Horizon Technology Finance Business Summary

Horizon Technology Finance Corp (NASDAQ: HRZN) operates as a specialty finance company and Business Development Company (BDC) that generates revenue through interest income, commitment fees, and prepayment premiums derived from its portfolio of senior secured loans. The firm targets four primary business segments: technology, life science, healthcare information and services, and sustainability. By structuring venture debt with warrant coverage, Horizon secures high-yield current income while maintaining exposure to the equity upside of its growth-stage portfolio companies. In the specialized venture lending market, Horizon competes directly with Hercules Capital (HTGC), TriplePoint Venture Growth (TPVG), Trinity Capital (TRIN), and Runway Growth Finance (RWAY). As an affiliate of Monroe Capital, Horizon occupies a strategic niche by providing non-dilutive, flexible capital solutions to venture-backed companies, leveraging Monroe’s extensive $19 billion credit platform to compete for larger, more complex mid-to-late-stage financing deals. The executive leadership is headed by Chief Executive Officer Michael P. Balkin, who took the helm in June 2025 after serving as an independent director; he previously spent three decades as a Partner at William Blair and served as Chief Investment Officer at Magnetar Investment Management. Co-founder Robert D. Pomeroy, Jr., who previously led venture lending at GATX Ventures and Transamerica Business Credit, continues to serve as Chairman of the Board following his retirement as CEO. The financial and investment operations are managed by Executive Vice President and CFO Daniel R. Trolio and Senior Vice President and CIO Paul Seitz, the latter of whom transitioned from Monroe Capital where he led software underwriting. The firm is externally managed by Horizon Technology Finance Management LLC, an affiliate of Monroe Capital, and its board of directors includes notable industry figures such as James J. Bottiglieri, former CFO of Compass Diversified, and Elaine A. Sarsynski, formerly of MassMutual.