Horizon Technology Finance Management (HTFM) has hired Todd McDonald as managing director for the Mid-Atlantic Technology and Clean Technology markets, and Mike Lederman as managing director for the West Coast Technology and Clean Technology markets.
HTFM is advisor to Horizon Technology Finance Corporation (Nasdaq: HRZN), a specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life sciences, healthcare information and services, and clean-tech industries.
Additionally, the firm has opened a new office in Reston, Virginia, expanding its geographic reach to the Mid-Atlantic region.
Robert D. Pomeroy, Jr., chair and CEO, said, “These additions and the new office in northern Virginia will enhance our venture lending platform across the U.S. and reflects our commitment to serving key markets for venture-backed companies, including the Mid-Atlantic and western regions.”
He added, “Both professionals bring to Horizon an established track record of originating new loans, strong relationships with the venture capital community and considerable experience providing growth capital to development-stage companies.”
McDonald has approximately 20 years of business development experience in the financial services industry. As Managing Director, Mid-Atlantic Technology and Clean Technology, he will be responsible for developing and maintaining sponsor relationships and sourcing debt financing opportunities with venture-backed companies in the Mid-Atlantic region.
Previously, McDonald held various positions at Comerica Bank, most recently as Group Manager and Senior Vice President, Technology and Life Sciences Division, where he oversaw a portfolio of venture-backed technology companies and led business development initiatives across the East Coast.
Lederman has more than 10 years of business development experience in the financial services industry. As managing director, West Coast Technology and Clean Technology, he will be responsible for developing and maintaining sponsor relationships and sourcing debt financing opportunities among venture-backed companies in the western region of the U.S.
He will be based out of the Company’s office in Walnut Creek, California. Lederman most recently was senior vice president and regional market manager, Technology Banking Division, at Bridge Bank, NA, where he was responsible for new business development in the San Francisco area.
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