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Mar 31, 2021
Hercules Capital Q1 2021 Earnings Report
Announced financial results for the first quarter ended March 31, 2021.
Key Takeaways
Hercules Capital reported a strong start to 2021 with record levels of new commitments and fundings. The company closed nearly $531 million in new debt and equity commitments and established a supplemental distribution program for fiscal year 2021 of $0.28.
Net Investment Income (NII) was $34.6 million, or $0.30 per share.
Total gross new debt and equity commitments reached $530.9 million.
Available liquidity was strong at $550.0 million.
Net Asset Value (NAV) increased to $11.36 from $11.26, up 0.9% from Q4 2020.
Forward Guidance
Hercules Capital has pending commitments of $152.9 million in signed non-binding term sheets outstanding as of April 27, 2021. Since the close of Q1 2021 and as of April 27, 2021, Hercules has closed new debt and equity commitments of $135.0 million and funded $25.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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