Manuel A. Henriquez is the founder, chairman and chief executive officer of Hercules Capital. Henriquez is a 30-year veteran of the venture capital and financing community. Under his leadership, the firm has completed investments of more than $5.7 billion to over 335 companies. Prior to founding the Company, Henriquez was a Managing Director at VantagePoint Venture Partners from August 2000 through July 2003 where he focused on technology investments. He is also the former President and Chief Investment Officer of Comdisco Ventures, a division of Comdisco, Inc., a leading technology and financial services company, from November 1999 to March 2000. Prior to that, from March 1997 to November 1999, Henriquez was a Managing Director of Comdisco Ventures and a senior member of the investment team that originated over $2.0 billion of equipment lease, debt and equity transactions. Henriquez received a B.S. in Business Administration from Northeastern University and is a member of the University’s Board of Directors. He also serves on the Board of Directors for the Lucile Packard Foundation as well as the Children’s Health Council and is a long time advocate for children's health and education. He also previously served on the Board of Directors for Charles Armstrong School, an independent elementary and middle school that serves students with language-based learning differences.
Mr. Barnes is a seasoned executive, with almost a decade of experience originating, structuring and underwriting growth capital debt financing for venture-backed and private equity-backed technology and life science companies. Most recently, Mr. Barnes served as Vice President at Silicon Valley Bank in Los Angeles, and was responsible for sourcing, underwriting, and managing a credit portfolio of commercial, venture debt and asset-based loans. Prior to that Mr. Barnes served as a Captain in the U.S. Air Force, with completed assignments at the Space and Missile Systems Center in Los Angeles and 355th Fighter Wing in Tucson, Arizona. Mr. Barnes received a Bachelor of Science degree in Social Sciences from the U.S. Air Force Academy in Colorado Springs, Colorado, a Master of Aeronautical Science degree from Embry-Riddle Aeronautical University in Tucson and a Master of Business Administration degree from the University of Southern California in Los Angeles.
Tom Harris is a Managing Director in Hercules’ Technology Group at our Palo Alto offices, and brings more than 17 years of financing, syndications and technology investment banking experience to the firm. Tom joined Hercules in April 2017 after several years at Silicon Valley Bank, most recently as a Managing Director in the Syndications group, where he led more than $4 billion in syndicated senior and subordinated facilities for leading technology companies. Prior to SVB, he spent six years on BofA Merrill Lynch’s Investment Banking team, in Software coverage in Palo Alto with more than $22bn of lead software M&A, LBO and IPO transactions completed, and in Leveraged Finance in New York with more than $10bn in lead leveraged loan and bond transactions closed. Prior to BofA Merrill Lynch, he spent 8 years in high yield origination and capital markets and investment banking coverage at TD Securities, the investment banking arm of TD Bank, based in New York. Tom holds an MBA with honors (Beta Gamma Sigma) from Columbia Business School and a BS in Finance and Economics from the Stern School of Business at NYU.
Roy Y. Liu is a managing director in the Technology Group and a co-founder of Hercules. Liu has more than 30 years of operating and finance experience with technology companies. He has provided financing to companies ranging from early stage to later stage and to leveraged buyouts across varied industries, including semiconductors, data communications and networking, enterprise software and Internet-based companies. He has also represented Hercules on the board of InfoLogix (acquired by StanleyWorks). Before joining Hercules in 2004, Liu was a vice president at GrandBanks Capital from 2002 to 2004, an early-stage, information technology-focused venture capital firm, where he led the investment in Colubris Networks (acquired by Hewlett Packard). In addition, Liu was a founding principal of VantagePoint Structured Investments, a debt fund affiliated with VantagePoint Venture Partners. In 1997, Liu co-founded Imperial Bank’s Emerging Growth Industries Boston office, where he focused specifically on debt financing for venture-backed companies and previously was head of the Technology Lending Group for State Street Bank & Trust Co. Liu’s first finance position was in the Acquisition Finance Division of the Bank of Boston. Liu’s operational experience includes roles as the Vice President of Finance and CFO to technology companies including toysmart.com, Inc. and Microwave ByPass Systems, Inc. He began his career at IBM in research and development, and is author of a patent for asynchronous communication systems. Liu holds a B.S. in electrical engineering and an M.B.A. from the University of Michigan. Liu is currently an Advisory board member, and sits on the investment funding committee of Northeastern University's student-led IDEA start-up incubator program.
