energy Technology |
|
Warrant |
|
Preferred Series B |
|
|
160 |
|
|
|
273 |
|
|
|
136 |
|
|
Trilliant, Inc. (14) |
|
Energy Technology |
|
Warrant |
|
Preferred Series A |
|
|
320,000 |
|
|
|
161 |
|
|
|
41 |
|
|
Subtotal: Energy Technology (0.37%)* |
|
|
|
|
|
|
|
|
|
|
6,984 |
|
|
|
2,414 |
|
||
|
Healthcare Services, Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Chromadex Corporation (3)(14) |
|
Drug Discovery & Development |
|
Warrant |
|
Common Stock |
|
|
419,020 |
|
|
|
157 |
|
|
|
159 |
|
|
MDEverywhere, Inc. |
|
Healthcare Services, Other |
|
Warrant |
|
Common Stock |
|
|
129 |
|
|
|
93 |
|
|
|
29 |
|
|
Subtotal: Healthcare Services, Other (0.03%)* |
|
|
|
|
|
|
|
|
|
|
250 |
|
|
|
188 |
|
||
|
Information Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cha Cha Search, Inc. (14) |
|
Information Services |
|
Warrant |
|
Preferred Series G |
|
|
48,232 |
|
|
|
58 |
|
|
|
14 |
|
|
InXpo, Inc. (14) |
|
Information Services |
|
Warrant |
|
Preferred Series C |
|
|
648,400 |
|
|
|
98 |
|
|
|
13 |
|
|
|
|
Information Services |
|
Warrant |
|
Preferred Series C-1 |
|
|
740,832 |
|
|
|
58 |
|
|
|
15 |
|
|
Total InXpo, Inc. |
|
|
|
|
|
|
|
|
1,389,232 |
|
|
|
156 |
|
|
|
28 |
|
|
Jab Wireless, Inc. (14) |
|
Information Services |
|
Warrant |
|
Preferred Series A |
|
|
266,567 |
|
|
|
265 |
|
|
|
934 |
|
|
RichRelevance, Inc. (14) |
|
Information Services |
|
Warrant |
|
Preferred Series E |
|
|
112,612 |
|
|
|
98 |
|
|
|
— |
|
|
Subtotal: Information Services (0.15%)* |
|
|
|
|
|
|
|
|
|
|
577 |
|
|
|
976 |
|
||
|
Internet Consumer & Business Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Blurb, Inc. (14) |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series B |
|
|
218,684 |
|
|
|
299 |
|
|
|
88 |
|
|
|
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series C |
|
|
234,280 |
|
|
|
636 |
|
|
|
180 |
|
|
Total Blurb, Inc. |
|
|
|
|
|
|
|
|
452,964 |
|
|
|
935 |
|
|
|
268 |
|
|
CashStar, Inc. (14) |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series C-2 |
|
|
727,272 |
|
|
|
130 |
|
|
|
57 |
|
|
Gazelle, Inc. (14) |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series A-1 |
|
|
991,288 |
|
|
|
158 |
|
|
|
158 |
|
|
Just Fabulous, Inc. |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series B |
|
|
206,184 |
|
|
|
1,102 |
|
|
|
1,521 |
|
|
LightSpeed Retail, Inc. (5)(10) |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series C |
|
|
24,561 |
|
|
|
20 |
|
|
|
63 |
|
|
Prism Education Group, Inc. (14) |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series B |
|
|
200,000 |
|
|
|
43 |
|
|
|
— |
|
|
Progress Financial |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series G |
|
|
174,562 |
|
|
|
78 |
|
|
|
32 |
|
|
Reply! Inc. |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series B |
|
|
137,225 |
|
|
|
320 |
|
|
|
9 |
|
|
ShareThis, Inc. (14) |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series C |
|
|
493,502 |
|
|
|
547 |
|
|
|
133 |
|
|
Tapjoy, Inc. |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series D |
|
|
430,485 |
|
|
|
263 |
|
|
|
93 |
|
|
Tectura Corporation |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series B-1 |
|
|
253,378 |
|
|
|
51 |
|
|
|
— |
|
|
WaveMarket, Inc. |
|
Internet Consumer & Business Services |
|
Warrant |
|
Preferred Series B-1 |
|
|
1,083,779 |
|
|
|
105 |
|
|
|
— |
|
|
Subtotal: Internet Consumer & Business Services (0.36%)* |
|
|
|
|
|
|
|
|
|
|
3,752 |
|
|
|
2,334 |
|
||
See notes to consolidated financial statements.
