Horizon Technology Finance Corporation (NASDAQ: HRZN) has announced the formation of a new joint venture with CR Financial Holdings, Inc. (CRFH), aimed at providing growth capital financing solutions to small- and micro-cap public companies primarily in the U.S. The joint venture, named HRZN CRFH LLC, will involve an initial capital commitment of $100 million, with Horizon contributing up to $87.5 million and CRFH committing $12.5 million. This strategic partnership is expected to leverage Horizon's extensive experience in growth capital lending and CRFH's established capital markets expertise. The joint venture will be governed by a four-person board and an investment committee, with equal representation from both companies. This initiative aligns with Horizon's long-term strategy to expand its capacity to support innovative, high-growth companies and is anticipated to target a multi-billion-dollar market opportunity that is currently underserved. The joint venture is expected to focus on providing financing solutions in the $5-25 million range, with the potential to increase investment sizes as necessary. The announcement was made public through a press release on March 19, 2026, coinciding with the filing of the 8-K form detailing the agreement.

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