Latest news with #MonroeCapital
Business Wire
09-06-2025
- Business
- Business Wire
Horizon Technology Finance Appoints Paul Seitz as Chief Investment Officer
FARMINGTON, Conn.--(BUSINESS WIRE)--Horizon Technology Finance Corporation (NASDAQ: HRZN) ('Horizon' or 'HRZN') (the 'Company'), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity backed and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries, announced today that it has appointed Paul Seitz as its new Chief Investment Officer. Concurrently, Daniel Devorsetz has stepped down as Chief Operating Officer and Chief Investment Officer, but will remain involved with the Company through September 2025. 'We are thrilled to welcome Paul as our new Chief Investment Officer,' said Michael P. Balkin, Chief Executive Officer of Horizon. 'Paul has a proven track record of building high-quality, tech-focused portfolios from his time at Monroe Capital, and his deep expertise in software underwriting makes him the ideal choice to lead our next phase of growth. Paul will also further enhance the relationship between Horizon and Monroe, enabling us to further leverage Monroe's broader capabilities and infrastructure as we seek to deliver meaningful value to our shareholders. I also want to express our sincere gratitude to Dan Devorsetz for his invaluable contributions over the past two decades. Dan's leadership and insight have been instrumental in building Horizon into the Company it is today.' Mr. Seitz joins Horizon from Monroe Capital, where he served as Managing Director and Head of Software Underwriting. During his tenure, Paul was responsible for leading and managing the underwriting process within the software, technology and tech-enabled services industry, focusing on pre-IPO and growth-stage technology companies, managing a portfolio of loan transactions, and various account management functions. He started at Monroe in 2019 and brings over 10 years of experience in technology lending and investing. Prior to Monroe, Mr. Seitz was a Vice President at TriplePoint Capital, covering both the North American and European markets, and was responsible for identifying and evaluating investment opportunities, due diligence, market research, financial modeling and business model analysis. His experience also includes roles at NXT Capital, as Senior Analyst on the Venture Finance team, and Duff & Phelps as an Analyst. Mr. Seitz earned his B.S. in Finance from Penn State. About Horizon Technology Finance Horizon Technology Finance Corporation (NASDAQ: HRZN), externally managed by Horizon Technology Finance Management LLC, an affiliate of Monroe Capital, is a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity backed companies and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio's return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located throughout the U.S. Monroe Capital is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity. To learn more, please visit Forward-Looking Statements Statements included herein may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Horizon's filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Yahoo
09-06-2025
- Business
- Yahoo
Horizon Technology Finance Appoints Paul Seitz as Chief Investment Officer
FARMINGTON, Conn., June 09, 2025--(BUSINESS WIRE)--Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon" or "HRZN") (the "Company"), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity backed and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries, announced today that it has appointed Paul Seitz as its new Chief Investment Officer. Concurrently, Daniel Devorsetz has stepped down as Chief Operating Officer and Chief Investment Officer, but will remain involved with the Company through September 2025. "We are thrilled to welcome Paul as our new Chief Investment Officer," said Michael P. Balkin, Chief Executive Officer of Horizon. "Paul has a proven track record of building high-quality, tech-focused portfolios from his time at Monroe Capital, and his deep expertise in software underwriting makes him the ideal choice to lead our next phase of growth. Paul will also further enhance the relationship between Horizon and Monroe, enabling us to further leverage Monroe's broader capabilities and infrastructure as we seek to deliver meaningful value to our shareholders. I also want to express our sincere gratitude to Dan Devorsetz for his invaluable contributions over the past two decades. Dan's leadership and insight have been instrumental in building Horizon into the Company it is today." Mr. Seitz joins Horizon from Monroe Capital, where he served as Managing Director and Head of Software Underwriting. During his tenure, Paul was responsible for leading and managing the underwriting process within the software, technology and tech-enabled services industry, focusing on pre-IPO and growth-stage technology companies, managing a portfolio of loan transactions, and various account management functions. He started at Monroe in 2019 and brings over 10 years of experience in technology lending and investing. Prior to Monroe, Mr. Seitz was a Vice President at TriplePoint Capital, covering both the North American and European markets, and was responsible for identifying and evaluating investment opportunities, due diligence, market research, financial