Business
Horizon Technology Finance Appoints Daniel Devorsetz as Chief Operating Officer
FARMINGTON, Conn., June 9, 2021 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon," or the "Company"), a leading specialty
About this update from Horizon Technology Finance Corporation
[{"type":"text","content":"FARMINGTON, Conn., June 9, 2021 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) (\"Horizon,\" or the \"Company\"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced that it has appointed Daniel S. Devorsetz as Chief Operating Officer effective immediately.\nIn addition, Devorsetz has concurrently been appointed as Chief Operating Officer of Horizon's external investment advisor, Horizon Technology Finance Management LLC (the \"Advisor\" or \"HTFM\"). He currently serves as Chief Investment Officer for both Horizon and the Advisor, and will continue in those roles. He reports to Horizon President Gerald A. Michaud. \nDevorsetz joined HTFM in 2004 as Vice President, Credit, responsible for credit underwriting and portfolio management. He authored the policies and developed the tools and systems used by the team to structure, underwrite, and track its investments. Devorsetz was promoted to Chief Credit Officer in 2008 and named Chief Investment Officer in 2014. In recent years, his efforts have further enhanced Horizon's industry leading business development, credit operations and portfolio management functions. \n\"This appointment is well deserved and the culmination of many years of hard work and dedication to our organization,\" said Michaud. \"As one of Horizon's early employees, Dan has always approached his role with an entrepreneurial instinct, and over time has built our institutional grade platform to adapt to the growing size, scope and complexity of the venture lending marketplace. This appointment reflects his expanded role, and we look forward to many more years of his leadership.\"\nPrior to joining Horizon, Devorsetz was a Vice President in General Electric Capital Corporation's Life Science Finance Group, where he was primarily responsible for the underwriting and portfolio management of debt and equity investments to venture capital-backed life science companies. Prior to that, he was a Credit Manager at GATX Ventures, Inc., the venture lending subsidiary of GATX Corporation, and was a member of GATX's international credit committee. His previous experience also includes roles as Vice President and Directo...