Horizon Technology forms $100M joint venture with CR Financial Holdings

Horizon Technology (HRZN), an affiliate of Monroe Capital, announced the formation of a new joint venture with CR Financial Holdings, or CRFH, the holding company for Roth Capital Partners. The joint venture will provide growth capital financing solutions to small- and micro-cap public companies based primarily in the U.S. Horizon and CRFH will make initial capital commitments totaling $100M. The joint venture intends to leverage its initial capital by entering into warehouse credit facilities from time to time. Governance and investment decisions will be made by a four-person board and a four-person investment committee, with Horizon and CRFH equally represented on each. The joint venture expects to be supported on larger investments by Monroe Capital, a private credit investment firm with approximately $24B in assets under management and over 500 individual portfolio companies.