Runway Growth Capital will continue to operate independently and serve as the external investment adviser to Runway Growth Finance (Nasdaq: RWAY) with the current leadership and investment teams remaining in place. The transaction is positioned to expand origination channels, enhance investment solutions, and accelerate capital formation and fundraising capabilities as Runway Growth seeks to strengthen the venture ecosystem.
Runway Growth Finance Corp. is a growing specialty finance company focused on providing flexible capital solutions to late-stage and growth companies seeking an alternative to raising equity. Our mission is to support passionate entrepreneurs in building innovative businesses. The company lends capital to companies looking to fund growth with minimal dilution – in turn, Runway Growth Finance seeks to produce favorable risk-adjusted returns for its shareholders. Runway Growth Finance is a closed-end investment fund that is regulated as a business development company under the Investment Company Act of 1940. Runway Growth Finance is externally managed by Runway Growth Capital LLC, an established registered investment advisor that was formed in 2015 and led by industry veteran David Spreng.