“We drove a robust start to 2025, achieving over $1.0 billion in gross debt and equity commitments for the second time in our history,” stated Scott Bluestein, CEO. “Our gross fundings of over $539.0 million led to net debt portfolio growth of nearly $270.0 million, the second highest levels for each metric historically. Our assets under management, which include investments managed by Hercules and the Adviser Subsidiary, surpassed the $5.0 billion mark which further highlighted our strong origination performance. With our eighth consecutive quarter of delivering core income of more than $100.0 million, our net investment income of $0.45 per share provided 113% coverage of our base distribution.”
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