Hercules Capital, Inc. (NYSE:HTGC) Q2 2022 Earnings Conference Call July 28, 2022 5:00 PM ET
Company Participants
Michael Hara - IR and Corporate Communications
Scott Bluestein - CEO and Chief Investment Officer
Seth Meyer - CFO
Conference Call Participants
Crispin Love - Piper Sandler
Kevin Fultz - JMP Securities
Christopher Nolan - Ladenburg Thalmann
Ryan Lynch - KBW
Kenneth Lee - RBC Capital Markets
Casey Alexander - Compass Point
Operator
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Hercules Capital Second Quarter 2022 Earnings Conference Call. [Operator Instructions]
At this time, I would like to turn the conference over to your host, Mr. Michael Hara. Sir, please begin.
Michael Hara
Thank you, Howard. Good afternoon, everyone, and welcome to Hercules Conference Call for the Second Quarter 2022. With us on the call today from Hercules are Scott Bluestein, CEO and Chief Investment Officer; and Seth Meyer, CFO.
Hercules' second quarter 2022 financial results were released just after today's market close and can be accessed from Hercules' Investor Relations section at investor.htdc.com. An archived webcast will be available on the Investor Relations web page for at least 30 days following the conference call.
During this call, we may make forward-looking statements based on our own assumptions and the 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 will turn the call over to Scott.
Scott Bluestein
Thank you, Michael, and thank you all for joining us today. Despite a more volatile and challenging economic and capital market environment, Hercules Capital continued to deliver strong operating results in Q2 and took additional steps to further position the company for continued asset and earnings growth in the second half of 2022.
Our record originations performance in Q1 continued with record Q2 gross debt and equity commitments of over $1.04 billion, the first time in our history that we have delivered over $1 billion of new commitments in a quarter. Our gross fundings were also strong during the quarter with over $439 million.