Want a piece of the venture capital action? Some business development companies, BDCs invest in companies which are already backed by venture capital firms. These other firms don't want to lose their investments and will continue to support these companies, which adds a layer of safety. This BDC yields 8.97%, including its supplemental quarterly distributions. Mgt. declared a $0.32 regular and a $.07 supplemental quarterly distribution for August.
Valuations, performance, and profitability vs. the BDC industry are covered in this article.
Hercules Capital (HTCG) specializes in providing venture debt, debt, senior secured loans, and growth capital to privately-held venture-capital-backed companies at all stages of development from startups to expansion-stage including select publicly-listed companies and select special opportunity lower-middle-market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.
Source: Seeking Alpha
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Posted by D4L | Wednesday, August 18, 2021 | ArticleLinks | 0 comments »________________________________________________________________
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