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10-K primary document
HTGC · Annual Report (Form 10-K) · Filed February 12, 2026

Hercules Capital Inc — 10-K exhibit

ex-21_1subsidiaries20251231.htm
Hercules Capital Inc on Boardroom Alpha
Document
Exhibit 21.1

List of Subsidiaries
(as of December 31, 2025)
Name
Jurisdiction of Organization 
Hercules Capital IV, L.P.Delaware
Hercules SBIC V L.P.Delaware
Hercules Funding IV, LLCDelaware
Hercules Capital Funding 2022-1 LLCDelaware
Hercules Capital Funding Trust 2022-1Delaware
Hercules Technology Management LLCDelaware
Hercules Technology Management Co II, Inc.Delaware
Hercules Technology Management Co IV LLCDelaware
Hercules Technology SBIC Management, LLCDelaware
HTGC UK LimitedUnited Kingdom
Unconsolidated Subsidiaries
Gibraltar Business Capital, LLCDelaware
Gibraltar Equipment Finance, LLCDelaware
Gibraltar Acquisition LLCDelaware
HercGBC LLCDelaware
Hercules Capital Management LLCDelaware
Hercules Adviser LLCDelaware
Hercules Partner Holdings, LLCDelaware
Hercules Private Credit Fund 1 L.P.Delaware
Hercules Private Fund One LLCDelaware
Hercules Private Global Venture Growth Fund GP I LLCDelaware
Hercules Private Global Venture Growth Fund I L.P.Delaware
Hercules Venture Growth Credit Opportunities Fund 1 L.P.Delaware
Hercules Venture Growth Credit Opportunities Fund GP I LLCDelaware
Hercules Private Credit Financing SPV LLCDelaware
Hercules Private Credit Fund Holdings, LLCDelaware
Hercules Growth Lending Fund IV LPDelaware
Hercules Growth Lending Fund IV-B LLCDelaware
Hercules Growth Lending Fund IV-F LPDelaware
Hercules Growth Lending Fund IV GP LLCDelaware
Hercules Evergreen Fund LPDelaware
Hercules Evergreen SPV LLCDelaware
Hercules Evergreen Fund GP LLCDelaware




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