The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.

BDC portfolio

Horizon Technology Finance Corp

BDCHRZN, HTFCCIK 1487428file 814-00802FARMINGTON, CTmanaged by HORIZON TECHNOLOGY FINANCE
Fair value
$3.5B
as of Jun 30, 2026
Principal held
$705M
debt pieces, the filer's figure
Cost
$3.9B
89c on cost
Unfunded
n/a
commitments not yet drawn
Positions
300
78 borrowers
First lien
n/a
19% debt by fair value
Quarters on the tape
7
since Dec 31, 2024
Facilities held
85
1 sponsors financed
Portfolio through time
Fair value by quarter end$3.5B as of Jun 30, 2026
Dec 31, 2024$739M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$3.5B7895c0n/a
Mar 31, 2026$774M4799c0n/a
Dec 31, 2025$3.4B7099c0n/a
Sep 30, 2025$549M3995c0n/a
Jun 30, 2025$579M5291c0n/a
Mar 31, 2025$46.4M6n/a0n/a
Dec 31, 2024$739M6094c0n/a

Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.

Sponsors financed
No borrower on this schedule has a sponsor attribution yet.

Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.

What changed
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Jun 30, 2026
300 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
Assetsunstated lien unstatedn/a$677M
87c
Assetsunstated lien unstatedn/a$651M
95c
NonaffiliateDebtInvestmentsMemberunstated lien unstatedn/a$628M
97c
Life Scienceunstated lien unstatedn/a$306M
99c
NonaffiliateDebtInvestmentsTechnologyMember
Technology
unstated lien unstatedn/a$244M
98c
Healthcare Informationand Servicesunstated lien unstatedn/a$72.0M
87c
Shortterm Unrestricted Investmentsunstated lien unstatedn/a$57.3M
100c
ShorttermUnrestrictedInvestmentsUSBankMoneyMarketDepositAccountOneunstated lien unstatedn/a$57.3M
100c
Assetsunstated lien unstatedn/a$25.2M
28c
NoncontrolledAffiliateDebtInvestmentsMemberunstated lien unstatedn/a$19.9M
55c
NonaffiliateWarrantInvestmentsMemberwarrants equityn/a$16.7M
111c
Technology Kodiak Robotics Inc
Software
term loan lien unstated$15.0M$14.6M
100c
Jan 1, 2030
Life Science Ossio Inc Medical Deviceterm loan lien unstated$12.6M$12.4M
100c
Jan 20, 2031
Life Science Long Grove Pharmaceuticals
Biotechnology
term loan lien unstated$10.5M$10.5M
103c
Feb 27, 2031
Life Science Castle Creek Biosciences
Biotechnology
term loan lien unstated$10.0M$10.0M
100c
Mar 1, 2028
Healthcare Elligo Health Research Inc
Software
term loan lien unstated$10.0M$9.9M
100c
Oct 1, 2027
Life Science Onkos Surgical Inc Medical Deviceterm loan lien unstated$10.0M$9.9M
100c
Jan 1, 2030
Life Science Onkos Surgical Inc Medical Deviceterm loan lien unstated$10.0M$9.9M
100c
Oct 1, 2030
Life Science Sonex Health Inc Medical Deviceterm loan lien unstated$10.0M$9.9M
100c
Apr 1, 2030
Technology Samba TV Inc
Software
term loan lien unstated$10.1M$9.9M
100c
Dec 1, 2030
Technology Brite Core Holdings Inc
Software
term loan lien unstated$10.0M$9.8M
100c
Jan 1, 2031
Life Science Pelthos Therapeutics Inc
Biotechnology
term loan lien unstated$10.0M$9.8M
100c
Jan 31, 2031
Life Science Pelthos Therapeutics Inc
Biotechnology
term loan lien unstated$10.0M$9.8M
100c
Jan 31, 2031
Life Science Sonex Health Inc Medical Deviceterm loan lien unstated$10.0M$9.8M
100c
Apr 1, 2030
NonaffiliateWarrantInvestmentsTechnologyMemberwarrants equityn/a$8.7M
108c
NonaffiliateWarrantInvestmentsLifeScienceMemberwarrants equityn/a$7.6M
126c
Life Science Scientia Vascular Inc Medical Deviceterm loan lien unstated$7.6M$7.5M
100c
Jan 20, 2031