April Young, a managing director in the company’s Washington, DC office and has more than 15 years of venture banking experience. Prior to joining Hercules, Young served as senior vice president and managing director, US for MMVF, a Toronto-based venture debt fund, responsible for developing and implementing that company's expansion strategy in the United States. Prior to that, Young served as senior vice president and managing director of the Mid-Atlantic Technology and Life Sciences division with Comerica Bank. Earlier in her career, she was executive director of the Potomac KnowledgeWay Project, and senior fellow for Regional Economic Development at George Mason University's Institute for Public Policy. Prior to that, Young was director of the Virginia Department of Economic Development and also served as executive director of the Fairfax County Economic Development Authority during the period when Northern Virginia emerged as a global technology center. She has also served as director of a number of professional organizations and co-founded Mindshare, an exclusive, invitation-only program for CEOs of early stage companies. Young is also Chair Emeritus of the Board of Five Talents International, a Christian micro-finance organization and Chair of the Audit Committee of Goodwill of Greater Washington. Young has received numerous honors for her involvement in the tech community, including Lifetime Achievement Awards from the Northern Virginia Technology Association and Women in Technology. She has been named to the Washingtonian’s list of 100 most powerful women as well as a Tech Titan. Young holds a Ph.D. in Public Policy and Administration from Saint Louis University and a B.A. and a Masters in Urban and Regional Planning from The George Washington University.
Michael Bowden joined Hercules Technology Growth Capital as an analyst intern in January 2007 and was promoted to the role of associate in October 2009. In April 2011, Bowden was promoted to principal and currently focuses on debt and equity investments in the Life Science and Technology sectors. Prior to Hercules, he held positions with Credit Suisse HOLT as an equity research analyst and with Bristol-Myers Squibb as a global sourcing and supplier management analyst. Bowden graduated from Northeastern University with a B.S. in Finance.
Catherine Jhung is a Managing Director of Business Development at Hercules. Before joining Hercules, Jhung spent over 10 years in senior operational roles within startup companies, including sales, business development, research and product management. At Cleantech Group, Jhung ran the company’s data business, where she lead the product, engineering, research and sales teams. Prior to Cleantech Group, Jhung was the Director of Sales at edo Interactive, a firm developing digital marketing technologies leveraging pre-existing global, point of sale payments infrastructures along with modern social networking communities. Prior to edo Interactive, Jhung spent over five years on the executive team at Equilar, the leading research firm for benchmarking executive and board compensation. There, she built and managed the business development and client services divisions from the ground up, growing the business to over 600 clients. Jhung received an MBA from the Haas School of Business at UC Berkeley, a bachelor’s in Agricultural Economics and a minor in Computer Information Systems from UC Davis.
Mr. Peterson is a Vice President responsible for business development in the technology market. Mr. Peterson is a seasoned executive, with more than 10 years of financial services experience. Most recently Mr. Peterson served as Vice President at East West Bank, where he helped found and build the late-stage technology banking practice. Prior to East West, he was a vice president in Silicon Valley Bank’s corporate finance division. Mr. Peterson began his financial services career as an analyst in Bridge Bank’s technology banking group. He has also worked as a management consultant and economic analyst intern for the Ministry of the Economy of Luxembourg. Peterson received a Bachelor of Arts in Economics from Cornell University, where he was captain of the men’s varsity golf team. Peterson is also a CFA® charterholder.
Steve Kuo is a managing director in the Technology Group and brings more than 15 years of operational and structured finance experience to Hercules. Prior to joining the Company in 2006, he was a co-founder of Lending Rock, Inc., a real estate solutions company, where he was responsible for marketing, customer management and lending syndication. Prior to starting Lending Rock, Kuo was a strategic member of the Lightcross team, a venture-backed start-up focused on silicon photonics. Before joining Lightcross, Kuo was a principal at Comdisco Ventures. Kuo began his career as a management consultant with Arthur Andersen where he specialized in distressed companies. Kuo holds a B.S. from the Haas Business School at the University of California at Berkeley.
Paul Gibson is a managing director in the Technology Group at Hercules. He is a seasoned executive with more than 20 years of commercial banking experience, including more than 13 years in venture lending, focused on structuring financial transactions for growth technology and life sciences-related companies. Gibson’s depth of banking experience and industry knowledge, coupled with his strong network is reflected in his proven track record of identifying, building, and managing a high-quality technology portfolio. Most recently, Gibson served as Managing Director at Horizon Technology Finance, and was responsible for business development in the technology market. Prior to Horizon, he served as Senior Vice President, Regional Market Manager at Bridge Bank in Reston, Virginia and established Bridge Bank’s Eastern Region. Prior to joining Bridge Bank, Mr. Gibson worked in a number of finance and business development roles at Square 1 Bank, Silicon Valley Bank and California State Bank. Gibson began his career at Security Pacific Bank. Gibson received a Bachelor of Arts in Political Science from Seaver College at Pepperdine University.
