Main enterprise lender launches particular function car with Waterfall Asset Administration with preliminary capital dedication of $100 million
FARMINGTON, Conn., March 31, 2021 /PRNewswire/ — Horizon Know-how Finance Administration LLC (“Horizon”), a registered funding advisor that underwrites and manages secured loans made to corporations within the expertise, life science, healthcare data and companies, and sustainability industries, and the supervisor and advisor for Horizon Know-how Finance Company (NASDAQ: HRZN), introduced immediately that on March 4, 2021 it entered into an settlement with Waterfall Asset Administration, LLC (“Waterfall”) to originate and handle a enterprise debt portfolio. Horizon will originate and handle an preliminary dedication of $100 million, with the potential to extend to $300 million over time.
The particular function car will allow Horizon, on behalf of all of its suggested funds, to entry bigger funding alternatives in rising corporations – and attain extra of them, whereas additional diversifying its funding portfolios and reducing its publicity to any single firm and focus threat in any business.
“We recognize the boldness that Waterfall has positioned in our crew with this substantial dedication,” mentioned Daniel R. Trolio, Senior Vice President and Chief Monetary Officer of Horizon. “All through our historical past, we have now at all times sought to ship significant and sustainable yields to our buyers. As extra venture-backed corporations add debt to their capital buildings, Horizon is effectively positioned to make the most of this pattern by our sourcing community, diligent underwriting course of, and repute for working collaboratively with our fairness sponsor companions and portfolio corporations.”
Robert W. Baird & Co. served as monetary advisor on the transaction. Dechert LLP served as authorized advisor to Horizon. Kramer Levin Naftalis & Frankel LLP served as authorized advisor to Waterfall.
About Horizon Know-how Finance Administration LLC
Horizon Know-how Finance Administration is a registered funding advisor that underwrites and manages secured loans to enterprise capital backed corporations within the expertise, life science, healthcare data and companies, and sustainability industries, and is the exterior advisor for Horizon Know-how Finance Company (NASDAQ: HRZN). The funding goal of Horizon is to maximise its funding portfolio’s return by producing present earnings from its debt investments and capital appreciation from the warrants acquired when making such debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional workplace in Pleasanton, California, and funding professionals positioned in Portland, Maine, Austin, Texas, and Reston, Virginia. To study extra, please go to www.horizontechfinance.com.
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SOURCE Horizon Know-how Finance Company