Runway Growth Finance Corp. - 7
RWAYL
NASDAQ Global Select25.15
USD
-0.07
- -
Runway Growth Finance Corp. - 7
RWAYL
(NASDAQ Global Select)
Recent
price
25.15
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Runway Growth Finance Corp. (Nasdaq: RWAY; RWAYL) is a specialty finance company and business development company that provides senior secured loans, term loans, second lien loans, warrants and other equity securities to high-growth potential companies in technology, life sciences, healthcare information and services, business services, financial services, select consumer services and products, and other high-growth sectors; its investment objective centers on maximizing total return to stockholders primarily through current income from its loan portfolio and secondarily through capital appreciation on equity positions, with a portfolio that as of late 2025 includes approximately 48 debt investments and 89 equity investments across late- and growth-stage borrowers featuring dollar-weighted annualized yields of around 15-16% on debt investments. Founded in 2015 and headquartered in Chicago, Illinois, the company operates principally in the United States through sponsored growth lending and non-sponsored growth lending strategies, targeting venture-backed and non-venture-backed firms with committed loan principal amounts typically ranging from $6 million to $85 million at annual cash interest rates of 8% to 15%; it is externally managed by Runway Growth Capital LLC, which maintains offices in Chicago and other U.S. locations. In a major strategic development completed in January 2025, Runway Growth Capital was acquired by BC Partners Credit--the $8 billion credit arm of BC Partners--and Mount Logan Capital in a transaction announced in October 2024 that expands origination channels, introduces structured equity preferred investments, asset-based lending, equipment leasing and enhanced fund finance offerings while enabling larger deal sizes in the $30 million to $150 million range; this combination leverages BC Partners' scale and sponsor relationships to broaden Runway's financing solutions for high-growth companies without altering its role as investment adviser to Runway Growth Finance under the existing advisory agreement terms. Recent portfolio activity reflects ongoing deployment and repayments, including Q2 2025 completions of three investments totaling $37.8 million in new portfolio companies such as Autobooks ($27 million) and Swing Education ($8 million) alongside a $2.8 million addition to existing borrower Marley Spoon SE, full principal repayment of $25 million from SetPoint Medical, and Q3 2025 funding of 11 investments representing $128.3 million such as new $10 million commitments to Federal Hearings and Appeals Services and DigiCert Inc.; the company also initiated a $25 million stock repurchase program, completed a $107 million private placement of senior notes, and declared regular quarterly dividends of $0.33 per share plus a $0.02 supplemental dividend for Q2 2025 amid total investment income of $35.4 million and net investment income of $15.6 million for Q1 2025.