Dan Holman is a managing director in Hercules’ Technology Group and brings more than 15 years of operational and structured finance experience to the firm. Holman joined Hercules in 2013 from Box.com, a leader in the emerging Cloud-based, Enterprise Content management market. Previously, he spent seven years at Western Technology Investment (WTI) where he was promoted through the ranks from associate to partner. At WTI, Holman led 57 venture debt transactions. Representative deals included: Instructables.com (acquired by Autodesk); MyYearbook.com (acquired by QPSA); Ortiva Wireless (acquired by Allot Communications); Nanosphere (IPO); Nellix (acquired by Endologix); and Ellacoya (acquired by Arbor Networks). Earlier, Holman was at salesforce.com (pre-IPO) helping to evangelize the newly formed “Software as a Service” (SaaS) market. Prior to his private sector career, Holman was an officer in the US Navy SEALs for six years. The SEALs taught Holman leadership in dynamic and hostile environments and this has proven to be valuable training in his work with start-up and emerging companies. Holman holds a Systems Engineering degree from the US Naval Academy and an MBA from Harvard Business School.
Shant Sood is a Managing Director in the Technology and Special Opportunity Lower Middle Market Group. Sood has over 15 years of direct investment experience with a successful track record of investing in and acquiring private companies and complex assets. Prior to joining Hercules, Sood was at LCAM, an alternative investment firm in New York focused primarily on special situations, private equity and distressed assets. Prior to LCAM, he was a vice president at Columbus Nova Partners where he invested equity and debt across a range of sectors including real estate, private equity, structured credit, media and entertainment and distressed assets. Sood was part of a founding team that grew assets under management from $26 million in 2003 to approximately $2.5 billion when he left in 2009. He served on the Boards of a number of portfolio companies. Prior to Columbus Nova he was a senior associate at Comdisco Ventures where, as part of a small team, assisted in restructuring a $2.5 billion portfolio of distressed technology investments. During this time, Sood developed extensive relationships with Tier One venture capital investors and gained broad experience across a wide range of technology sub-sectors. Before joining Comdisco, he was an M&A analyst at J.P. Morgan in New York. Sood holds a B.A., magna cum laude in Math, Economics and Philosophy (College Scholar) from Cornell University, with research completed at Oxford University, and an M.B.A. from The Wharton School at the University of Pennsylvania.
Christian Follmann first joined Hercules as an analyst intern in the Palo Alto office in July 2006 and was promoted to the role of associate in December 2009 and then director of investment analysis and strategy in August 2011. In January 2016, Follmann was promoted to Sr. Director of Operations and Strategic Projects, and currently focuses on debt and equity investments in the Technology sector and supporting Hercules' West Coast operations. Follmann graduated from Northeastern University and Reutlingen University in Germany, receiving a B.S. in International Business from each institution.
John Eggbeer is Principal in our Washington, DC offices. He first joined Hercules Technology Growth Capital in October 2011, and is focused on deal origination, underwriting and portfolio monitoring of debt and equity investments in the mid-Atlantic, Southeast and Midwest regions. Prior to joining Hercules, he worked as an associate at MMV Financial, a Toronto Canada based venture lending firm. He began his career as an analyst in the Comerica mid-Atlantic Technology and Life Science office focused on lending solutions for venture backed technology companies. Eggbeer graduated from the University of Richmond’s Robins School of Business with a BS in Business Administration.
Lesya Kulchenko joined Hercules Technology Growth Capital in 2012 as a senior associate in the Technology group, and was promoted to Vice President in May 2015. Before joining Hercules, she worked with two early stage venture capital firms: Nourish Capital, a start-up fund focused on investing in early stage consumer retail businesses, and Hopewell Ventures, primarily focused on growth companies in the Midwest. Previously, Kulchenko worked as a Corporate Credit Monitoring Manager for Raiffeisen Bank Ukraine, a subsidiary of Raiffeisen Zentralbank Austria. She began her career in product management at Rockwell Automation. Kulchenko graduated Magna Cum Laude from Marquette University with a B.S. in Computer Engineering. She was a recipient of a full international scholarship sponsored by the United States Information Agency/Freedom Support Act program.
Charlie Wehr is a Vice President working in the Boston office, focused on a broad range of technology sectors, including enterprise software, digital media, information security, and life sciences, among others. Charlie comes to Hercules after nearly 6 years at Bridge Bank, where he was most recently a Vice President and Relationship Manager in the Technology Banking Division. Prior to that, Charlie was a Senior Consultant at Grant Thornton for 3 years. Charlie received a B.A. in Public Policy Studies & Economics from Duke University, and a M.A. in Applied Economics from The John Hopkins University. He also holds a graduate certificate in Financial Management from The John Hopkins University, Carey Business School.