Investor Presentaiton
Commitment
VC Dollars Invested (billions)
$40
$20
$0
$25
2005 2006
$31.2
$34.5
$33.3
HERCULES' TOTAL COMMITMENTS vs. VC DOLLARS INVESTED
VENTURE CAPITAL INVESTMENT ACTIVITY 2005 - 2020
$180
IVC Dollars Invested
$160
Hercules Debt & Equity Commitments
$140
Note: Represents VC investments only
$120
$745
$882
$905
$100
$80
$807
$705
$630 $637
$494
$523
$60
$243
$413
$215
$186
197$
$28.9
$36.7
$34.8
$36.4
$58.5
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
$84.7
s as % of VC
Dollars
0.9% 0.8% 1.4% 1.2% 0.8% 1.8% 1.7% 1.8% 1.9% 1.6% 1.0% 1.6% 1.1% 1.1%
1.4% 0.8%
$60.2
$80.2
$1,475
$1,600
$1,213
$1,188
$1,400
$1,200
$1,000
$800
$600
$400
$108.5
$103.3
$156.2
$200
50
$0
Invested
■ Hercules' uncompromising yield and credit underwriting standards drives commitments
■Market conditions determine commitment activity more than pure VC investment activity
■ Hercules' 16-year historical average: 1.3%
Source: Dow Jones VentureSource Q4 2019
PitchBook-NVCA Venture Monitor Q4 2020
Xercules.
CAPITAL
42
Hercules Debt and Equity Commitments
(millions)View entire presentation