HTGC
Hercules Capital
Portfolio Fair Value
$4.21B
330 holdings
Avg Spread
+2.82%
FV-weighted, debt
Avg Coupon
—
FV-weighted
% First Lien
73.0%
of debt FV
Unrealized P/L
-$16.11M
-0.38% of cost
Non-Accrual
3
text-detected
Balance sheet
Assets$4.28B
Liabilities + Equity$4.28B
First Lien
$3.05B · 71.1%
First Lien
$3.05B · 71.1%
Other Debt
$901.20M · 21.0%
Other Debt
$901.20M · 21.0%
Equity
$227.11M · 5.3%
Cash & Equivalents
$52.15M · 1.2%
Other Assets
$55.84M · 1.3%
Debt (Borrowings)
$2.06B · 48.2%
Debt (Borrowings)
$2.06B · 48.2%
Other Liabilities
$69.24M · 1.6%
Net Assets (Equity)
$2.15B · 50.2%
Net Assets (Equity)
$2.15B · 50.2%
Industry Composition
Software
35.0%
Drug Discovery & Development
24.6%
Healthcare
17.7%
Consumer & Business Services
8.9%
Defense Technologies
3.3%
Diversified Financial Services
2.8%
Medical Devices & Equipment
1.8%
Electronics
1.2%
Biotechnology Tools
0.8%
Cash & Cash Equivalents
0.7%
Communications
0.7%
Information Services
0.6%
Other industries
1.9%
Spread Distribution
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
330 of 410
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Services, Other and Marathon Health, LLC, Senior | Healthcare | Secured, Maturity Date February 2029, Prime + 0.75%, Floor rate 8.75%, PIK Interest 2.25%, 3.00% Exit Fee | $175.01M | $175.82M | -$808.0K | — | +0.75% | — |
Phathom Pharmaceuticals, Inc. | Drug Discovery & Development | Senior Secured | $143.31M | $142.99M | $316.0K | — | +1.35% | — |
Services, Other and ChenMed, LLC, Senior | Healthcare | Secured, Maturity Date May 2030, Prime + 2.45%, Floor rate 9.45%, 3.75% Exit Fee | $132.41M | $132.41M | $0.00 | — | +2.45% | — |
Shield AI, Inc. | Defense Technologies | Senior Secured | $116.33M | $114.69M | $1.64M | — | +0.85% | — |
Corium, Inc. Senior Secured, Maturity Date September 2026, Prime + 5.70%, Floor rate 8.95%, 7.75% Exit Fee | Drug Discovery & Development | Senior Secured | $90.77M | $91.35M | -$576.0K | — | +5.70% | — |
Madrigal Pharmaceutical, Inc. Senior Secured, Maturity Date May 2027, Prime + 2.45%, Floor rate 8.25%, 5.35% Exit Fee | Drug Discovery & Development | Senior Secured | $82.38M | $80.40M | $1.99M | — | +2.45% | — |
and DocPlanner, Senior Secured, Maturity Date January 2030, Prime + 2.75%, Floor rate 9.75%, 4.25% Exit Fee | Software | Senior Secured | EUR 79.58M | EUR 69.51M | EUR 10.07M | — | +2.75% | — |
SeatGeek, Inc. | Consumer & Business Services | Senior Secured | $78.11M | $78.11M | $0.00 | — | +2.50% | — |
Arcus Biosciences, Inc. | Drug Discovery & Development | Senior Secured | $77.85M | $74.87M | $2.98M | — | +1.95% | — |
and Tipalti Solutions Ltd., Senior Secured, Maturity Date April 2029, Prime + 0.45%, Floor rate 6.45%, PIK Interest 2.30% | Software | Senior Secured | $74.91M | $74.91M | $0.00 | — | +0.45% | — |
X4 Pharmaceuticals, Inc. Senior Secured, Maturity Date July 2027, Prime + 3.15%, Floor rate 10.15%, 3.72% Exit Fee | Drug Discovery & Development | Senior Secured | $73.72M | $75.97M | -$2.25M | — | +3.15% | — |