17
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Series |
|
Shares |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Media/Content/Info |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Everyday Health, Inc. (pka Waterfront Media,Inc.) (3) |
|
Media/Content/Info |
|
Warrant |
|
Common Stock |
|
|
73,345 |
|
|
$ |
60 |
|
|
$ |
499 |
|
|
Mode Media Corporation (14) |
|
Media/Content/Info |
|
Warrant |
|
Preferred Series D |
|
|
407,457 |
|
|
|
482 |
|
|
|
— |
|
|
Rhapsody International, Inc. (14) |
|
Media/Content/Info |
|
Warrant |
|
Common Stock |
|
|
715,755 |
|
|
|
384 |
|
|
|
165 |
|
|
Zoom Media Group, Inc. |
|
Media/Content/Info |
|
Warrant |
|
Preferred Series A |
|
|
1,204 |
|
|
|
348 |
|
|
|
330 |
|
|
Subtotal: Media/Content/Info (0.15%)* |
|
|
|
|
|
|
|
|
|
|
1,274 |
|
|
|
994 |
|
||
|
Medical Devices & Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Amedica Corporation (3)(14) |
|
Medical Devices & Equipment |
|
Warrant |
|
Common Stock |
|
|
516,129 |
|
|
|
459 |
|
|
|
13 |
|
|
Avedro, Inc. (14) |
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series D |
|
|
1,308,451 |
|
|
|
400 |
|
|
|
358 |
|
|
Baxano Surgical, Inc. (3) |
|
Medical Devices & Equipment |
|
Warrant |
|
Common Stock |
|
|
882,353 |
|
|
|
439 |
|
|
|
53 |
|
|
Gamma Medica, Inc. |
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series A |
|
|
357,500 |
|
|
|
170 |
|
|
|
171 |
|
|
Gelesis, Inc. (6)(14) |
|
Medical Devices & Equipment |
|
Warrant |
|
LLC Interest |
|
|
263,688 |
|
|
|
78 |
|
|
|
2 |
|
|
Home Dialysis Plus, Inc. |
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series A |
|
|
500,000 |
|
|
|
403 |
|
|
|
438 |
|
|
InspireMD, Inc. (3)(5)(10) |
|
Medical Devices & Equipment |
|
Warrant |
|
Common Stock |
|
|
168,351 |
|
|
|
242 |
|
|
|
102 |
|
|
Medrobotics Corporation (14) |
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series E |
|
|
455,539 |
|
|
|
370 |
|
|
|
259 |
|
|
MELA Sciences, Inc. (3) |
|
Medical Devices & Equipment |
|
Warrant |
|
Common Stock |
|
|
69,320 |
|
|
|
400 |
|
|
|
3 |
|
|
NetBio, Inc. |
|
Medical Devices & Equipment |
|
Warrant |
|
Common Stock |
|
|
2,568 |
|
|
|
408 |
|
|
|
62 |
|
|
NinePoint Medical, Inc. (14) |
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series A-1 |
|
|
587,840 |
|
|
|
170 |
|
|
|
169 |
|
|
Novasys Medical, Inc. |
|
Medical Devices & Equipment |
|
Warrant |
|
Common Stock |
|
|
109,449 |
|
|
|
2 |
|
|
|
— |
|
|
|
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series D |
|
|
526,840 |
|
|
|
125 |
|
|
|
— |
|
|
|
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series D-1 |
|
|
53,607 |
|
|
|
6 |
|
|
|
— |
|
|
Total Novasys Medical, Inc. |
|
|
|
|
|
|
|
|
689,896 |
|
|
|
133 |
|
|
|
— |
|
|
Optiscan Biomedical, Corp. (6)(14) |
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series D |
|
|
10,535,275 |
|
|
|
1,252 |
|
|
|
221 |
|
|
Oraya Therapeutics, Inc. |
|
Medical Devices & Equipment |
|
Warrant |
|
Common Stock |
|
|
954 |
|
|
|
66 |
|
|
|
— |
|
|
|
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series 1 |
|
|
1,632,084 |
|
|
|
678 |
|
|
|
— |
|
|
Total Oraya Therapeutics, Inc. |
|
|
|
|
|
|
|
|
1,633,038 |
|
|
|
744 |
|
|
|
— |
|
|
Quanterix Corporation |
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series C |
|
|
69,371 |
|
|
|
103 |
|
|
|
91 |
|
|
SonaCare Medical, LLC (pka US HIFU, LLC) |
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series A |
|
|
409,704 |
|
|
|
188 |
|
|
|
— |
|
|
United Orthopedic Group, Inc. |
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series A |
|
|
423,076 |
|
|
|
608 |
|
|
|
— |
|
|
ViewRay, Inc. (14) |
|
Medical Devices & Equipment |
|
Warrant |
|
Preferred Series C |
|
|
312,500 |
|
|
|
333 |
|
|
|
280 |
|
|
Subtotal: Medical Devices & Equipment (0.34%)* |
|
|
|
|
|
|
|
|
|
|
6,900 |
|
|
|
2,222 |
|
||
|
Semiconductors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Achronix Semiconductor Corporation |
|
Semiconductors |
|
Warrant |
|
Preferred Series C |
|
|
360,000 |
|
|
|
159 |
|
|
|
1 |
|
|
Avnera Corporation |
|
Semiconductors |
|
Warrant |
|
Preferred Series E |
|
|
102,958 |
|
|
|
14 |
|
|
|
21 |
|
|
SiTime Corporation (14) |
|
Semiconductors |
|
Warrant |
|
