Farmington finance company names new CEO, president
HBJ PHOTO | STEVE LASCHEVER
Gerald A. Michaud is the president of Farmington-based Horizon Technology Finance Corp., which provides debt financing to venture-backed growth startups.
Farmington-based specialty finance company Horizon Technology Finance Corp. announced Thursday that its CEO and president are retiring as part of the firm’s succession planning.
CEO Robert D. Pomeroy Jr and President Gerald A. Michaud will both retire effective June 5, according to the announcement.
The company’s board has named Michael P. Balkin to succeed Pomeroy as CEO.Horizon, which provides debt financing to venture-backed growth startups, was acquired by Chicago-based Monroe Capital LLC in 2023.
Pomeroy will remain board chairman after his retirement; Michaud will remain involved with the company through the end of the year, the announcement states.
Balkin has been an independent director of the company since June 2023.
In his new role, he will be tasked with continuing to grow Horizon’s venture debt portfolio “with a renewed focus on high quality, small-cap growth companies,” the company said.
Balkin has three decades of experience as a partner and co-manager of the small-cap growth fund at William Blair and as partner and chief investment officer at Magnetar Investment Management, a multi-strategy hedge fund.
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