Services, Other and Blue Sprig Pediatrics, Inc. Senior | Healthcare | Secured, Maturity Date November 2026, 3-month SOFR + 5.26%, Floor rate 6.00%, PIK Interest 4.45% | $71.69M | $73.44M | -$1.75M | — | +5.26% | — |
Services, Other and Equality Health, LLC, Senior | Healthcare | Secured, Maturity Date August 2027,Prime + 5.85%, Floor rate 9.50%, PIK Interest 1.95%, 1.27% Exit Fee | $71.39M | $71.41M | -$24.0K | — | +5.85% | — |
Dyne Therapeutics, Inc. | Drug Discovery & Development | Senior Secured | $69.28M | $69.28M | $0.00 | — | +2.45% | — |
bluebird bio, Inc. Senior Secured, Maturity Date April 2029, Prime + 2.45%, Floor rate 9.45%, 3.20% Exit Fee | Drug Discovery & Development | Senior Secured | $65.46M | $65.46M | -$1.0K | — | +2.45% | — |
and Babel Street, Senior Secured, Maturity Date December 2027, 3-month SOFR + 8.01%, Floor rate 9.01% | Software | Senior Secured | $64.32M | $63.91M | $404.0K | — | +8.01% | — |
Braeburn, Inc. | Drug Discovery & Development | Senior Secured | $55.49M | $53.98M | $1.51M | — | +2.45% | — |
and Armis, Inc., Senior Secured, Maturity Date March 2028, Prime + 0.00%, Floor rate 7.50%, PIK Interest 2.00%, 2.25% Exit Fee | Software | Senior Secured | $51.70M | $51.19M | $505.0K | — | +0.00% | — |
and Reveleer, Senior Secured, Maturity Date February 2027, Prime + 0.65%, Floor rate 9.15%, PIK Interest 2.00%, 5.05% Exit Fee | Software | Senior Secured | $50.30M | $49.94M | $351.0K | — | +0.65% | — |
and Armis, Inc., Senior Secured, Maturity Date March 2028, Prime + 1.25%, Floor rate 7.50%, PIK Interest 2.00%, 2.25% Exit Fee | Software | Senior Secured | $50.20M | $50.09M | $117.0K | — | +1.25% | — |
& Computer Hardware and Locus Robotics Corp., Senior | Electronics | Secured, Maturity Date December 2028, Prime + 3.00%, Floor rate 9.50%, 4.00% Exit Fee | $49.24M | $48.78M | $465.0K | — | +3.00% | — |
GoEuro Travel GmbH. Senior Secured, Maturity Date November 2029, Prime + 3.45%, Floor rate 10.45%, 4.50% Exit Fee | Consumer & Business Services | Senior Secured | $48.43M | $48.50M | -$75.0K | — | +3.45% | — |
and Dashlane, Inc., Senior Secured, Maturity Date December 2027, Prime + 3.05%, Floor rate 11.55%, PIK Interest 1.10%, 6.28% Exit Fee | Software | Senior Secured | $48.14M | $47.19M | $944.0K | — | +3.05% | — |
Services, Other and Recover Together, Inc. Senior | Healthcare | Secured, Maturity Date July 2027, Prime + 1.90%, Floor rate 10.15%, 7.50% Exit Fee | $46.71M | $47.48M | -$771.0K | — | +1.90% | — |
and Smartsheet Inc., Senior Secured, Maturity Date January 2031 , 3-month SOFR + 6.50%, Floor rate 7.25% | Software | Senior Secured | $45.90M | $45.90M | $0.00 | — | +6.50% | — |
Hercules Adviser LLC | Diversified Financial Services | Equity | $44.22M | $12.04M | $32.19M | — | — | — |
and Allvue Systems, LLC, Senior Secured, Maturity Date September 2029, 3-month SOFR + 6.25%, Floor rate 7.25% | Software | Senior Secured | $42.19M | $41.77M | $418.0K | — | +6.25% | — |
and Tipalti Solutions Ltd., Senior Secured, Maturity Date April 2029, Prime + 0.45%, Floor rate 6.45%, PIK Interest 2.30%, 3.75% Exit Fee | Software | Senior Secured | $42.03M | $42.03M | $0.00 | — | +0.45% | — |
