May 8, 2009 (FinancialWire) — Hercules Technology Growth Capital, Inc.’s (NASDAQ: HTGC) board has approved a $15 million share repurchase program.

The company said it expects that the share repurchase program will be in effect until November 7, or until the approved dollar amount has been used to repurchase shares.

Palo Alto, California-based Hercules Technology Growth Capital is a specialty finance company providing debt and equity capital to technology and life science companies at all stages of development.

The company primarily finances privately held companies backed by venture capital and private equity firms. The company has additional offices in the Boston, Boulder and Chicago areas.

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