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Source document· April 28, 2026

INVESTOR NOTICE: Hercules Capital (HTGC) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action– Hagens Berman

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INVESTOR NOTICE: Hercules Capital (HTGC) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action– Hagens Berman SAN FRANCISCO, April 28, 2026 (GLOBE NEWSWIRE) -- Hercules Capital (NYSE: HTGC) faces a securities class action lawsuit which seeks to represent investors who purchased or otherwise a…

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A growing share of Hercules' income is 'phantom' due to its increasing usage of payment-in-kind (PIK) loans that enable borrowers to pay interest by adding to the principal of their debt rather than paying cash interest
60% confidence
A former member of Hercules' finance team provided information indicating the team was small and overstretched with few checks in place compared to other BDCs, raising flags about the company's valuation process
60% confidence
Hagens Berman's team has secured more than $2.9 billion in securities and corporate accountability litigation
60% confidence
According to a former Hercules analyst who worked on deal sourcing, Hercules Capital's deal sourcing process amounted to copying investments published on Google Ventures' website
60% confidence
Hercules is among the most software-exposed BDCs with approximately 35% of the value of its loan portfolio in software, yet despite billions in such debt falling into distressed territory industry-wide, Hercules still marks its software book at 100 cents on the dollar
60% confidence
Hercules overstated the due diligence in its deal sourcing and loan origination process, overstated the due diligence in its portfolio valuation process, and reported misclassified portfolio investments, resulting in overstated or misrepresented portfolio valuations and NAV
60% confidence
Hagens Berman is investigating Hunterbrook's allegations and, if true, whether Hercules misled investors about its sourcing, underwriting, marks, PIKs, and ultimately its NAV
60% confidence
Hercules has historically assured investors about the robust origination process for sourcing potential investments and the effectiveness of its due diligence process prior to underwriting investments
60% confidence