Services, Other and Main Street Rural, Inc. Senior | Healthcare | Secured, Maturity Date July 2027, Prime + 1.95%, Floor rate 9.95%, 6.85% Exit Fee | $39.85M | $39.56M | $285.0K | — | +1.95% | — |
and Chainalysis, Inc., Senior Secured, Maturity Date June 2029, Prime + 2.95%, Floor rate 10.45% | Software | Senior Secured | $39.56M | $39.56M | $0.00 | — | +2.95% | — |
Services, Other and Vida Health, Inc. Senior | Healthcare | Secured, Maturity Date July 2026, Prime - 2.75% Floor rate 5.75%, PIK Interest 5.35%, 4.95% Exit Fee | $38.42M | $38.70M | -$280.0K | — | +-2.75% | — |
uniQure B.V. | Drug Discovery & Development | Senior Secured | $37.13M | $36.39M | $744.0K | — | +4.70% | — |
and Marigold Group, Inc., Senior Secured, Maturity Date November 2026, PIK Interest 6-month SOFR + 10.55%, Floor rate 11.55% | Software | Senior Secured | $35.79M | $41.39M | -$5.60M | — | — | — |
Riviera Partners LLC. Senior Secured, Maturity Date March 2028, 3-month SOFR + 8.28%, Floor rate 9.28% | Consumer & Business Services | Senior Secured | $34.99M | $35.98M | -$993.0K | — | +8.28% | — |
MoonLake Immunotherapeutics | Drug Discovery & Development | Senior Secured | $34.26M | $34.26M | $0.00 | — | +1.45% | — |
Replimune Group, Inc. Senior Secured, Maturity Date October 2027, Prime + 1.75%, Floor rate 7.25%, Cap rate 9.00%, PIK Interest 1.50%, 4.95% Exit Fee | Drug Discovery & Development | Senior Secured | $33.99M | $32.74M | $1.25M | — | +1.75% | — |
PathAI, Inc. | Biotechnology Tools | Senior Secured | $33.84M | $33.27M | $568.0K | — | +2.15% | — |
and Sisense Ltd., Senior Secured, Maturity Date July 2027, Prime + 1.50%, Floor rate 9.50%, PIK Interest 1.95%, 5.95% Exit Fee | Software | Senior Secured | $33.08M | $33.01M | $67.0K | — | +1.50% | — |
and Brain Corporation, Senior Secured, Maturity Date September 2028, Prime + 1.35%, Floor rate 9.85%, PIK Interest 2.50%, 3.95% Exit Fee | Software | Senior Secured | $32.75M | $32.27M | $476.0K | — | +1.35% | — |
Phathom Pharmaceuticals, Inc. | Drug Discovery & Development | Senior Secured | $31.72M | $31.48M | $236.0K | — | +1.35% | — |
Senseonics Holdings, Inc. | Medical Devices & Equipment | Senior Secured | $31.66M | $31.20M | $465.0K | — | +1.40% | — |
and Pindrop Security, Inc., Senior Secured, Maturity Date June 2029, Prime + 3.50%, Floor rate 10.00%, 2.00% Exit Fee | Software | Senior Secured | $31.45M | $30.66M | $787.0K | — | +3.50% | — |
Services, Other and Strive Health Holdings, LLC, Senior | Healthcare | Secured, Maturity Date September 2027, Prime + 0.70%, Floor rate 9.20%, 5.95% Exit Fee | $31.23M | $30.07M | $1.16M | — | +0.70% | — |
Investment Funds and Cash & Cash Equivalent and GS Financial Square Government Fund, Series FGTXX/38141W273 | Cash & Cash Equivalents | Warrant Investments | $31.00M | $31.00M | $0.00 | — | — | — |
and Harness, Inc., Senior Secured, Maturity Date March 2029, Prime - 2.25%, Floor rate 5.25%, Cap rate 6.50%, PIK Interest 6.25%, 1.00% Exit Fee | Software | Senior Secured | $30.43M | $30.18M | $249.0K | — | +-2.25% | — |