Technology Samba TV Inc
Software
term loan lien unstated$7.5M$7.4M
100c
Dec 1, 2030
Technology Mastery Prep LLC
Software
term loan lien unstated$7.5M$7.4M
100c
Jul 1, 2029
Healthcare GT Medical Technologies Inc Other
Healthcare Services
term loan lien unstated$7.5M$7.4M
100c
Oct 1, 2029
Technology Brite Core Holdings Inc
Software
term loan lien unstated$7.5M$7.4M
100c
Jan 1, 2031
Technology Mastery Prep LLC
Software
term loan lien unstated$7.5M$7.4M
100c
Jul 1, 2029
Technology Kodiak Robotics Inc
Software
term loan lien unstated$7.5M$7.3M
100c
Jan 1, 2030
Technology Kodiak Robotics Inc
Software
term loan lien unstated$7.5M$7.3M
100c
Jan 1, 2030
Hound Labs IILLC
Diagnostics
term loan lien unstated$7.2M$6.7M
93c
Jul 1, 2027
Sustainabilityunstated lien unstatedn/a$5.9M
100c
Life Science Castle Creek Biosciences
Biotechnology
term loan lien unstated$5.5M$5.5M
100c
Mar 1, 2028
Technology Dropoff Inc
Software
term loan lien unstated$9.2M$5.4M
59c
Jun 30, 2028
Life Science MMLUS Inc Medical Deviceterm loan lien unstated$5.2M$5.2M
100c
Mar 1, 2030
Life Science MMLUS Inc Medical Deviceterm loan lien unstated$5.2M$5.2M
100c
Mar 1, 2030
Life Science Onkos Surgical Inc Medical Deviceterm loan lien unstated$5.2M$5.1M
100c
Mar 1, 2030
Life Science MMLUS Inc Medical Deviceterm loan lien unstated$5.2M$5.1M
100c
Mar 1, 2030
Shengrow Inc Other Sustainabilityrevolver lien unstated$5.0M$5.0M
119c
Mar 31, 2027
Shengrow Inc Other Sustainabilityrevolver lien unstated$5.0M$5.0M
100c
Mar 31, 2027
Life Science Castle Creek Biosciences
Biotechnology
term loan lien unstated$5.0M$5.0M
100c
Mar 1, 2028
Life Science Castle Creek Biosciences
Biotechnology
term loan lien unstated$5.0M$5.0M
100c
Mar 1, 2028
Technology Samba TV Inc
Software
term loan lien unstated$5.0M$5.0M
100c
Dec 1, 2030
Life Science Ceribell Inc Medical Deviceterm loan lien unstated$5.0M$5.0M
100c
Mar 1, 2029
Healthcare Elligo Health Research Inc
Software
term loan lien unstated$5.0M$5.0M
100c
Oct 1, 2027
Healthcare Elligo Health Research Inc
Software
term loan lien unstated$5.0M$5.0M
100c
Oct 1, 2027
Healthcare Elligo Health Research Inc
Software
term loan lien unstated$5.0M$5.0M
100c
Oct 1, 2027
Life Science Onkos Surgical Inc Medical Deviceterm loan lien unstated$5.0M$5.0M
100c
Mar 1, 2030
Life Science Onkos Surgical Inc Medical Deviceterm loan lien unstated$5.0M$5.0M
100c
Mar 1, 2030
Technology Hive MQ Inc
Software
term loan lien unstated$5.0M$5.0M
100c
Jul 1, 2031
Technology Hive MQ Inc
Software
term loan lien unstated$5.0M$5.0M
100c
Jul 1, 2031
Technology Hive MQ Inc
Software
term loan lien unstated$5.0M$5.0M
100c
Jul 1, 2031
Technology Hive MQ Inc
Software
term loan lien unstated$5.0M$5.0M
100c
Jul 1, 2031
Life Science Spineology Inc Medical Deviceterm loan lien unstated$5.0M$4.9M
100c
Aug 1, 2029
Life Science Infobionic Inc Medical Deviceterm loan lien unstated$5.0M$4.9M
100c
Sep 1, 2029
Life Science Infobionic Inc Medical Deviceterm loan lien unstated$5.0M$4.9M
100c
Sep 1, 2029
Life Science Infobionic Inc Medical Deviceterm loan lien unstated$5.0M$4.9M
100c
Sep 1, 2029
Life Science Ossio Inc Medical Deviceterm loan lien unstated$5.0M$4.9M
100c
Jan 20, 2031
Life Science Ossio Inc Medical Deviceterm loan lien unstated$5.0M$4.9M
100c
Jan 20, 2031
Technology Crafty Holdings Inc
Software
term loan lien unstated$5.0M$4.9M
100c
Jan 1, 2029
Technology Crafty Holdings Inc
Software
term loan lien unstated$5.0M$4.9M
