Hercules Capital, Inc. (NYSE:HTGC) Q2 2019 Earnings Conference Call - Final Transcript
Aug 01, 2019 • 05:00 pm ET
Good afternoon, ladies and gentlemen, and welcome to Hercules Capital Q2 2019 Earnings Conference Call. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator instructions] I would now like to turn the conference over to your host, Mr. Michael Hara. Please go ahead.
Thank you, Angela. Good afternoon, everyone, and welcome to Hercules Conference Call for the second quarter of 2019. With us on the call today from Hercules are Scott Bluestein, Chief Executive Officer and Chief Investment Officer; and Seth Meyer, our Chief Financial Officer. Hercules second-quarter 2019 financial results were released just after today's market close and can be accessed from Hercules Investor Relations section at htgc.com.
We've arranged for a replay of the call at Hercules web page or by using the telephone number and passcode provided in today's earnings release. During this call, we may make forward-looking statements based on current expectations. Actual financial results filed with the Securities and Exchange Commission may differ from those contained herein due to timing delays between the date of this release and in the confirmation of final audit results.
In addition, the statements contained in this release that are not purely historical are forward-looking statements. These forward-looking statements are not guarantees of future performance, and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements, including and without limitation, the risks and uncertainties, including the uncertainties surrounding the current market turbulence and other factors we've identify from time to time in our filings with the SEC.
Although we believe that the assumptions on which these forward-looking statements are reasonable, any of those assumptions can prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also can be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Hercules assumes no obligation to update the forward-looking statements or subsequent events.
To obtain copies of related SEC filings, please visit our website at htgc.com. With that, I will turn the call over to Scott.
Thank you, Michael, and good afternoon, everyone, and thank you all for joining us today. Q2 was an exceptional quarter for Hercules, where we once again delivered multiple records, along with strong and consistent operating and credit performance. The momentum that we experienced coming out of Q1 continued through Q2, which enables us to further strengthen and extend our leadership position in the venture lending and growth stage financing market.
Our Q2 performance was attributable to our best-in-class investment team and the strength and diversification of our investment platform. Scale, experience, access to the capital markets and diversification across our assets and liabilities are key competitive attributes that provide optionality that we believe is unique to Hercules and positions us well at this particular juncture of the credit and economic cycle.
Q2 was highlighted by multiple records, including new