Latest news with #Seitz
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
Yahoo
25-05-2025
- General
- Yahoo
Seitz to launch Diocese environmental plan during special Mass on Sunday
EL PASO, Texas (KTSM) — El Paso Bishop Mark J. Seitz will celebrate a special bilingual Mass Sunday, May 25 and will sign and inaugurate the Diocese's environmental action plan. The Mass will be at 11 a.m. May 25 at St. Luke Catholic Church, 930 E. Redd Road. The Mass will mark the 10th anniversary of Laudato Si', Pope Francis' landmark encyclical on care for 'our common home,' and the 800th anniversary of St. Francis of Assisi's 'Canticle of the Creatures,' the Diocese said. As part of this diocesan celebration, Seitz will officially sign and inaugurate the Laudato Si' Action Plan for the Diocese of El Paso. 'This new plan will guide the local Church's commitment to the values of Laudato Si' and Laudate Deum, deepening efforts toward environmental stewardship and solidarity with the poor across all ministries and institutions,' the Diocese said. The Mass will bring together representatives from local parishes, Catholic organizations, and environmental advocacy groups, including the Care for Creation Ministry at St. Luke, the Texas Chapter of the Laudato Si' Movement, and New Mexico–El Paso Power and Light, the Diocese said. 'Pope Francis reminds us that care for the Earth is inseparable from care for the most vulnerable,' Seitz said. 'This plan invites every person, parish, and diocesan structure to reflect on our impact and take real steps to live more sustainably and faithfully.' Released on May 24, 2015, Laudato Si' called for an 'integral ecology' that recognizes the deep connections between the environmental crisis and global inequality, the Diocese said. In 2023, Pope Francis continued this message with Laudate Deum, which addressed the growing climate emergency and the moral urgency of collective action. The Diocese's new action plan will provide tools and guidance for all Catholics to engage in concrete steps, the Diocese said. These actions can include creating special ministries, evaluating use of resources and adopting sustainable practices, the Diocese said. The Laudato Si' Diocesan Action Commission is available to assist parishes and organizations looking to implement or expand environmental initiatives, the Diocese said. For more information, contact laudatosicommissiondep@ Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Boston Globe
15-05-2025
- Business
- Boston Globe
Buying a home — with a little help from friends
Advertisement It's tough to buy a home with someone who's unrelated to you — a practice known as copurchasing. Most banks are reluctant to broker mortgages to unmarried people looking to buy together, and it's still a relatively rare occurrence. But a new City of Boston program aims to change that. Get The Gavel A weekly SCOTUS explainer newsletter by columnist Kimberly Atkins Stohr. Enter Email Sign Up In her recent State Of The City address, Mayor Michelle Wu unveiled Copurchasing isn't completely novel. In the 1920s, working-class Jewish New Yorkers joined forces to Advertisement But owning a home with friends isn't necessarily the same thing as living in a co-op. Some co-ops encourage shared social events like dinners and meetings, while others have a more intentional theme — such as the Either way, you're sharing not just the home-buying costs but the oft-overlooked hassles of owning a home. If the furnace breaks or if a tree falls on your roof, you all are responsible. But that also means you don't have to fix it alone. Evan Seitz co-owns a large house in Roslindale with five friends. The idea of buying together arose when Seitz and some of his future co-owners were housemates at the Unitarian Universalist Lucy Stone Cooperative in Roxbury, where residents cook, clean, and shop together, sometimes several times a week. They were feeling burned out by the obligations of that co-op living style. 'We sort of discovered that we were all planning on leaving,' Seitz says. . Co-ownership of a house, split equally, struck them as an ideal balance between affording Boston housing prices, transitioning to a more laid-back living situation, and holding on to some of the community benefits they enjoyed at the Lucy Stone Cooperative. But like most people trying to co-own a house, they had trouble getting a mortgage from a bank. 'We got lucky and were able to secure a private mortgage through my housemate's mom, who had this lump sum of money from her late partner's life insurance and was happy to loan it to us,' Seitz says. Advertisement Margaret Rosewitz, a book production coordinator, ran into a similar hurdle while trying to buy a multiunit property with her sister and a close friend in Dorchester. 'The concept of a mortgage with three people seemed to be confusing for our broker,' Rosewitz says. 'But on the other hand, our real estate agent was really excited about the idea because it felt novel at the time. He had never done anything like this before.' After closing on a triple-decker in Codman Square, the three were introduced to Ingram-Bee, the Jamaica Plain real estate agent who has channeled her interest in co-ownership into offering free informational seminars for aspiring homebuyers. She uses success stories like Rosewitz's in her sessions as tangible examples of what unrelated buyers should anticipate as they house-hunt. 'I break it down into three categories,' Ingram-Bee says. 'There are the managerial questions such as, do you mostly want your own spaces or will there be more communal spaces? The financial side is often the most important; you need to have candid, in-depth conversations about your incomes, debts, credit scores, and money habits.' And just as crucial, according to Ingram-Bee, is the legal structure of co-ownership agreements. This includes provisions for scenarios like one co-owner deciding to move and sell their share of the property. One of the people living with Seitz decided to move on three years after they bought the house together. 