An announcement from Horizon Technology ( (HRZN) ) is now available.
On March 31, 2025, Horizon Technology Finance Corporation entered into a new investment management agreement with Horizon Technology Finance Management LLC following a transaction where Momentum US Bidco LLC, an affiliate of Wendel SE, acquired a 75% stake in Monroe Capital LLC’s affiliates, including the indirect parent of the Adviser. The agreement maintains the same terms as the previous one, ensuring continuity in investment advisory services. This strategic partnership aims to support Monroe’s growth initiatives and expand its U.S. private credit platform, with Wendel committing $1 billion for seed capital and GP commitments. Monroe will continue to operate independently, retaining its leadership and investment strategies, while Wendel’s involvement is expected to enhance Monroe’s market position and scalability.
More about Horizon Technology
Monroe Capital LLC is a leading asset management firm specializing in private credit markets, offering a range of strategies such as direct lending, technology finance, and venture debt. Established in 2004, Monroe provides capital solutions primarily in the U.S. and Canada, focusing on high-quality returns across economic cycles. The firm is headquartered in Chicago and operates in multiple locations globally.
YTD Price Performance: 8.55%
Average Trading Volume: 353,719
Technical Sentiment Signal: Hold
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