Preferred Series G |
|
|
195,683 |
|
|
|
24 |
|
|
|
— |
|
|
Subtotal: Semiconductors (0.00%)* |
|
|
|
|
|
|
|
|
|
|
197 |
|
|
|
22 |
|
||
|
Software |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Atrenta, Inc. |
|
Software |
|
Warrant |
|
Preferred Series D |
|
|
392,670 |
|
|
|
120 |
|
|
|
350 |
|
|
Braxton Technologies, LLC |
|
Software |
|
Warrant |
|
Preferred Series A |
|
|
168,750 |
|
|
|
188 |
|
|
|
— |
|
|
CareCloud Corporation (14) |
|
Software |
|
Warrant |
|
Preferred Series B |
|
|
413,433 |
|
|
|
258 |
|
|
|
423 |
|
|
Central Desktop, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series B |
|
|
522,769 |
|
|
|
108 |
|
|
|
296 |
|
|
Clickfox, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series B |
|
|
1,038,563 |
|
|
|
330 |
|
|
|
456 |
|
|
|
|
Software |
|
Warrant |
|
Preferred Series C |
|
|
592,019 |
|
|
|
730 |
|
|
|
354 |
|
|
|
|
Software |
|
Warrant |
|
Preferred Series C-A |
|
|
46,109 |
|
|
|
14 |
|
|
|
20 |
|
|
Total Clickfox, Inc. |
|
|
|
|
|
|
|
|
1,676,691 |
|
|
|
1,074 |
|
|
|
830 |
|
|
Daegis Inc. (pka Unify Corporation) (3)(14) |
|
Software |
|
Warrant |
|
Common Stock |
|
|
718,860 |
|
|
|
1,434 |
|
|
|
4 |
|
|
ForeScout Technologies, Inc. |
|
Software |
|
Warrant |
|
Preferred Series E |
|
|
80,587 |
|
|
|
41 |
|
|
|
57 |
|
|
Hillcrest Laboratories, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series E |
|
|
1,865,650 |
|
|
|
54 |
|
|
|
79 |
|
|
Knowledge Holdings, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series E |
|
|
550,781 |
|
|
|
15 |
|
|
|
7 |
|
|
Mobile Posse, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series C |
|
|
396,430 |
|
|
|
130 |
|
|
|
79 |
|
|
Neos Geosolutions, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series 3 |
|
|
221,150 |
|
|
|
22 |
|
|
|
— |
|
|
Soasta, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series E |
|
|
410,800 |
|
|
|
691 |
|
|
|
772 |
|
|
Sonian, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series C |
|
|
185,949 |
|
|
|
106 |
|
|
|
58 |
|
|
SugarSync, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series CC |
|
|
332,726 |
|
|
|
78 |
|
|
|
87 |
|
|
|
|
Software |
|
Warrant |
|
Preferred Series DD |
|
|
107,526 |
|
|
|
33 |
|
|
|
31 |
|
|
Total SugarSync, Inc. |
|
|
|
|
|
|
|
|
440,252 |
|
|
|
111 |
|
|
|
118 |
|
|
Touchcommerce, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series E |
|
|
992,595 |
|
|
|
252 |
|
|
|
123 |
|
|
White Sky, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series B-2 |
|
|
124,295 |
|
|
|
54 |
|
|
|
3 |
|
|
WildTangent, Inc. (14) |
|
Software |
|
Warrant |
|
Preferred Series 3 |
|
|
100,000 |
|
|
|
238 |
|
|
|
46 |
|
|
Subtotal: Software (0.49%)* |
|
|
|
|
|
|
|
|
|
|
4,896 |
|
|
|
3,245 |
|
||
See notes to consolidated financial statements.
18
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
September 30, 2014
(unaudited)
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of Investment(1) |
|
Series |
|
Shares |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Specialty Pharmaceuticals |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Alimera Sciences, Inc. (3) |
|
Specialty Pharmaceuticals |
|
Warrant |
|
Common Stock |
|
|
285,016 |
|
|
$ |
728 |
|
|
$ |
670 |
|
|
QuatRx Pharmaceuticals Company |
|
Specialty Pharmaceuticals |
|
Warrant |
|
Preferred Series E |
|
|
155,324 |
|
|
|
308 |
|
|
|
— |
|
|
Subtotal: Specialty Pharmaceuticals (0.10%)* |
|
|
|
|
|
|
|
|
|
|
1,036 |
|
|
|
670 |
|
||
|
Surgical Devices |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gynesonics, Inc. (14) |
|
Surgical Devices |
|
Warrant |
|
Preferred Series C |
|
|
180,480 |
|
|
|
74 |
|
|
|
30 |
|
|
|
|
Surgical Devices |
|
Warrant |
|
Preferred Series D |
|
|
1,575,965 |
|
|
|
320 |
|
|
|
408 |
|
|
Total Gynesonics, Inc. |
|
|
|
|
|
|
|
|
1,756,445 |
|
|
|
394 |
|
|
|
438 |
|
|
Transmedics, Inc. |
|
Surgical Devices |
|
Warrant |
|
Preferred Series B |
|
|
40,436 |
|
|
|
225 |
|
|
|
2 |
|
|
|
|
Surgical Devices |
|
Warrant |
|
Preferred Series D |
|
|
175,000 |
|
|
|
100 |
|
|
|
300 |
|
|
Total Transmedics, Inc. |
|
|
|
|
|
|
|
|
215,436 |
|
|
|
325 |
|
|
|
302 |
|
|
Subtotal: Surgical Devices (0.11%)* |
|
|
|
|
|
|
|
|
|
|
719 |
|
|
|
