Hercules Capital, Inc. (NYSE:HTGC) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET

Company Participants

Michael Hara - MD, IR & Corporate Communications

Scott Bluestein - CEO, CIO, President & Director

Seth Meyer - CFO & CAO

Conference Call Participants

John Hecht - Jefferies

Crispin Love - Piper Sandler

Kevin Fultz - JMP Securities

Christopher Nolan - Ladenburg Thalmann

Casey Alexander - Compass Point

Finian O'Shea - Wells Fargo

Ryan Lynch - KBW

Operator

Good day, and thank you for standing by. Welcome to the Hercules Q1 2023 Earnings Conference Call.

At this time, all participants are in listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand over the conference to today's speaker, Michael Hara, Managing Director of Investor Relations. Please go ahead, Michael.

Michael Hara

Thank you, Mark. Good afternoon, everyone, and welcome to Hercules conference call for the first quarter 2023. With us on the call today from Hercules are Scott Bluestein, CEO and Chief Investment Officer; and Seth Meyer, CFO. Hercules' financial results were released just after today's market close and can be accessed from Hercules Investor Relations section at investor.htgc.com.

An archived webcast replay will be available on the Investor Relations webpage for at least 30 days following the conference call. During this call, we may make forward-looking statements based on our own assumptions and current expectations. These forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Actual financial results may differ from the forward-looking statements made during this call for a number of reasons, including, but not limited to, the risks identified in our annual report on Form 10-K and other filings that are publicly available on the SEC's website. Any forward-looking statements made during this call are made only as of today's date, and Hercules assumes no obligation to update any such statements in the future.

And with that, I'll turn the call over to Scott.

Scott Bluestein

Thank you, Michael, and thank you all for joining the Hercules Capital Q1 2023 Earnings Call. Following our record operating performance in 2022 and despite a volatile market backdrop, partially driven by the failure of our largest competitor in the asset class, Hercules Capital delivered another quarter of record operating performance in Q1.

Our ability to consistently deliver strong results speaks to the quality of our employees, the strength of the platform that we have built and our 18-plus year history of operating with an emphasis on prudent underwriting asset and liability diversification, and an unwavering commitment to the venture and growth stage ecosystem that we service.