Runway Growth Finance Corp.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- David R. Spreng
- Full Time Employees
- 500
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- Address
- 2925 Woodside Road Woodside CA United States of America 94062
- IPO Date
- Oct 21, 2021
- CIK
- 0001653384
- Website
- investors.runwaygrowth.com
- Similar Companies
- Business
- Runway Growth Finance Corp. (Nasdaq: RWAY) is a specialty finance company and business development company that provides senior secured loans, second lien loans, warrants and other equity securities to high-growth potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products, and other high-growth sectors including financial services; its investment portfolio, valued at approximately $1.1 billion as of September 30, 2024, comprises primarily first-lien senior term loans with a dollar-weighted annualized yield of around 15% and targets late-stage and growth companies with committed principal amounts typically between $6 million and $85 million at interest rates of 8% to 14.8%; the company operates predominantly in the United States with additional investments in Germany, the UK, Canada and the Netherlands, and maintains strong liquidity of about $372 million alongside a net asset value per share of $13.55 as of late 2025. Founded in 2016 and headquartered in Chicago, Illinois, Runway Growth Finance Corp. is externally managed by Runway Growth Capital LLC, which was acquired in January 2025 by private investment funds advised by BC Partners Credit with a minority investment from Mount Logan Capital Inc., enhancing its origination capabilities in venture debt ranging from $30 million to $150 million and expanding offerings into structured equity, asset-based lending and equipment leasing. Recent developments include the formation of a $70 million joint venture, Runway-Cadma I LLC, with Cadma Capital Partners LLC in March 2024 to co-invest in secured loans; a definitive merger agreement announced in late 2025 to acquire SWK Holdings Corp. (Nasdaq: SWKH), a life-sciences specialty finance firm, for approximately $230 million in cash and stock to boost healthcare exposure to 31% of the portfolio and deliver mid-single-digit net investment income accretion; key 2025 deployments such as a $40 million senior secured term loan to Autobooks for financial technology expansion, a $20 million growth loan to Swing Education, and financings to DigiCert, FHAS, Kin, Madison Reed and Skillshare; share repurchases of nearly 398,000 shares for $4.4 million; and recognition on Inc. Magazine's 2025 Founder-Friendly Investors list for the third year, underscoring its minimally dilutive financing approach with over $3 billion in total loan commitments since inception across more than 80 businesses.
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