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Hercules Technology Growth Capital hires four new MDs

Hercules Technology Growth Capital, Inc (NASDAQ:HTGC), has appointed Glen Howard, Andy Laszlo, Jim Higgins, and Patrick White as managing directors to its Early Stage and Lower Middle Market groups in Palo Alto, CA.

“As part of our planned growth strategy to accelerate new originations, we are pleased to add to our team of experienced investment professionals,” says Manuel A Henriquez, co-founder, chairman and chief executive officer of Hercules. “These four new managing directors bring years of valuable financial experience in identifying the most promising early stage and lower-middle market companies in the technology, clean technology, and life science verticals. We believe their knowledge and experience of the industry sectors and stage of development should have a meaningful impact on our ability to continuously deliver customisable solutions to our portfolio companies while leading to new asset growth of our investment portfolio.”

Hercules is expanding its lending efforts to venture-backed companies in the early stage technology and life sciences sectors, focusing on companies who have completed their Series A financing.

Hercules welcomes back Glen Howard, who re-joins as a managing director in the Technology group, and was originally a co-founder of Hercules. Mr. Howard comes to Hercules with over 25 years of financial experience and most previously served as a managing partner and owner of Pacific Point Investments. Prior to co-founding Hercules, Mr. Howard held various executive and strategic positions with Pearl Street Ventures, Comdisco Ventures, Comdisco, Inc. and IBM. He received a BS in Systems Industrial Engineering at the University of Arizona, and an MBA in Finance at Saint Mary’s College in Moraga, CA.

Andy Laszlo comes to Hercules as a managing director in the Technology group and brings 13 years of financial experience. Mr. Laszlo most recently served as co-founder, chairman and president of scanR, Inc., as well as which he successfully took public. Prior to scanR, he was a Partner at VantagePoint Venture Partners and a manager with Intel Capital. He has a BA in English, with honors, from Wesleyan University, a JD degree with high honors from the George Washington University Law School, and an MBA from the Haas School of Business at The University of California, Berkeley.

Hercules continues to expand its lower middle market business, which provides debt financing to established companies in the technology and healthcare sectors with positive cash flow and annual revenues between USD10.0-USD200.0 million, both with private equity sponsors and “sponsorless” transactions.

Jim Higgins comes to Hercules as a managing director in the Lower Middle Market group with over 28 years of financial services experience. Higgins previously served at the Bank of Marin where he was a Business Development Officer. Between 2005 and 2009, he worked at Golub Capital, and prior to that he was a senior vice president at GE Capital. He received a BS with a major in finance and economics from Babson College.

Patrick White has joined Hercules as a managing director in the Lower Middle Market group. White brings over 14 years of experience and previously worked at American Capital, as a vice president in the Sponsor Finance Group. Prior to that, he was a Director of Loan Originations at Wells Fargo Foothill, Inc. and also served as an Infantry Officer in the United States Army. He has a BA in Economics from Washington and Lee University.

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