PALO ALTO, Calif .– (COMMERCIAL THREAD) – Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the world’s largest and most trusted provider of specialty finance for innovative, growth and established companies, backed by some leading and leading venture capital and select private equity firms, today announced that effective July 1, 2021, Wade Loo has been appointed to the board of directors of Hercules. Mr. Loo brings more than 40 years of business experience in all aspects of financial reporting serving public companies – from emerging go-public startups to large-cap multinationals.
Mr. Loo will serve on the audit committee.
“Wade provides relevant financial expertise that complements our core subprime loan franchise and further strengthens our very diverse board of directors,” said Scott Bluestein, CEO and Chief Investment Officer of Hercules. “With the appointment of Wade, we add a wealth of experience in financial affairs and corporate development and look forward to his contribution as we continue to expand our business platform.”
Mr. Loo is a retired KPMG audit partner. He has over 40 years of business experience in finance, audit and strategy, business transformation and corporate development, both nationally and internationally. Its clients have ranged from financial services companies to energy companies, hardware and software technology companies.
Mr. Loo is currently Chairman of the Board of Directors and former Chairman of the Audit Committee of the Silicon Valley Community Foundation Company. He has also served as Chairman of the Board of Directors of JobTrain, a non-profit organization providing professional services and education in Silicon Valley, and Chairman of the Audit Committee of Guidance Software and Kofax.
Mr. Loo received his Bachelor of Science in Accounting from the University of Denver, Daniels College of Business.
Boardspan Inc. advised Hercules Capital in its appointment.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) is the premier and largest specialty finance company focused on providing senior secured, risky growth loans to innovative, high growth companies backed by venture capital in a wide variety of technologies, life sciences and sustainable and renewable development. technological industries. Since its inception (December 2003), Hercules has committed over $ 11.6 billion to more than 530 companies and is the lender of choice for entrepreneurs and venture capitalists seeking growth capital funding. . Companies interested in learning more about funding opportunities should contact email@example.com or call 650.289.3060.
Hercules common stock is listed on the New York Stock Exchange (NYSE) under the symbol HTGC. In addition, Hercules issued a retail bond issue of 6.25% bonds maturing in 2033 (NYSE: HCXY).