modeling and business model analysis. His experience also includes roles at NXT Capital, as Senior Analyst on the Venture Finance team, and Duff & Phelps as an Analyst. Mr. Seitz earned his B.S. in Finance from Penn State. About Horizon Technology Finance Horizon Technology Finance Corporation (NASDAQ: HRZN), externally managed by Horizon Technology Finance Management LLC, an affiliate of Monroe Capital, is a leading specialty finance company that provides capital in the form of secured loans to venture capital and private equity backed companies and publicly traded companies in the technology, life science, healthcare information and services, and sustainability industries. The investment objective of Horizon is to maximize its investment portfolio's return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located throughout the U.S. Monroe Capital is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity. To learn more, please visit Forward-Looking Statements Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Horizon's filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. View source version on Contacts Investor Relations:ICRGarrett Edsonir@ (646) 200-8885 Media Relations:ICRChris GillickHorizonPR@ (646) 677-1819 Sign in to access your portfolio
Bloomberg
07-06-2025
- Business
- Bloomberg
Monroe's Koenig on Navigating Risk Amid Growth: Credit Crunch
"I'm an entrepreneur, I'm a capitalist. I love growth, I love to back entrepreneurs.", is how Ted Koenig, founder, chairman and CEO of Monroe Capital, sees the firm's expansion to over $20 billion in assets under management from it's founding in 2004. Ted joins Bloomberg Intelligence's Noel Hebert and Sam Geier to discuss the firm's founding, attracting capital, identifying partners for growth, and the current market landscape. We talk diversification and CLOs, how big is too big, attracting capital and giving back to the community. That and much more on this episode of Credit Crunch. The Credit Crunch podcast is part of BI's FICC Focus series. Listen on Apple Podcasts and Spotify.
Washington Post
07-05-2025
- Business
- Washington Post
Monroe Capital: Q1 Earnings Snapshot
CHICAGO — CHICAGO — Monroe Capital Corporation (MRCC) on Wednesday reported profit of $532,000 in its first quarter. The Chicago-based company said it had net income of 3 cents per share. Earnings, adjusted for investment costs, were 19 cents per share.
Japan Times
07-05-2025
- Business
- Japan Times
SMBC teams with private lenders to offer $1.7 billion of credit
Sumitomo Mitsui Banking is joining forces with asset managers at Monroe Capital and MA Financial Group to work together on $1.7 billion of lending deals in the fast-growing private credit market. The tie-up between the Japanese banking conglomerate and its new partners will target U.S. middle-market companies, according to executives. They'll be offering first-lien senior-secured loans starting this month, with the potential to increase the total based on demand. "All three of us are very focused on making this a scalable, long-term partnership,' with "a shared credit and investing mindset,' Thomas Bergen, head of private credit at SMBC Americas, said in an interview. Alliances among banks and private credit managers — long seen as rivals in providing financing — are reshaping Wall Street and capital markets as the two industries increasingly converge. Banks are looking to maintain their streams of fees without risking as much of their own capital and running afoul of regulatory limits. Private credit firms, which handle about $1.6 trillion in assets according to Preqin, are under pressure to find new sources of business by tapping into banks' base of customers. All three firms expect to provide the venture's investable capital, with MA Financial's contribution coming from its managed funds. The recent rush into private credit by banks and asset managers has spurred concern that credit quality might be suffering, and that trade wars and a shrinking economy might make borrowers vulnerable. The new partners say they've taken precautions. "Having a fresh capital base, unburdened by any legacy issues, is ideal going into this type of an environment,' SMBC's Bergen said. "We're able to digest and process some of the risks that are out there before making a lending decision.' The group envisions teaming SMBC's private credit and sponsor financing with Monroe's direct lending capabilities and MA Financial's specialties in credit and co-lending. "Our expectation is this will be successful because we see the market opportunity' for lending to U.S. middle-market companies, those that generate $10 million to $50 million of Ebitda, said Zia Uddin, Monroe's president. His Chicago-based firm specializes in private credit strategies including direct lending, venture debt, structured credit and alternative credit solutions. Australia-based MA Financial manages more than $6.7 billion in assets and oversees about $91 billion in managed loans. The firm has a U.S.-based team focused on specialty credit and lending partnerships. "In times like this, you want to be in defensive credit, such as first-lien senior secured positions to established businesses,' said Frank Danieli, head of MA Financial's global credit solutions. "These are real-world companies that actually need financing.'