100c
Jan 1, 2029
Technology Crafty Holdings Inc
Software
term loan lien unstated$5.0M$4.9M
100c
Jan 1, 2029
Technology Stellar Cyber Inc
Software
term loan lien unstated$5.0M$4.9M
100c
Apr 1, 2030
Technology Stellar Cyber Inc
Software
term loan lien unstated$5.0M$4.9M
100c
Apr 1, 2030
Sustainability Phigenics Holdings Inc Other Sustainabilityterm loan lien unstated$5.0M$4.9M
100c
Jun 18, 2032
Life Science Scientia Vascular Inc Medical Deviceterm loan lien unstated$5.0M$4.9M
100c
Oct 1, 2030
Life Science Avive Solutions Inc Medical Deviceterm loan lien unstated$5.0M$4.9M
100c
Apr 1, 2031
Life Science Avive Solutions Inc Medical Deviceterm loan lien unstated$5.0M$4.9M
100c
Apr 1, 2031
Technology Apkudo Inc
Software
term loan lien unstated$5.0M$4.9M
100c
Oct 1, 2029
Technology Apkudo Inc
Software
term loan lien unstated$5.0M$4.9M
100c
Oct 1, 2029
Life Science Hyperfine Inc Medical Deviceterm loan lien unstated$5.0M$4.9M
100c
Mar 18, 2031
Life Science Hyperfine Inc Medical Deviceterm loan lien unstated$5.0M$4.9M
100c
Mar 18, 2031
Life Science Pelthos Therapeutics Inc
Biotechnology
term loan lien unstated$5.0M$4.9M
100c
Jan 31, 2031
Life Science Pelthos Therapeutics Inc
Biotechnology
term loan lien unstated$5.0M$4.9M
100c
Jan 31, 2031
Life Science Ceribell Inc Medical Deviceterm loan lien unstated$4.0M$4.9M
100c
Mar 1, 2029
Technology Stellar Cyber Inc
Software
term loan lien unstated$5.0M$4.8M
100c
Apr 1, 2030
Technology Hive MQ Inc
Software
term loan lien unstated$5.0M$4.8M
100c
Jul 1, 2031
Healthcare Bright Insight Inc
Software
term loan lien unstated$6.4M$4.8M
75c
Aug 1, 2027
Technology Dropoff Inc
Software
term loan lien unstated$8.1M$4.8M
176c
Jun 30, 2028
Life Science Hyperfine Inc Medical Deviceterm loan lien unstated$5.0M$4.6M
100c
Mar 18, 2031
Technology Supply Network Visibility Holdings LLC
Software
term loan lien unstated$5.0M$4.6M
91c
Jul 1, 2029
Life Science Spineology Inc Medical Deviceterm loan lien unstated$4.3M$4.2M
100c
Aug 1, 2029
Life Science Spineology Inc Medical Deviceterm loan lien unstated$4.3M$4.2M
100c
Aug 1, 2029
Healthcare Bright Insight Inc
Software
term loan lien unstated$5.5M$4.1M
141c
Aug 1, 2027
Technology Volt Bidco Inc
Software
term loan lien unstated$4.0M$4.0M
102c
Apr 30, 2032
Life Science Ceribell Inc Medical Deviceterm loan lien unstated$5.0M$4.0M
100c
Mar 1, 2029
NonaffiliateEquityMemberunstated lien unstatedn/a$3.9M
49c
NoncontrolledAffiliateEquityMemberunstated lien unstatedn/a$3.8M
11c
Hound Labs IILLC
Diagnostics
preferred equity equityn/a$3.8M
80c
Technology Mirantis Inc
Software
term loan lien unstated$3.8M$3.7M
100c
Oct 1, 2028
Technology Mirantis Inc
Software
term loan lien unstated$3.8M$3.7M
100c
Oct 1, 2028
Technology Mirantis Inc
Software
term loan lien unstated$3.8M$3.7M
100c
Oct 1, 2028
Technology Mirantis Inc
Software
term loan lien unstated$3.8M$3.7M
100c
Oct 1, 2028
Life Science MMLUS Inc Medical Deviceterm loan lien unstated$3.8M$3.7M
100c
Mar 1, 2030
Life Science Mobia Medical Inc Medical Deviceterm loan lien unstated$3.8M$3.7M
100c
Jan 1, 2029
Healthcare GT Medical Technologies Inc Other
Healthcare Services
term loan lien unstated$3.8M$3.7M
100c
Oct 1, 2029
Page 1 of 3Next
Registration
Fiscal year end
1231reported
Incorporated
DEreported
On the SEC BDC report
2012 to 2026reported
Filings listed
19reported10-Q and 10-K since 2022
Latest schedule
0001437749-26-025689reported