740 |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Warrant Investments (3.41%)* |
|
|
|
|
|
|
|
|
|
|
38,786 |
|
|
|
22,401 |
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments (152.23%)* |
|
|
|
|
|
|
|
|
|
$ |
1,012,297 |
|
|
$ |
998,913 |
|
||
|
* |
Value as a percent of net assets |
|
(1) |
Preferred and common stock, warrants, and equity interests are generally non-income producing. |
|
(2) |
Gross unrealized appreciation, gross unrealized depreciation, and net depreciation for federal income tax purposes totaled $42.7 million, $59.7 million and $17.0 million respectively. The tax cost of investments is $1.0 billion. |
|
(3) |
Except for warrants in twenty-nine publicly traded companies and common stock in eleven publicly traded companies, all investments are restricted at September 30, 2014 and were valued at fair value as determined in good faith by the Audit Committee of the Board of Directors. No unrestricted securities of the same issuer are outstanding. The Company uses the Standard Industrial Code for classifying the industry grouping of its portfolio companies. |
|
(4) |
Debt investments of this portfolio company have been pledged as collateral under the Wells Facility. |
|
(5) |
Non-U.S. company or the company’s principal place of business is outside the United States. |
|
(6) |
Affiliate investment that is defined under the Investment Company Act of 1940 as companies in which HTGC owns at least 5% but not more than 25% of the voting securities of the company. |
|
(7) |
Control investment that is defined under the Investment Company Act of 1940 as companies in which HTGC owns at least 25% of the voting securities of the company or has greater than 50% representation on its board. There were no control investments at September 30, 2014. |
|
(8) |
Debt is on non-accrual status at September 30, 2014, and is therefore considered non-income producing. |
|
(9) |
Denotes that all or a portion of the debt investment is convertible senior debt. |
|
(10) |
Indicates assets that the Company deems not “qualifying assets” under section 55(a) of the Investment Company Act of 1940, as amended. Qualifying assets must represent at least 70% of the Company’s total assets at the time of acquisition of any additional non-qualifying assets. |
|
(11) |
Denotes that all or a portion of the debt investment secures the notes offered in the Debt Securitization (as defined in Note 4). |
|
(12) |
Denotes that all or a portion of the debt investment principal includes accumulated PIK, or paid-in-kind, interest and is net of repayments. |
|
(13) |
Denotes that all or a portion of the debt investment includes an exit fee receivable. |
|
(14) |
Denotes that all or a portion of the investment in this portfolio company is held by HT II or HT III, the Company’s wholly-owned SBIC subsidiaries. |
|
(15) |
Subsequent to September 30, 2014, this company completed a public merger. Note that the September 30, 2014 fair value does not reflect any potential impact of the conversion of our shares to the new entity. |
See notes to consolidated financial statements.
19
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
December 31, 2013
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of |
|
Maturity |
|
Interest Rate and Floor |
|
Principal |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Debt |
|
|
|
|
|
|||||||||||||||
|
Biotechnology Tools |
|
|
|
|
|
|||||||||||||||
|
1-5 Years Maturity |
|
|
|
|
|
|||||||||||||||
|
Labcyte, Inc.(11) |
|
Biotechnology Tools |
|
Senior Secured |
|
June 2016 |
|
Interest rate PRIME + 6.70% or Floor rate of 9.95% |
|
$ |
4,270 |
|
|
$ |
4,323 |
|
|
$ |
4,289 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
4,323 |
|
|
|
4,289 |
|
|||||||||||
|
Subtotal: Biotechnology Tools (0.66%)* |
|
|
|
4,323 |
|
|
|
4,289 |
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Energy Technology |
|
|
|
|
|
|||||||||||||||
|
Under 1 Year Maturity |
|
|
|
|
|
|||||||||||||||
|
American Superconductor Corporation(3)(11) |
|
Energy Technology |
|
Senior Secured |
|
December 2014 |
|
Interest rate PRIME + 7.25% or Floor rate of 11.00% |
|
$ |
4,615 |
|
|
|
4,991 |
|
|
|
4,991 |
|
|
Brightsource Energy, Inc. |
|
Energy Technology |
|
Senior Secured |
|
