Horizon Technology originated $93.1M of loans in Q3

Horizon Technology Finance, an affiliate of Monroe Capital, provided its portfolio update for the third quarter ended September 30, 2024 and an update on the lending platform of Horizon Technology Finance Management LLC, its investment adviser. “We made excellent progress in the third quarter with respect to originating new, high-quality investments, as the venture environment continues to show improvement,” said Gerald A. Michaud, President of Horizon and HTFM. “For the quarter, we originated $93.1 million of loans, as our venture debt portfolio returned to meaningful growth. We also significantly increased our committed backlog to $189.9 million of debt investments, providing Horizon with a solid foundation for future lending opportunities. We continue to believe Horizon remains well positioned to deliver additional value to its shareholders.”