Hercules Capital, Inc. (HTGC) announced that Andrew Olson will become Chief Financial Officer effective May 18, 2026, while long‑time CFO Seth Meyer will step into the role of President. The transition is part of a planned succession strategy that keeps the company’s financial leadership in experienced hands while positioning it for continued growth.
Olson brings more than 19 years of experience in alternative asset management, private credit, and private equity. He previously served as CFO at SVB Capital and Revelation Partners, and he returned to Hercules Capital as Vice President of Finance and Senior Controller and as Interim CFO from 2014 to 2017. His deep familiarity with the firm’s capital‑structure and underwriting processes is expected to strengthen the company’s financial stewardship and capital allocation discipline.
Meyer, who has been CFO since 2019, will now focus on broader strategic initiatives as President. His tenure has seen the company navigate a challenging venture‑capital environment, and his promotion signals confidence in his ability to guide the firm’s long‑term growth strategy.
The appointment comes after a year of record commitments and fundings for Hercules Capital, but the firm has also faced headwinds from a slowdown in technology and life‑sciences loan originations and a tightening venture‑capital market. The new CFO will be tasked with maintaining a strong balance sheet and disciplined underwriting while capitalizing on opportunities in high‑growth sectors.
CEO Scott Bluestein said, “Elevating Seth to President is a natural step as we sharpen our focus on growing and expanding our industry‑leading platform. Simultaneously, I am thrilled to welcome back Andrew Olson, whose track record in alternative assets and private credit is world‑class and ensures that we continue to have the specialized financial leadership required to navigate the complexities of our future growth.” The comments underscore the company’s intent to combine seasoned leadership with a disciplined financial approach to sustain growth amid market volatility.
Olson’s return to the firm is expected to reinforce the company’s financial discipline, support capital deployment in its specialty‑financing platform, and help navigate the current headwinds in the venture‑debt market. The leadership change signals Hercules Capital’s commitment to maintaining robust financial controls while pursuing new opportunities in technology and life‑sciences sectors.
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