Hercules Technology Growth Capital, Inc. (NASDAQ: HTGC), an investment company providing venture debt and equity to venture capital and private equity-backed technology and life science companies at all stages of development, announced that it has hired four additional managing directors, Ernie Panos, Keith Cox, Todd Jaquez-Fissori, and “Mac” Gerlach.
This additions come as a result of the signs of improvement for private equity and venture capital markets during the next year. Given these expectations, the company is launching a new lower middle market healthcare group and expanding its lower middle market technology group.
In accordance to this strategy, Mr. Panos and Mr. Cox will be located in Hercules’ Boston office and will focus on evaluating companies in the later stage and lower middle market segment within the healthcare industries while Mr. Jaquez-Fissori and Mr. Gerlach will be based in the Palo Alto office concentrating on investments within the venture capital and private equity technology sector, respectively.
Mr. Panos has more than 15 years financial experience, including principal debt, and equity oversight, specializing in capital market transactions, such as mergers and acquisitions, senior debt, investment-grade debt, high-yield debt, convertible securities, private/public equity, and derivatives.
Mr. Cox is a banking executive with more than 15 years of experience evaluating and negotiating deals.
Mr. Jaquez-Fissori brings more than 15 years of venture capital and operational experience to Hercules.
Mr. Gerlach joins with over 12 years of transactional expertise.
Commenting on the additions, Manuel A. Henriquez, co-founder, chairman and chief executive officer of Hercules, was reported to say: “We are pleased to welcome Ernie, Keith, Todd and Mac to our seasoned team of investment professionals. We continue to look for experienced professionals to broaden our existing team and ramp up our origination process throughout the next few quarters of 2010″.