January 2014 |
|
Interest rate Prime + 8.25% or Floor rate of 11.50% |
|
$ |
15,000 |
|
|
|
15,886 |
|
|
|
15,886 |
|
|
Enphase Energy, Inc.(11) |
|
Energy Technology |
|
Senior Secured |
|
June 2014 |
|
Interest rate PRIME + 5.75% or Floor rate of 9.00% |
|
$ |
1,315 |
|
|
|
1,358 |
|
|
|
1,358 |
|
|
Subtotal: Under 1 Year Maturity |
|
|
|
22,236 |
|
|
|
22,236 |
|
|||||||||||
|
1-5 Years Maturity |
|
|
|
|
|
|||||||||||||||
|
Agrivida, Inc. |
|
Energy Technology |
|
Senior Secured |
|
December 2016 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00% |
|
$ |
6,000 |
|
|
|
5,887 |
|
|
|
5,770 |
|
|
American Superconductor Corporation(3)(11) |
|
Energy Technology |
|
Senior Secured |
|
November 2016 |
|
Interest rate PRIME + 7.25% or Floor rate of 11.00% |
|
$ |
10,000 |
|
|
|
9,801 |
|
|
|
9,801 |
|
|
APTwater, Inc |
|
Energy Technology |
|
Senior Secured |
|
April 2017 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00%, PIK Interest 2.75% |
|
$ |
18,085 |
|
|
|
17,874 |
|
|
|
17,874 |
|
|
BioAmber, Inc.(5)(10) |
|
Energy Technology |
|
Senior Secured |
|
June 2016 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00% |
|
$ |
25,000 |
|
|
|
25,298 |
|
|
|
25,798 |
|
|
Enphase Energy, Inc.(11) |
|
Energy Technology |
|
Senior Secured |
|
August 2016 |
|
Interest rate PRIME + 8.25% or Floor rate of 11.50% |
|
$ |
7,400 |
|
|
|
7,422 |
|
|
|
7,314 |
|
|
Fluidic, Inc. |
|
Energy Technology |
|
Senior Secured |
|
March 2016 |
|
Interest rate PRIME + 8.00% or Floor rate of 11.25% |
|
$ |
5,000 |
|
|
|
4,922 |
|
|
|
4,922 |
|
|
Fulcrum Bioenergy, Inc.(11) |
|
Energy Technology |
|
Senior Secured |
|
November 2016 |
|
Interest rate PRIME + 7.75% or Floor rate of 11.00% |
|
$ |
10,000 |
|
|
|
9,944 |
|
|
|
9,694 |
|
|
Glori Energy, Inc.(11) |
|
Energy Technology |
|
Senior Secured |
|
June 2015 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00% |
|
$ |
5,333 |
|
|
|
5,457 |
|
|
|
5,414 |
|
|
Polyera Corporation |
|
Energy Technology |
|
Senior Secured |
|
June 2016 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00% |
|
$ |
5,809 |
|
|
|
5,797 |
|
|
|
5,686 |
|
|
SCIEnergy, Inc.(4) |
|
Energy Technology |
|
Senior Secured |
|
September 2015 |
|
Interest rate PRIME + 8.75% or Floor rate of 12.00% |
|
$ |
4,448 |
|
|
|
4,596 |
|
|
|
4,685 |
|
|
Scifiniti (pka Integrated Photovoltaics, Inc.) |
|
Energy Technology |
|
Senior Secured |
|
February 2015 |
|
Interest rate PRIME + 7.38% or Floor rate of 10.63% |
|
$ |
1,463 |
|
|
|
1,443 |
|
|
|
1,429 |
|
|
Stion Corporation.(4)(6) |
|
Energy Technology |
|
Senior Secured |
|
February 2015 |
|
Interest rate PRIME + 6.75% or Floor rate of 10.00% |
|
$ |
4,571 |
|
|
|
4,005 |
|
|
|
4,096 |
|
|
TAS Energy, Inc. |
|
Energy Technology |
|
Senior Secured |
|
February 2015 |
|
Interest rate PRIME + 7.75% or Floor rate of 11.00% |
|
$ |
15,000 |
|
|
|
15,277 |
|
|
|
15,421 |
|
|
|
|
Energy Technology |
|
Senior Secured |
|
February 2015 |
|
Interest rate PRIME + 6.25% or Floor rate of 9.50% |
|
$ |
4,503 |
|
|
|
4,374 |
|
|
|
4,338 |
|
|
Total TAS Energy, Inc. |
|
|
|
19,651 |
|
|
|
19,760 |
|
|||||||||||
|
TPI Composites, Inc. |
|
Energy Technology |
|
Senior Secured |
|
June 2016 |
|
Interest rate PRIME + 8.00% or Floor rate of 11.25% |
|
$ |
15,000 |
|
|
|
14,888 |
|
|
|
14,889 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
136,985 |
|
|
|
137,131 |
|
|||||||||||
|
Subtotal: Energy Technology (24.52%)*(13) |
|
|
|
159,221 |
|
|
|
159,367 |
|
|||||||||||
|
Communications & Networking |
|
|
|
|
|
|
|
|||||||||||||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OpenPeak, Inc.(11) |
|
Communications & Networking |
|
Senior Secured |
|
July 2015 |
|
Interest rate PRIME + 8.75% or Floor rate of 12.00% |
|
$ |
10,029 |
|
|
|
10,714 |
|
|
|
10,814 |
|
|
Spring Mobile Solutions, Inc. |
|
Communications & Networking |
|
Senior Secured |
|
November 2016 |
|
Interest rate PRIME + 8.00% or Floor rate of 11.25% |
|
$ |
20,000 |
|
|
|
19,682 |
|
|
|
19,875 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
30,396 |
|
|
|
30,690 |
|
|||||||||||
|
Subtotal: Communications & Networking (4.72%)* |
|
|
|
30,396 |
|
|
|
30,690 |
|
|||||||||||
See notes to consolidated financial statements.
