HRZN

Horizon Technology Finance Corporation operates as a specialty finance company providing secured loans to venture capital and private equity-backed development-stage companies in the technology, life science, healthcare information and services, and sustainability industries. Headquartered in Farmington, Connecticut, the company functions as a closed-end investment firm that has elected to be regulated as a business development company under the Investment Company Act of 1940. HRZN primarily offers term loans ranging from $1 million to $50 million to companies that typically lack access to traditional bank financing due to their growth stage and asset profiles. The firm's investment portfolio spans various technology subsectors including software, hardware, semiconductors, biotechnology, medical devices, and clean technology. As of recent reports, Horizon manages a diversified portfolio of debt and equity investments across dozens of portfolio companies, with total investment assets exceeding $700 million. The company generates revenue primarily through interest income on its debt investments, along with prepayment fees and capital gains from equity positions. Horizon distinguishes itself through specialized expertise in venture lending and deep relationships within the venture capital ecosystem, enabling it to source and evaluate deals in high-growth sectors. The company is externally managed by its investment adviser and pays regular quarterly distributions to shareholders from its net investment income.