Runway Growth Finance Corp. is a Maryland Corporation founded in August 2015.
Yes – Runway Growth Finance Corp. is a Business Development Company (“BDC”).
A Business Development Company (“BDC”) is a closed-end investment company that invests primarily in small and mid-sized private businesses. This form of company was created by Congress in 1980 as amendments to the Investment Company Act of 1940.
Runway Growth Finance Corp. focuses on providing structured credit solutions to late- and growth-stage companies, serving as a key capital partner within the venture ecosystem. While senior secured term loans remain the core of our strategy, we also selectively provide asset-based loans, equipment financings, revolving credit facilities, and other tailored capital solutions designed to support growth and operational flexibility.
Our portfolio companies are often backed by established venture capital and private equity sponsors, though we also pursue select non-sponsored opportunities. We seek to generate current income through disciplined underwriting, with potential for capital appreciation through equity interests received in connection with certain investments.
Venture Debt refers to non-convertible secured loans (which typically include warrants) to pre-profit, VC/PE-backed companies. These companies are often not yet profitable and do not yet qualify for asset-backed or cash flow loans. Proceeds of the loan are invested to scale the business, in hopes of increasing top-line revenues rather than achieving immediate cash flow positivity.
Runway Growth Finance Corp. operates squarely in the late-stage/growth debt market, in which the borrower is more mature than an early-stage company. Typically, these companies have a proven business model, many years of operating history and revenue, and a path toward consistent profitability.
Runway Growth Finance Corp. lends primarily to businesses in the Technology, Life Sciences, and Select Other Industries, which include consumer products and services and business services. We will consider many different types of late/growth stage businesses that are asset-light, mission critical, and have steady recurring revenue.
The net asset value per share may be obtained in our public filings (Forms 10-Q and 10-K) with the Securities and Exchange Commission via its website (www.sec.gov) or through our Investor Relations home page.
Our fiscal year ends of December 31 each year.
Runway Growth Finance Corp. intends to pay a dividend to shareholders of record on a quarterly basis, though there is no guarantee that we will generate sufficient income to pay a dividend, and any dividend distributions are subject to approval by our Board of Directors.
Yes. We have a dividend reinvestment plan for our shareholders, which is an “opt out” dividend reinvestment plan. Under this plan, if we declare a cash dividend, our shareholders who have not elected to “opt out” of our dividend reinvestment plan will have their cash distribution automatically reinvested in additional shares of our common stock, rather than receiving the cash dividends. In order to receive cash dividends, investors must opt out of the dividend reinvestment program with paperwork from the stock agent, Equiniti Trust Company. See below for contact information for Equiniti.
You will receive a Form 1099 by January 31st of the following year.
No. Our distribution is generally not a 'qualified distribution' for tax purposes. As a regulated investment company, Runway Growth Finance Corp. generally does not pay income taxes on its earnings at the Corporate level but passes its income through to shareholders. A portion of our distribution is therefore usually taxable to shareholders at their ordinary income tax rates and a portion may qualify for the long-term capital gains tax rates.
Equiniti Trust Company, LLC
PO Box 500
Newark, NJ 07101
US Phone: (800) 937-5449
Int’l Phone: (718) 921-8124
Change to: HelpAST@equiniti.com
You may contact Equiniti Trust Company, LLC at HelpAST@equiniti.com or US Phone: (800) 937-5449 or Int’l Phone: (718) 921-8124 .