and Loftware, Inc., Senior Secured, Maturity Date March 2028, 3-month SOFR + 7.88%, Floor rate 8.88% | Software | Senior Secured | $29.88M | $29.39M | $492.0K | — | +7.88% | — |
and iSpot.tv, Inc., Senior Secured, Maturity Date January 2029, Prime + 1.40%, Floor rate 8.75%, PIK Interest 0.75%, 4.50% Exit Fee | Software | Senior Secured | $29.03M | $29.03M | $0.00 | — | +1.40% | — |
Houzz, Inc. Convertible Debt, Maturity Date May 2028, PIK Interest 12.00% | Consumer & Business Services | Convertible Debt | $28.87M | $27.21M | $1.66M | — | — | — |
RVShare, LLC | Consumer & Business Services | Senior Secured | $28.73M | $29.23M | -$495.0K | — | +5.50% | — |
Sight Sciences, Inc. | Medical Devices & Equipment | Senior Secured | $28.27M | $28.11M | $158.0K | — | +2.35% | — |
Services, Other and Curana Health Holdings, LLC, Senior | Healthcare | Secured, Maturity Date January 2028, Prime + 1.45%, Floor rate 9.20%, 4.95% Exit Fee | $28.10M | $27.91M | $188.0K | — | +1.45% | — |
Carwow LTD Senior Secured, Maturity Date December 2027, Prime + 4.70%, Floor rate 11.45%, PIK Interest 1.45%, 4.95% Exit Fee | Consumer & Business Services | Senior Secured | GBP 28.09M | GBP 28.16M | -GBP 71.0K | — | +4.70% | — |
Services, Other and WellBe Senior Medical, LLC, Senior | Healthcare | Secured, Maturity Date May 2029, Prime + 0.75%, Floor rate 7.75%, PIK Interest 2.65%, 6.75% Exit Fee | $27.80M | $28.70M | -$898.0K | — | +0.75% | — |
& Networking and Aryaka Networks, Inc. Senior | Communications | Secured, Maturity Date December 2028, Prime + 1.80%, Floor rate 9.30%, PIK Interest 1.25%, 6.73% Exit Fee | $27.77M | $28.10M | -$328.0K | — | +1.80% | — |
and Gibraltar Acquisition, LLC | Diversified Financial Services | Unsecured, | $27.48M | $27.48M | $0.00 | — | — | — |
SeatGeek, Inc. | Consumer & Business Services | Senior Secured | $25.72M | $25.72M | $0.00 | — | +7.00% | — |
COMPASS Pathways plc | Drug Discovery & Development | Senior Secured | $25.05M | $25.05M | $2.0K | — | +1.50% | — |
and Suzy, Inc., Senior Secured, Maturity Date August 2027, Prime + 1.75%, Floor rate 10.00%, PIK Interest 1.95%, 3.45% Exit Fee | Software | Senior Secured | $24.92M | $24.45M | $466.0K | — | +1.75% | — |
and CoreView USA, Inc., Senior Secured, Maturity Date January 2029, Prime +2.75%, Floor rate 9.25%, 4.95% Exit Fee | Software | Senior Secured | $24.91M | $24.88M | $28.0K | — | +2.75% | — |
and Remodel Health Holdco, LLC., Senior Secured, Maturity Date December 2028 ,Prime + 2.35%, Floor rate 10.35%, 6.50% Exit Fee | Software | Senior Secured | $24.89M | $24.92M | -$31.0K | — | +2.35% | — |
Services, Other and NeueHealth, Inc. Senior | Healthcare | Secured, Maturity Date June 2028, Prime + 1.15%, Floor rate 9.65%, PIK Interest 2.50%, 2.50% Exit Fee | $24.75M | $24.74M | $8.0K | — | +1.15% | — |
and Distributed Creation Inc., Senior Secured, Maturity Date April 2029, Prime + 3.00%, Floor rate 10.25%, 4.50% Exit Fee | Software | Senior Secured | $24.66M | $24.66M | $0.00 | — | +3.00% | — |
Services, Other and Carbon Health Technologies, Inc., Senior | Healthcare | Secured, Maturity Date February 2028, Prime + 3.10%, Floor rate 8.10%, 4.10% Exit Fee | $24.60M | $41.01M | -$16.40M | — | +3.10% | — |
