8vFanI Rising interest rates have been a boon for business development companies such as Hercules Capital (NYSE:HTGC) since Q2 '22, given that their investments are mainly at floating rates, whereas the majority of their borrowings are usually at fixed rates. To note: 97.4% of HTGC's debt investments were at floating rates, as of 6/30/24. With the market currently thinking that the Fed will start dropping rates at its September meeting, it could be an about face for BDCs. HTGC's management reckons that a 50 ...