Hercules Technology Poised for Growth
filed in Daily Buzz News on Feb.28, 2011
Nicholas Marshi submits:
Hercules Technology (HTGC) announced today the addition of four new investment professionals. Two of the new hires will be spearheading lending to “venture-backed companies in the early stage technology and life sciences sectors, focusing on companies who have completed their Series A financing.” This is an area which HTGC is beginning to develop, and the company is hiring two “heavy hitters” judging by their summarized resumes in the press release. One of these two is Glen Howard, a former co-founder of Hercules , coming home again after being a partner of a private firm Pacific Point Investments. We looked up the company online but found nothing useful. There’s a story there, but we only know what we read in the press release. The other two new managers (all of whom have the title “Managing Director”) will join the well established lower middle market lending group which provides “debt financing to