and LogRhythm, Inc., Senior Secured, Maturity Date July 2029, 3-month SOFR + 7.50%, Floor rate 8.50% | Software | Senior Secured | $24.48M | $24.36M | $116.0K | — | +7.50% | — |
and Semperis Technologies Inc., Senior Secured, Maturity Date April 2028, Prime - 1.75%, Floor rate 6.75%, PIK Interest 3.25% | Software | Senior Secured | $23.69M | $22.88M | $815.0K | — | +-1.75% | — |
Gibraltar Acquisition, LLC | Diversified Financial Services | Equity | $22.95M | $33.41M | -$10.45M | — | — | — |
Disc Medicine, Inc. | Drug Discovery & Development | Senior Secured | $22.78M | $22.50M | $273.0K | — | +1.75% | — |
and Sumo Logic, Inc., Senior Secured, Maturity Date May 2030, 6-month SOFR + 6.50%, Floor rate 7.50% | Software | Senior Secured | $22.56M | $22.55M | $5.0K | — | +6.50% | — |
and Ceros, Inc., Senior Secured, Maturity Date September 2026, 3-month SOFR + 8.99%, Floor rate 9.89% | Software | Senior Secured | $22.37M | $22.58M | -$212.0K | — | +8.99% | — |
and New Relic, Inc., Senior Secured, Maturity Date November 2030, 1-month SOFR + 6.75%, Floor rate 7.75% | Software | Senior Secured | $21.66M | $21.43M | $224.0K | — | +6.75% | — |
Heron Therapeutics, Inc.. Senior Secured, Maturity Date May 2026, Prime + 1.70%, Floor rate 9.95%, PIK Interest 1.50%, 3.00% Exit Fee | Drug Discovery & Development | Senior Secured | $21.60M | $20.82M | $773.0K | — | +1.70% | — |
Savara, Inc. | Drug Discovery & Development | Senior Secured | $21.41M | $21.41M | $0.00 | — | +1.45% | — |
Thumbtack, Inc. Senior Secured, Maturity Date March 2028, Prime + 2.45%, Floor rate 10.95%, PIK Interest 1.50% | Consumer & Business Services | Senior Secured | $21.33M | $20.77M | $566.0K | — | +2.45% | — |
Saronic Technologies, Inc. | Defense Technologies | Senior Secured | $20.91M | $20.91M | -$1.0K | — | +2.50% | — |
Saama Technologies, LLC | Information Services | Senior Secured | $20.47M | $20.05M | $427.0K | — | +0.70% | — |
and Streamline Healthcare Solutions, Senior Secured, Maturity Date June 2030, 3-month SOFR + 7.30%, Floor rate 8.30% | Software | Senior Secured | $20.35M | $20.35M | $0.00 | — | +7.30% | — |
and Alchemer LLC, Senior Secured, Maturity Date May 2028, 1-month SOFR + 8.14%, Floor rate 9.14% | Software | Senior Secured | $20.26M | $19.97M | $287.0K | — | +8.14% | — |
Electric Hydrogen Co. | Sustainable and Renewable Technology | Senior Secured | $20.18M | $20.05M | $129.0K | — | +2.25% | — |
Technology and VulcanForms Inc. Senior | Manufacturing | Secured, Maturity Date January 2028, Prime + 4.25%, Floor rate 11.25%, 4.25% Exit Fee | $19.93M | $19.93M | $0.00 | — | +4.25% | — |
and AlphaSense, Inc., Senior Secured, Maturity Date June 2029, 3-month SOFR + 6.25%, Floor rate 8.25% | Software | Senior Secured | $19.91M | $19.83M | $76.0K | — | +6.25% | — |
and Snappt, Inc., Senior Secured, Maturity Date April 2029, Prime + 2.35%, Floor rate 8.85%, PIK Interest 1.00%, 4.25% Exit Fee | Software | Senior Secured | $19.86M | $19.86M | $0.00 | — | +2.35% |