Horizon Technology Finance Announces Leadership Transition
FARMINGTON, Conn. – Horizon Technology Finance Corporation (NASDAQ: HRZN), a leading specialty finance firm, has announced a significant leadership transition as part of its succession planning. Effective June 5, 2025, Robert D. Pomeroy, Jr. will retire as Chief Executive Officer (CEO), while Gerald A. Michaud will step down as President. Pomeroy will continue to serve as Chairman and remain engaged as a Board member, with Michaud involved through the year’s end.
Michael P. Balkin has been appointed as the new CEO, having previously served as an independent director since June 2023. Balkin, who brings over 30 years of experience in investment management, is poised to focus on expanding Horizon’s venture debt portfolio, particularly among high-quality small-cap growth companies. Prior to this role, he was a Partner at William Blair and served as Chief Investment Officer at Magnetar Investment Management.
“Mike’s extensive background in portfolio management makes him the ideal leader to drive Horizon’s next phase of growth,” said Pomeroy, expressing confidence in Balkin’s abilities to enhance the company’s offerings and shareholder value. Theodore L. Koenig, Chairman and CEO of Monroe Capital, praised the seamless nature of the planned transition, highlighting both Pomeroy and Michaud’s contributions over their tenures.
Balkin expressed his enthusiasm for leading Horizon, emphasizing a commitment to diversifying investments while maximizing returns through secured loans and debt investments. He aims to uphold the solid foundation established by his predecessors.
Horizon Technology Finance is based in Farmington, Connecticut, and specializes in providing secured loans to companies within the technology, life sciences, and sustainability sectors, with a focus on generating current income and capital appreciation through its unique investment strategies. For more information, visit horizontechfinance.com.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
