HRZN Profile
Horizon Technology Finance Corp. (HRZN) is a business development company that provides capital to small and mid-sized companies. It was founded in 2010 and is headquartered in Farmington, Connecticut.
HRZN's primary business is investing in privately-held companies in the technology, life science, healthcare information and services, and cleantech industries. The company seeks to provide debt and equity financing solutions to its portfolio companies, typically in the range of $5 million to $25 million. HRZN also offers customized loan facilities, revolving credit facilities, and lines of credit to its portfolio companies.
As of December 31, 2020, HRZN had a portfolio of 32 companies with an aggregate fair value of $329.4 million. The portfolio was diversified across various industries, with the largest sector being healthcare, which accounted for 35% of the portfolio.
HRZN generates revenue primarily from interest income on its debt investments and dividends on its equity investments. In 2020, the company generated total investment income of $41.4 million.
HRZN's investment strategy focuses on companies with a strong market position, sustainable competitive advantages, and experienced management teams. The company's investment team has significant experience in venture capital, private equity, and investment banking, which allows them to evaluate investment opportunities and provide value-added services to portfolio companies.
In summary, HRZN is a business development company that provides capital to small and mid-sized companies in the technology, life science, healthcare information and services, and cleantech industries. The company generates revenue primarily from interest income on its debt investments and dividends on its equity investments, and its investment strategy focuses on companies with a strong market position, sustainable competitive advantages, and experienced management teams.
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