20
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
December 31, 2013
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of |
|
Maturity |
|
Interest Rate and Floor |
|
Principal |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Drug Delivery |
|
|
|
|
|
|||||||||||||||
|
1-5 Years Maturity |
|
|
|
|
|
|||||||||||||||
|
AcelRx Pharmaceuticals, Inc.(3)(10) |
|
Drug Delivery |
|
Senior Secured |
|
October 2017 |
|
Interest rate PRIME + 3.85% or Floor rate of 9.10% |
|
$ |
15,000 |
|
|
$ |
14,556 |
|
|
$ |
15,006 |
|
|
BIND Therapeutics, Inc.(3) |
|
Drug Delivery |
|
Senior Secured |
|
September 2016 |
|
Interest rate Prime + 7.00% or Floor rate of 10.25% |
|
$ |
4,500 |
|
|
|
4,407 |
|
|
|
4,458 |
|
|
Celsion Corporation(3) |
|
Drug Delivery |
|
Senior Secured |
|
June 2017 |
|
Interest rate Prime + 8.00% or Floor rate of 11.25% |
|
$ |
5,000 |
|
|
|
4,897 |
|
|
|
4,897 |
|
|
Dance Biopharm, Inc. |
|
Drug Delivery |
|
Senior Secured |
|
August 2017 |
|
Interest rate PRIME + 7.4% or Floor rate of 10.65% |
|
$ |
1,000 |
|
|
|
974 |
|
|
|
974 |
|
|
Intelliject, Inc.(11) |
|
Drug Delivery |
|
Senior Secured |
|
June 2016 |
|
Interest rate PRIME + 5.75% or Floor rate of 11.00% |
|
$ |
15,000 |
|
|
|
15,150 |
|
|
|
15,450 |
|
|
NuPathe, Inc.(3) |
|
Drug Delivery |
|
Senior Secured |
|
May 2016 |
|
Interest rate Prime - 3.25% or Floor rate of 9.85% |
|
$ |
5,749 |
|
|
|
5,629 |
|
|
|
5,744 |
|
|
Revance Therapeutics, Inc. |
|
Drug Delivery |
|
Senior Secured |
|
March 2015 |
|
Interest rate PRIME + 6.60% or Floor rate of 9.85% |
|
$ |
9,798 |
|
|
|
10,032 |
|
|
|
9,943 |
|
|
|
|
Drug Delivery |
|
Senior Secured |
|
March 2015 |
|
Interest rate PRIME + 6.60% or Floor rate of 9.85% |
|
$ |
980 |
|
|
|
1,011 |
|
|
|
994 |
|
|
Total Revance Therapeutics, Inc. |
|
|
|
11,043 |
|
|
|
10,937 |
|
|||||||||||
|
Subtotal: 1-5 Years Maturity |
|
|
|
56,655 |
|
|
|
57,466 |
|
|||||||||||
|
Subtotal: Drug Delivery (8.84%)* |
|
|
|
56,655 |
|
|
|
57,466 |
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Drug Discovery & Development |
|
|
|
|
|
|||||||||||||||
|
1-5 Years Maturity |
|
|
|
|
|
|||||||||||||||
|
ADMA Biologics, Inc.(3) |
|
Drug Discovery & Development |
|
Senior Secured |
|
April 2016 |
|
Interest rate Prime + 2.75% or Floor rate of 8.50% |
|
$ |
5,000 |
|
|
|
4,956 |
|
|
|
4,892 |
|
|
Anacor Pharmaceuticals, Inc. |
|
Drug Discovery & Development |
|
Senior Secured |
|
July 2017 |
|
Interst rate PRIME + 6.40% or Floor rate of 11.65% |
|
$ |
30,000 |
|
|
|
29,083 |
|
|
|
29,810 |
|
|
Aveo Pharmaceuticals, Inc.(3)(10)(11) |
|
Drug Discovery & Development |
|
Senior Secured |
|
September 2015 |
|
Interest rate PRIME + 7.15% or Floor rate of 11.90% |
|
$ |
19,396 |
|
|
|
19,396 |
|
|
|
19,590 |
|
|
Cell Therapeutics, Inc.(3)(11) |
|
Drug Discovery & Development |
|
Senior Secured |
|
October 2016 |
|
Interest rate Prime + 9.00% or Floor rate of 12.25% |
|
$ |
15,000 |
|
|
|
14,750 |
|
|
|
15,200 |
|
|
Cempra, Inc.(3)(11) |
|
Drug Discovery & Development |
|
Senior Secured |
|
June 2017 |
|
Interest rate PRIME + 6.30% or Floor rate of 9.55% |
|
$ |
15,000 |
|
|
|
14,795 |
|
|
|
14,550 |
|
|
Cleveland BioLabs, Inc.(3) |
|
Drug Discovery & Development |
|
Senior Secured |
|
January 2017 |
|
Interest rate PRIME + 6.20% or Floor rate of 10.45% |
|
$ |
6,000 |
|
|
|
5,909 |
|
|
|
5,909 |
|
|
Concert Pharmaceuticals, Inc.(4) |
|
Drug Discovery & Development |