'We had collectively planned for something like this by setting aside money that would allow the rest of us to buy the other person's share,' Seitz says. Advertisement As an aspiring copurchaser myself, I am currently renting with a few friends and testing our compatibility. I can attest that until lately, learning the basics of cobuying a home in Boston was a matter of asking around. I was introduced to Seitz and Ingram-Bee through friends, and Ingram-Bee connected me to Rosewitz. The City of Boston's new program aims to make things more official. The program includes interest-deferred loans to help copurchasers cover down payments and closing costs. Households earning up to 100 percent of the area's median income can secure up to $50,000 in interest-deferred loans (payable upon sale, transfer, or refinancing of one's property share), while those making up to 135 percent can receive up to $35,000. Paige Roosa, the director of the mayor's Housing Innovation Lab and the architect of the CoPurchasing Housing Pilot program, says that copurchasing with individuals whose incomes exceed the income limits would not prevent an eligible applicant from receiving the financial assistance themselves. The main problem that this program may help to solve for many aspiring home owners is the astronomical cost of Boston's real estate. 'We had been trying to figure out how to address the lack of supply of homes on the private market that are affordable to the kind of folks that can use our funding,' Roosa says. Supporting aspiring co-owners, as Roosa puts it, is a creative way for Boston to unlock more of the city's market-rate housing for more people. Not that long ago, many of us temporarily experienced living in the same house with extended family and friends. The first year of the COVID-19 pandemic was a remarkable moment when millions chose to live together, for social support, safety, and financial reasons. During that winter, I Advertisement In late 2020, those unanswered questions were major roadblocks. Now, Boston's new program is bringing the prospect of home ownership within reach for many more people.
Yahoo
08-05-2025
- Business
- Yahoo
Nutrien paints bullish fertilizer industry picture despite poor Q1 results
By Ed White WINNIPEG, Manitoba (Reuters) -Nutrien offered a bullish outlook for the 2025 global fertilizer market in an analyst call on Thursday, despite issuing disappointing first-quarter results on Wednesday night. Strong global demand combined with supply constraints is driving up prices around the world, said Nutrien's president and CEO, Ken Seitz, who downplayed trade-war impacts. Weather-related delays in the United States and Australia slowed down fertilizer sales, and higher-than-expected natural gas prices pinched first-quarter earnings, but energy prices have declined and global sales have recovered. "Things are going strong," Seitz said. The Saskatoon, Canada-based firm posted an adjusted profit of 11 cents per share for the quarter ended March 31, compared with analysts' average estimates of 31 cents, according to data compiled by LSEG. Nutrien shares fell 2.8% to close at C$76.19 in Toronto on Thursday. Despite the earnings miss, Morningstar analyst Seth Goldstein did not find the company's explanation about weather hurting its fertilizer retail business far-fetched. "Look at the first half, not the first quarter," he said, referring to a likely upsurge in fertilizer use by U.S. farmers following a wet early spring. "In my mind the fundamentals are looking great for the fertilizer business." Nutrien expects the global potash business to be 71 million-75 million metric tons in 2025, with industry production capacity the limiting factor rather than demand. Overall fertilizer demand is growing in all markets and spot prices are rising, Seitz said. The increase in U.S. corn acres this year is positive for fertilizer consumption due to that crop's comparatively high nutrient needs. China and India are also expected to have strong demand. The present trade battles around the world, involving the U.S., Canada, China and many other countries, have "not impacted the outlook for our business," Seitz said. Nutrien's Canadian-made products cross the U.S. border without a tariff and its global supply chain has been navigating other tariff regimes. Chris Reynolds, Nutrien's executive vice president and chief commercial officer, said tariffs could affect how fertilizers and chemicals are sourced, but "generally the story is much more about demand." Nutrien executives said they see robust U.S. demand for fertilizers in the second half of 2025, but StoneX analyst Josh Linville sees low corn profitability as a threat, especially for phosphate. "I think there are going to be some struggles," Linville said. "I think we've got a really, really big danger that we're going to see demand slower and lower than what is typical." Farmers might put off fertilizer purchases and application if they face poor returns this fall, Linville said. Nutrien's Brazilian operations continue to be reorganized, with good signs in various areas of business, but agricultural chemicals earnings are "still seeing competition from generics and it's certainly stressing (chemicals) prices," said Reynolds in the call. Nutrien is focused on production improvements, small acquisitions, cost-cutting and noncore divestitures to improve financial performance, Seitz and other executives said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
