Daily News: August 27, 2012

Horizon Technology Hires Two New Managing Directors


Horizon Technology Finance, a specialty finance company, said its advisor, Horizon Technology Finance Management has hired Todd McDonald and Mike Lederman as managing directors for the Mid-Atlantic and West coast technology and clean technology markets, respectively.

Additionally, HTF said it has opened a new office in Reston, VA, expanding its geographic reach to the Mid-Atlantic region.

McDonald has approximately 20 years of business development experience in the financial services industry. As managing director, 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, 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, CA.

Lederman most recently was senior vice president and regional market manager, Technology Banking division, at Bridge Bank where he was responsible for new business development in the San Francisco area.

Farmington, CT-based Horizon Technology Finance is a business development company that provides secured loans to development-stage companies backed by established venture capital and private equity firms within the technology, life science, healthcare information and services, and clean-tech industries.