|
Senior Secured |
|
October 2015 |
|
Interest rate PRIME + 3.25% or Floor rate of 8.50% |
|
$ |
15,091 |
|
|
|
14,933 |
|
|
|
14,649 |
|
|
Coronado Biosciences, Inc.(3)(11) |
|
Drug Discovery & Development |
|
Senior Secured |
|
March 2016 |
|
Interest rate PRIME + 6.00% or Floor rate of 9.25% |
|
$ |
13,654 |
|
|
|
13,720 |
|
|
|
13,449 |
|
|
Dicerna Pharmaceuticals, Inc. |
|
Drug Discovery & Development |
|
Senior Secured |
|
January 2015 |
|
Interest rate PRIME + 4.40% or Floor rate of 10.15% |
|
$ |
5,026 |
|
|
|
4,991 |
|
|
|
4,981 |
|
|
Insmed, Incorporated(11) |
|
Drug Discovery & Development |
|
Senior Secured |
|
January 2016 |
|
Interest rate PRIME + 4.75% or Floor rate of 9.25% |
|
$ |
20,000 |
|
|
|
19,708 |
|
|
|
19,535 |
|
|
Merrimack Pharmaceuticals, Inc.(3) |
|
Drug Discovery & Development |
|
Senior Secured |
|
November 2016 |
|
Interest rate PRIME + 5.30% or Floor rate of 10.55% |
|
$ |
40,000 |
|
|
|
40,314 |
|
|
|
39,455 |
|
|
Neuralstem, Inc.(3) |
|
Drug Discovery & Development |
|
Senior Secured |
|
June 2016 |
|
Interest rate PRIME + 7.75% or Floor rate of 11.00% |
|
$ |
8,000 |
|
|
|
7,874 |
|
|
|
8,035 |
|
|
Paratek Pharmaceuticals, Inc. |
|
Drug Discovery & Development |
|
Senior Secured |
|
N/A |
|
Interest rate Fixed 10.00% |
|
$ |
36 |
|
|
|
36 |
|
|
|
— |
|
|
|
|
Drug Discovery & Development |
|
Senior Secured |
|
N/A |
|
Interest rate Fixed 10.00% |
|
$ |
45 |
|
|
|
45 |
|
|
|
— |
|
|
|
|
Drug Discovery & Development |
|
Senior Secured |
|
N/A |
|
N/A |
|
$ |
28 |
|
|
|
28 |
|
|
|
— |
|
|
Total Paratek Pharmaceuticals, Inc. |
|
$ |
109 |
|
|
|
109 |
|
|
|
— |
|
||||||||
|
uniQure B.V.(5)(10)(11) |
|
Drug Discovery & Development |
|
Senior Secured |
|
October 2016 |
|
Interest rate PRIME + 8.60% or Floor rate of 11.85% |
|
$ |
10,000 |
|
|
|
9,695 |
|
|
|
9,818 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
200,232 |
|
|
|
199,872 |
|
|||||||||||
|
Subtotal: Drug Discovery & Development (30.75%)* |
|
|
|
200,232 |
|
|
|
199,872 |
|
|||||||||||
See notes to consolidated financial statements.
21
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.
CONSOLIDATED SCHEDULE OF INVESTMENTS
December 31, 2013
(dollars in thousands)
|
Portfolio Company |
|
Sub-Industry |
|
Type of |
|
Maturity |
|
Interest Rate and Floor |
|
Principal |
|
|
Cost(2) |
|
|
Value(3) |
|
|||
|
Electronics & Computer Hardware |
|
|
|
|
|
|||||||||||||||
|
1-5 Years Maturity |
|
|
|
|
|
|||||||||||||||
|
Clustrix, Inc. |
|
Electronics & Computer Hardware |
|
Senior Secured |
|
December 2015 |
|
Interest rate PRIME + 6.50% or Floor rate of 9.75% |
|
$ |
524 |
|
|
$ |
526 |
|
|
$ |
526 |
|
|
Identive Group, Inc.(3)(11) |
|
Electronics & Computer Hardware |
|
Senior Secured |
|
November 2015 |
|
Interest rate PRIME + 7.75% or Floor rate of 11.00% |
|
$ |
5,938 |
|
|
|
5,696 |
|
|
|
5,755 |
|
|
OCZ Technology Group, Inc. |
|
Electronics & Computer Hardware |
|
Senior Secured |
|
April 2016 |
|
Interest rate Prime + 8.75% or Floor rate of 12.50%, PIK Interest 3.00% |
|
$ |
1,221 |
|
|
|
1,221 |
|
|
|
1,221 |
|
|
Plures Technologies, Inc.(3) |
|
Electronics & Computer Hardware |
|
Senior Secured |
|
October 2016 |
|
Interest rate Prime + 12.75% or Floor rate of 16.00%, PIK Interest 4.00% |
|
$ |
2,046 |
|
|
|
1,958 |
|
|
|
1,458 |
|
|
Subtotal: 1-5 Years Maturity |
|
|
|
9,400 |
|
|
|
8,959 |
|
|||||||||||
|
Subtotal: Electronics & Computer Hardware (1.38%)* |
