Houlihan Lokey Advises Monroe Capital

Houlihan Lokey is pleased to announce that Monroe Capital Corp. (NASDAQ:MRCC; MRCC) has merged with Horizon Technology Finance Corp. (NASDAQ:HRZN; HRZN), with HRZN remaining as the surviving company. Houlihan Lokey served as the exclusive financial advisor to the Special Committee of MRCC. The transaction closed on April 14, 2026.

The combined company, which remains externally managed by Horizon Technology Finance Management LLC (HTFM), will have approximately $471.7 million of net assets on a pro forma basis immediately following closing, including approximately $141.1 million in cash received in connection with the merger. As stated in the company’s proxy statement, the company intends to use such cash to repay a portion of its outstanding indebtedness and to make investments in accordance with its investment objective and strategies.

“We are excited to complete our merger with MRCC and launch a new chapter of the Horizon story,” said Mike Balkin, Chief Executive Officer of HRZN. “Strengthened by the added capital resources from the MRCC merger and the continued backing of Monroe Capital, a leading asset manager with approximately $24 billion in AUM, we believe we are well-positioned to compete for and win a greater number of larger-sized originations, accelerating our growth and overall scale, and increasing our risk-adjusted returns over time. By successfully executing on our growth strategy, we believe we will drive long-term value creation for our shareholders, while we continue to be a leading financial partner to the innovation economy.”

This transaction highlights Houlihan Lokey’s market-leading position advising business development companies and managers on a variety of strategic initiatives. It represents the firm’s sixth completed related party BDC merger in the past five years and the 16th announced BDC transaction since 2015.

Houlihan Lokey served as the financial advisor to the special committee of MRCC.

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