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Posted by
Two Blokes Fri at 10:30 PM -
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Hercules Capital, Inc.'s focus on first-lien, floating rate debt in tech and life sciences offers stability, but growth will likely slow as rates fall. HTGC stock's 58% premium to NAV is both a risk and a competitive advantage, enabling cheaper capital raises but exposing downside if sentiment shifts. Lower interest rates could pressure income but also improve portfolio credit quality and increase deal flow, partially offsetting negatives for HTGC.
