On Monday, Oct. 27, 2025, Hercules Capital announced that it had reached a new operational milestone of $25.0 billion in total cumulative debt commitments since its first origination in October 2004. The announcement was issued in a BusinessWire press release from San Mateo, California, and marks the company’s largest ever cumulative debt commitment to date.
The $25 billion figure underscores the scale of Hercules’ loan portfolio and its position as the leading specialty financing provider for venture‑ and growth‑stage companies in technology and life sciences. It also signals sustained demand for senior‑secured debt in a market where banks are pulling back and equity financing is becoming more expensive.
Since its inception, Hercules has originated more than $5 billion in debt commitments, and the new milestone demonstrates continued expansion of its platform. The company continues to leverage its dual BDC/RIA structure to deliver competitive returns to investors while maintaining a conservative leverage profile.
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