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Horizon Technology Finance Provides Investment Portfolio Update
Jan. 12, 2017 09:14AM PST
Fintech InvestingHorizon Technology Finance Corporation (NASDAQ:HRZN), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries, has provided a portfolio update for the fourth quarter and year ended December 31, 2016. “Our fourth quarter activity included …
Horizon Technology Finance Corporation (NASDAQ:HRZN), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries, has provided a portfolio update for the fourth quarter and year ended December 31, 2016.
“Our fourth quarter activity included new loans to two public life sciences companies and positive liquidity events from three portfolio companies which has enhanced our liquidity position,” said Gerald A. Michaud, President of Horizon.
As quoted in the press release:
“During this time, we also took important steps to strengthen our investment platform by adding two senior-level hires to our life sciences team. Our expanded capabilities, combined with our strong liquidity, put us in an excellent position to grow our portfolio in 2017.”
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