Horizon Technology Finance Management Announces Key Promotions

Rhea-AI Summary

Horizon Technology Finance Management has announced senior-level promotions within its business development team, elevating Todd A. McDonald and Kevin T. Walsh to Senior Managing Directors. McDonald, with over 20 years of experience, has been with Horizon since 2017, focusing on East Coast technology markets. Walsh, employed since 2006, has over 25 years of experience in the West Coast markets. The President of Horizon, Gerald A. Michaud, credited their contributions to the company's growth and success.

Positive

• Promotions of Todd A. McDonald and Kevin T. Walsh indicate strong organizational growth.
• Experienced leadership in both East and West Coast technology markets enhances strategic positioning.

Negative

• None.

 

FARMINGTON, Conn., Feb. 24, 2022 /PRNewswire/ -- Horizon Technology Finance Management LLC ("Horizon" or "the Adviser"), a registered investment adviser that underwrites and manages secured loans made to companies in the technology, life science, healthcare information and services, and sustainability industries, and the manager and adviser for Horizon Technology Finance Corporation (NASDAQ: HRZN), today announced two senior-level promotions within its business development team.

The following professionals have been promoted to Senior Managing Director:

Todd A. McDonald

Mr. McDonald joined Horizon in 2017, and is responsible for business development in the east coast technology markets. He has over 20 years of business development experience in the financial services and venture lending industries, having served as Director at ORIX Growth Capital, and as Group Manager and Senior Vice President at Comerica Bank.

Kevin T. Walsh

Mr. Walsh joined Horizon in 2006, and is responsible for business development in the west coast technology markets. Prior to his current role, he was Vice President and Senior Credit Officer at Horizon, responsible for underwriting and portfolio management. Mr. Walsh has more than 25 years of experience working with early stage, venture capital-backed technology and life science companies.

"Our origination capabilities have fueled the growth of our platform in recent years, and both Todd and Kevin have been instrumental to our success," said Gerald A. Michaud, President of Horizon.  "We are pleased to recognize their excellent track records and achievements in the technology markets of their respective regions. We are grateful for their dedication to Horizon, and look forward to their continued contributions and success as senior leaders of the firm."

About Horizon Technology Finance Management LLC

Horizon Technology Finance Management is a registered investment adviser that underwrites and manages secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, and is the external adviser for Horizon Technology Finance Corporation (NASDAQ: HRZN). The investment objective of Horizon is to maximize its investment portfolios' returns by generating current income from its debt investments and capital appreciation from the warrants received when making such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located in Portland, Maine, Austin, Texas, and Reston, Virginia. To learn more, please visit www.horizontechfinance.com.

Contacts:

Investor Relations:
ICR
Garrett Edson
ir@horizontechfinance.com
(860) 284-6450

Media Relations:
ICR
Chris Gillick
HorizonPR@icrinc.com   
(646) 677-1819

View original content:https://www.prnewswire.com/news-releases/horizon-technology-finance-management-announces-key-promotions-301490275.html

SOURCE Horizon Technology Finance Corporation

FAQ

What recent promotions were announced by Horizon Technology Finance?

Horizon Technology Finance announced the promotions of Todd A. McDonald and Kevin T. Walsh to Senior Managing Directors.

What experience do the newly promoted Senior Managing Directors at Horizon have?

Todd A. McDonald has over 20 years in business development, and Kevin T. Walsh has more than 25 years of experience in technology and life sciences.

When were the senior-level promotions at Horizon announced?

The promotions were announced on February 24, 2022.

What is the significance of the promotions at Horizon?

The promotions signify a commitment to growth and strategic positioning in the technology markets.

What is the stock symbol for Horizon Technology Finance?

The stock symbol for Horizon Technology Finance is HRZN.