|
|
|
9,400 |
|
|
|
8,959 |
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Healthcare Services, Other |
|
|
|
|
|
|||||||||||||||
|
1-5 Years Maturity |
|
|
|
|
|
|||||||||||||||
|
InstaMed Communications, LLC |
|
Healthcare Services, Other |
|
Senior Secured |
|
December 2016 |
|
Interest rate PRIME + 7.25% or Floor rate of 10.50% |
|
$ |
3,000 |
|
|
|
2,979 |
|
|
|
2,979 |
|
|
MDEverywhere, Inc. |
|
Healthcare Services, Other |
|
Senior Secured |
|
June 2016 |
|
Interest rate LIBOR + 9.50% or Floor rate of 10.75% |
|
$ |
2,000 |
|
|
|
1,875 |
|
|
|
1,907 |
|
|
Orion Healthcorp, Inc. |
|
Healthcare Services, Other |
|
Senior Secured |
|
June 2017 |
|
Interest rate LIBOR + 10.50% or Floor rate of 12.00%, PIK Interest 3.00% |
|
$ |
6,591 |
|
|
|
6,467 |
|
|
|
6,413 |
|
|
|
|
Healthcare Services, Other |
|
Senior Secured |
|
June 2017 |
|
Interest rate LIBOR + 9.50% or Floor rate of 11.00% |
|
$ |
9,000 |
|
|
|
8,838 |
|
|
|
8,445 |
|
|
|
|
Healthcare Services, Other |
|
Senior Secured |
|
June 2016 |
|
Interest rate LIBOR + 8.25% or Floor rate of 9.50% |
|
$ |
500 |
|
|
|
465 |
|
|
|
461 |
|
|
Total Orion Healthcorp, Inc. |
|
$ |
16,091 |
|
|
|
15,769 |
|
|
|
15,318 |
|
||||||||
|
Pacific Child & Family Associates, LLC |
|
Healthcare Services, Other |
|
Senior Secured |
|
January 2015 |
|
Interest rate LIBOR + 9.00% or Floor rate of 11.50% |
|
$ |
1,946 |
|
|
|
2,017 |
|
|
|
1,988 |
|
|
|
|
Healthcare Services, Other |
|
Senior Secured |
|
January 2015 |
|
Interest rate LIBOR + 11.00% or Floor rate of 14.00%, PIK interest 3.75% |
|
$ |
6,836 |
|
|
|
6,867 |
|
|
|
6,833 |
|
|
Total Pacific Child & Family Associates, LLC |
|
$ |
8,782 |
|
|
|
8,884 |
|
|
|
8,822 |
|
||||||||
|
Subtotal: 1-5 Years Maturity |
|
|
|
29,508 |
|
|
|
29,025 |
|
|||||||||||
|
Subtotal: Healthcare Services, Other (4.47%)* |
|
|
|
29,508 |
|
|
|
29,025 |
|
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Information Services |
|
|
|
|
|
|
|
|
|
|||||||||||
|
1-5 Years Maturity |
|
|
|
|
|
|
|
|
|
|||||||||||
|
Eccentex Corporation(11) |
|
Information Services |
|
Senior Secured |
|
May 2015 |
|
Interest rate PRIME + 7.00% or Floor rate of 10.25% |
|
$ |
657 |
|
|
|
658 |
|
|
|
185 |
|
|
InXpo, Inc. |
|
Information Services |
|
Senior Secured |
|
April 2016 |
|
Interest rate PRIME + 7.50% or Floor rate of 10.75% |
|
$ |
2,550 |
|
|
|
2,489 |
|
|
|
2,384 |
|
|
Jab Wireless, Inc. |
|
Information Services |
|
Senior Secured |
|
November 2017 |
|
Interest rate Libor + 6.75% or Floor rate of 8.00% |
|
$ |
30,000 |
|
|
|
29,822 |
|
|
|
29,822 |
|
|
|
|
Information Services |
|
Senior Secured |
|
November 2017 |
|
Interest rate Prime + 6.75% or Floor rate of 8.00% |
|
$ |
2,000 |
|
|
|
1,996 |
|
|
|
1,996 |
|
|
Total Jab Wireless, Inc. |
|
$ |
32,000 |
|
|
|
31,818 |
|
|
|
31,818 |
|
||||||||
|
Womensforum.com(11) |
|
Information Services |
|
Senior Secured |
|
October 2016 |
|
Interest rate LIBOR + 7.50% or Floor rate of 10.25%, PIK Interest 2.00% |
|
$ |
4,607 |
|
|
|
4,536 |
|
|
|
4,127 |
|
|
|
|
Information Services |
|
Senior Secured |
|
October 2016 |
|
Interest rate LIBOR + 6.50% or Floor rate of 9.25% |
|
$ |
6,900 |
|
|
|
6,793 |
|
|
|
6,470 |
|
|
|
|
Information Services |
|
Senior Secured |
|
April 2015 |
|
Interest rate LIBOR + 6.50% or Floor rate of 9.00% |
|
$ |
1,250 |
|
|
|
1,227 |
|
|
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