HTFC

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, HTFC functions as a closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The company primarily originates and invests in debt and related equity investments, focusing on companies backed by established venture capital and private equity firms. HTFC's investment portfolio typically includes secured debt investments with warrants or other equity-related securities, generating returns through interest income and potential equity appreciation. As of recent reporting periods, the company manages a diversified portfolio across multiple technology and life science subsectors, including software, biotechnology, medical devices, and clean technology. The firm operates as an externally managed BDC, with Horizon Technology Finance Management LLC serving as its investment adviser. HTFC distinguishes itself through its specialized focus on venture lending to growth-stage companies that may not qualify for traditional bank financing, typically providing loans ranging from $5 million to $25 million. The company maintains relationships with prominent venture capital firms and has built expertise in evaluating technology and life science credit opportunities. HTFC pays regular quarterly distributions to shareholders funded primarily by interest income from its loan portfolio.