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Hercules Expands its Energy & Renewable Technology (CleanTech) Team and Capabilities with Addition of Three Seasoned Investment Professionals
|By Business Wire
|August 6, 2014 08:03 AM EDT
Technology Growth Capital, Inc. (NYSE:HTGC) (“Hercules” or the
“Company”), the leading specialty finance company focused on providing
senior secured loans to venture capital-backed companies in
technology-related markets, including technology, biotechnology, life
science, and energy & renewable technology industries, announced today
the addition of three experienced investment professionals to its team
focused on the energy & renewable technology sector.
The new additions are:
Brian Sapp, who recently joined as a managing director and will be
responsible for the origination and execution of loans to venture
capital-backed companies in the growing energy technology sector
across all stages of growth;
Micah Merrick, as a principal, who spent the last ten years
identifying and establishing long-term development partnerships with
entrepreneurial companies focused on sustainable development, energy
efficiency and renewable technologies; and,
Catherine Jhung, as a principal, who previously was vice president of
business development with the CleanTech Group.
These new investment professionals will further augment the current
energy & renewable technology team, which includes: Manuel A. Henriquez,
co-founder, chairman, and chief executive officer of Hercules Technology
Growth Capital; Tony Pandjiris, managing director; Sebastian Dominguez,
associate; and, Lisa Wehmeier, associate. The Hercules energy &
renewable technology team has been investing in this sector since the
Company’s inception in 2003.
“Energy and renewable technology continues to be an important focus for
Hercules,” Henriquez said. “We have many years of experience working
with energy technology companies and I am delighted to welcome our three
newest investment professionals of Brian’s, Micah’s and Catherine’s
caliber to the Hercules team. They will serve to bolster our position in
the energy sector and expand our market reach and knowledge further into
this important and growing sector. We look forward to providing growth
capital to many of these innovative and disruptive energy technology
companies by offering highly customized financing solutions to meet
their growing needs.”
Henriquez continued, “We view this sector as so much broader than simply
solar and wind power, and see it encompassing a wide number of
technologies that impact our daily lives. These technologies include
energy efficiency, water reclamation in industrial process, different
ways to approach agriculture and even rethinking the way we commute. We
believe Brian and his team will over the next few quarters contribute to
Hercules growth through their sophisticated and systematic approach to
this market and to the companies which they work with.”
Sapp has more than 16 years of experience in finance working with
venture capital, start-ups and public companies as an investment banker,
and has been focused on the energy technology space since 2004. Prior to
joining Hercules, Sapp was a director in Robert W. Baird & Co.’s
investment banking group where he originated and executed private and
public equity and debt capital raises and advised on M&A transactions in
the energy technology space. Before that, Sapp held senior banking
positions at Wedbush Securities, Thomas Weisel Partners and SVB Alliant
in their energy technology and technology groups. Sapp began his career
as an environmental process engineer with TE Connectivity. Sapp holds an
MBA from Cornell University Graduate School of Management and a
bachelor’s degree in chemical engineering from Pennsylvania State
“I am thrilled to be joining Hercules and being able to have access to
one of the largest pools of capital dedicated to financing
venture-backed energy technology and renewables companies,” said Sapp.
“The opportunity to work for a firm with this deep an understanding of
an industry I have been passionate about my entire career was extremely
compelling. Micah, Catherine and I are eager to support promising
companies that will benefit from the addition of venture debt to their
About Hercules Technology Growth Capital, Inc.:
Hercules Technology Growth Capital, Inc. (NYSE:HTGC) (“Hercules”) is the
leading specialty finance company focused on providing senior secured
loans to venture capital-backed companies in technology-related markets,
including technology, biotechnology, life science, and energy &
renewable technology industries, at all stages of development. Since
inception (December 2003), Hercules has committed more than $4.2 billion
to over 270 companies and is the lender of choice for entrepreneurs and
venture capital firms seeking growth capital financing.
Hercules’ common stock trades on the New York Stock Exchange (NYSE)
under the ticker symbol “HTGC.”
In addition, Hercules has three outstanding bond issuances of 7.00%
Senior Notes due April 2019, 7.00% Senior Notes due September 2019, and
6.25% Senior Notes due July 2024, which trade on the NYSE under the
symbols “HTGZ”, “HTGY,” and “HTGX,” respectively.
Companies interested in learning more about financing opportunities
should contact [email protected], or call
The information disclosed in this release is made as of the date hereof
and reflects Hercules’ most current assessment of its historical
financial performance. Actual financial results filed with the
Securities and Exchange Commission may differ from those contained
herein due to timing delays between the date of this release and
confirmation of final audit results. These forward-looking statements
are not guarantees of future performance and are subject to
uncertainties and other factors that could cause actual results to
differ materially from those expressed in the forward-looking statements
including, without limitation, the risks, uncertainties, including the
uncertainties surrounding the current market volatility, and other
factors we identify from time to time in our filings with the Securities
and Exchange Commission. Although we believe that the assumptions on
which these forward-looking statements are based are reasonable, any of
those assumptions could prove to be inaccurate and, as a result, the
forward-looking statements based on those assumptions also could be
incorrect. You should not place undue reliance on these forward-looking
statements. The forward-looking statements contained in this release are
made as of the date hereof, and Hercules assumes no obligation to update
the forward-looking statements for subsequent events.
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