Monroe Capital LLC (“Monroe”) has announced the successful completion of its acquisition of Horizon Technology Finance Management LLC (“Horizon”), a prominent leader in venture debt lending. Horizon serves as the investment adviser to Horizon Technology Finance Corporation, specializing in venture debt products for high-growth companies in industries such as technology, life sciences, healthcare information and services, and sustainability. With its establishment in 2004, Horizon has been a trailblazer in venture debt, investing in over 315 venture-backed companies. This acquisition strengthens Monroe Capital’s existing platform by incorporating a seasoned investment team with a distinguished track record spanning multiple market cycles.
Ted Koenig, Chairman and CEO of Monroe, expressed his thoughts on the acquisition, stating, “With Horizon’s status as one of the largest venture debt platforms in the United States, it is a significant addition to Monroe’s diverse portfolio of direct lending products, which includes CLOs, lower middle market lending, opportunistic lending, and real estate. We eagerly anticipate close collaboration with an exceptional management team to foster long-term growth within our platform. This acquisition aligns with Monroe’s strategy of delivering unique, niche-focused investment solutions to institutional and high net worth clients worldwide. We are enthusiastic about the potential of leveraging our platform to offer our limited partners a distinctive lending product within one of the fastest-growing segments of private credit.”