Monroe Capital LLC, an affiliate of Horizon Technology Finance Corporation, announced on October 22, 2024, that it has entered into a definitive agreement with Wendel Group for a strategic investment. This transaction is expected to close in the first quarter of 2025, subject to customary closing conditions and regulatory approvals.
In connection with this strategic investment, Horizon Technology Finance expects to seek approval for a new investment management agreement between the company and its investment adviser, Horizon Technology Finance Management LLC. The terms of this new agreement are anticipated to remain substantively similar to the current arrangement.
This development is significant as it could enhance the broader Monroe Capital platform, potentially providing Horizon Technology Finance with additional resources and expanded capabilities. The partnership with Wendel Group is expected to strengthen Monroe Capital's position, which could indirectly benefit HRZN's access to capital and origination opportunities.
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