Key Takeaways
- • Hercules Capital (NYSE: HTGC) elevated Seth Meyer from Chief Financial Officer to President, effective May 18, 2026, and he will continue to report to CEO and CIO Scott Bluestein.
- • Andrew Olson, returning to Hercules after prior service there from 2014 to 2017, will succeed Meyer as Chief Financial Officer effective May 18, 2026, and also takes on Head of Corporate Development.
- • Olson brings more than 19 years of investment company leadership experience, most recently as Partner, CFO and COO at healthcare-focused secondary investment firm Revelation Partners.
- • The changes are framed by management as preparation for scaling the platform, diversification and operational efficiency, with Hercules describing itself as the largest specialty financing provider to venture, growth and established-stage companies.
Summary
Hercules Capital, Inc. (NYSE: HTGC) announced a strategic evolution of its executive leadership team intended to accelerate its next phase of growth and operational scaling, according to a Business Wire release dated May 4, 2026. Effective May 18, 2026, Seth Meyer, who has served as Chief Financial Officer since 2019, will be promoted to President. He will continue to report to the Company's Chief Executive Officer and will help oversee the scaling, growth, diversification and further expansion of the Hercules platform.
Andrew Olson will succeed Meyer as Chief Financial Officer effective the same date and will also serve as Head of Corporate Development. Olson is returning to Hercules, where he previously served as Vice President of Finance and Senior Controller, as well as Interim Chief Financial Officer, from 2014 to 2017. Since then he has held CFO roles at TriplePoint Capital and TriplePoint Venture Growth, a NYSE-listed company, and served as CFO at SVB Capital, overseeing finance and operations for its direct investment, private credit and fund of funds strategies. Most recently he was Partner, Chief Financial Officer and Chief Operating Officer at Revelation Partners, a healthcare-focused secondary investment firm. Olson began his career at PricewaterhouseCoopers as a Senior Manager in San Francisco and Hong Kong, and is a Certified Public Accountant in California.
Scott Bluestein, CEO and Chief Investment Officer, said that elevating Meyer is a natural step as Hercules sharpens its focus on growing its platform, and described Olson's private credit and alternative assets record as world-class. Meyer said his focus as President will be scaling the platform and enhancing operational capabilities to deliver long-term value for stockholders and partners. Olson said he was impressed by how the platform has scaled and strengthened its market-leading position during his time away.
Hercules describes itself as the largest specialty finance company providing senior secured venture growth loans to venture capital-backed companies in technology and life sciences, having committed more than $27 billion to over 700 companies since its December 2003 inception. Its Adviser Subsidiary also manages investments for external parties and is registered under the Investment Advisers Act of 1940. The release does not disclose financial performance or deal figures associated with the leadership changes.
Andrew Olson will succeed Meyer as Chief Financial Officer effective the same date and will also serve as Head of Corporate Development. Olson is returning to Hercules, where he previously served as Vice President of Finance and Senior Controller, as well as Interim Chief Financial Officer, from 2014 to 2017. Since then he has held CFO roles at TriplePoint Capital and TriplePoint Venture Growth, a NYSE-listed company, and served as CFO at SVB Capital, overseeing finance and operations for its direct investment, private credit and fund of funds strategies. Most recently he was Partner, Chief Financial Officer and Chief Operating Officer at Revelation Partners, a healthcare-focused secondary investment firm. Olson began his career at PricewaterhouseCoopers as a Senior Manager in San Francisco and Hong Kong, and is a Certified Public Accountant in California.
Scott Bluestein, CEO and Chief Investment Officer, said that elevating Meyer is a natural step as Hercules sharpens its focus on growing its platform, and described Olson's private credit and alternative assets record as world-class. Meyer said his focus as President will be scaling the platform and enhancing operational capabilities to deliver long-term value for stockholders and partners. Olson said he was impressed by how the platform has scaled and strengthened its market-leading position during his time away.
Hercules describes itself as the largest specialty finance company providing senior secured venture growth loans to venture capital-backed companies in technology and life sciences, having committed more than $27 billion to over 700 companies since its December 2003 inception. Its Adviser Subsidiary also manages investments for external parties and is registered under the Investment Advisers Act of 1940. The release does not disclose financial performance or deal figures associated with the leadership changes.
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