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Hercules Technology Growth Capital, Inc. (NYSE: HTGC), the leading specialty finance company providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and cleantech industries, at all stages of development, today announced it has filled six positions to support the continued growth of its portfolio of technology companies. The new hires include seasoned technology executives: Mark Solovy and Derek Jensen, both managing directors, Technology Group and Ben Bang, senior counsel.
“Mark Solovy, Derek Jensen and Ben Bang bring a wealth of expertise and experience to Hercules in working with venture capital-backed, emerging growth companies as well as the venture community. The new hires will add valuable depth to our growing technology team in evaluating new investment opportunities across key markets including, but not limited to, cloud computing, storage, SaaS, telecommunications and networking, security, mobile computing and enterprise software,” said Manuel A. Henriquez, Hercules co-founder, chairman and chief executive officer. “With the addition of five investment professionals, plus a senior transaction attorney, Hercules continues to invest in our business to capitalize on the many opportunities we see in the market, as we continue to extend our momentum and portfolio growth into the rest of the year and beyond.”
Solovy brings more than 14 years of experience as a venture capital fund manager, investment banker, attorney and a leading co-investor with many of the largest venture capital firms in the United States and Israel. Having served on the board of directors for numerous venture capital-backed companies, Solovy specializes in structuring complex venture capital financings and M&A transactions. Most recently, Solovy advised venture capital-backed clients in industries including telecommunications, e-commerce, social media and life science as a managing director at Sikich Corporate Finance in Chicago. Solovy received his juris doctor from University of Pennsylvania and a bachelor of science in business administration from Washington University.