Horizon Know-How Finance Administration LLC (“Horizon”), a registered funding advisor that specializes, underwrites and underwrites secured loans made to corporations within the life sciences, health care data and companies, and sustainability industries, and Horizon’s supervisor and advisor manages.
How Finance Company (NASDAQ:HRZN) immediately introduced that on March 4, 2021, it entered into an agreement with Waterfall Asset Administration, LLC (“Waterfall”) to originate and operate a venture loan portfolio. Horizon will originate and operate an initial dedication of $100 million, with the potential to expand to $300 million over time.
The special function car will allow Horizon on behalf of all of its suggested funds to enter larger funding options in growing companies – and get more of them, while further diversifying its funding portfolio and increasing its promotion for a single company. reduce and focus on the threat. any business.
Horizon Senior Vice President and Chief Monetary Officer Daniel R. “We recognize the courage that Waterfall has put in our crew with this substantial dedication,” Trolio said. “Throughout our history, we have now sought to ship significant and sustainable produce to our buyers at all times.
As additional venture-backed corporations add debt to their capital buildings, Horizon effectively increases our sourcing community, by diligent underwriting curriculum. It is positioned to make the most of this pattern, and is reputed to work collaboratively with our fairness sponsor peers and portfolio corporations.
Robert W. Baird & Company served as monetary advisor on the transaction. Dechert LLP acted as an authorized advisor to Horizon. Kramer Levin Naftalis & Frankel LLP acted as Authorized Advisors to Waterfall.
Know About Horizon Finance Administration LLC
Horizon Know-How Finance Administration is a registered funding consultant specializing in and managing secured loans to life sciences, health care data and companies and venture capital-backed corporations within the sustainability industries, and to Horizon Know-How Finance Co.
External consultant. (NASDAQ:HRZN). Horizon’s funding goal is to maximize the return of its funding portfolio by producing current income from its debt investments and capital appreciation from warrants acquired when making such debt investments.
Horizon is headquartered in Farmington, Connecticut, with regional workplaces in Pleasanton, California, and funding professionals based in Portland, Maine, Austin, Texas, and Reston, Virginia.