RWAY
Runway Growth Finance
Portfolio Fair Value
$927.35M
113 holdings
Avg Spread
+6.44%
FV-weighted, debt
Avg Coupon
8.38%
FV-weighted
% First Lien
92.1%
of debt FV
Unrealized P/L
-$52.05M
-5.31% of cost
Non-Accrual
0
text-detected
Balance sheet
Assets$960.11M
Liabilities + Equity$960.11M
First Lien
$853.94M · 88.9%
First Lien
$853.94M · 88.9%
Second Lien
$6.43M · 0.7%
Equity
$67.02M · 7.0%
Cash & Equivalents
$18.18M · 1.9%
Other Assets
$14.54M · 1.5%
Debt (Borrowings)
$435.34M · 45.3%
Debt (Borrowings)
$435.34M · 45.3%
Other Liabilities
$39.81M · 4.1%
Net Assets (Equity)
$484.97M · 50.5%
Net Assets (Equity)
$484.97M · 50.5%
Industry Composition
Application Software
24.4%
Health Care Equipment & Services
13.3%
Commercial & Professional Services
12.4%
Systems Software
10.5%
Financial Services
9.0%
Technology Hardware & Equipment
7.9%
Consumer Staples Distribution & Retail
5.2%
Insurance
4.8%
Household & Personal Products
4.3%
Media & Entertainment
3.3%
Multi-Sector Holdings
2.5%
Consumer Services
2.1%
Other industries
0.2%
Spread Distribution
3.0%
3.5%
4.5%
5.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
113 of 116
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
3PL Central LLC (dba Extensiv) | Systems Software | Senior Secured | $69.48M | $75.85M | -$6.38M | — | +7.00% | — |
Airship Group, Inc. | Application Software | Senior Secured | $51.25M | $50.58M | $675.0K | — | +3.75% | — |
Piano Software, Inc. | Application Software | Senior Secured | $43.03M | $42.17M | $864.0K | — | +7.25% | — |
EBR Systems, Inc. | Health Care Equipment & Services | Senior Secured | $41.26M | $40.68M | $576.0K | — | +4.90% | — |
Brivo, Inc. | Technology Hardware & Equipment | Senior Secured | $41.12M | $39.91M | $1.21M | — | — | — |
Zinnia Corporate Holdings, LLC | Application Software | Senior Secured | $40.18M | $39.36M | $818.0K | — | +6.00% | — |
Madison Reed, Inc. | Household & Personal Products | Senior Secured | $39.33M | $39.33M | $5.0K | — | +5.00% | — |
Elevate Services, Inc. | Commercial & Professional Services | Senior Secured | $39.20M | $38.29M | $904.0K | — | +7.50% | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $36.10M | $46.46M | -$10.35M | — | +8.75% | — |
VTX Intermediate Holdings, Inc. (dba VertexOne) | Application Software | Senior Secured | $34.96M | $35.24M | -$277.0K | — | +7.00% | — |
Route 92 Medical, Inc. | Health Care Equipment & Services | Senior Secured | $34.68M | $34.44M | $243.0K | — | +7.00% | — |
Bombora, Inc. | Commercial & Professional Services | Senior Secured | $31.58M | $31.43M | $155.0K | — | +4.75% | — |
Hurricane Cleanco Limited | Financial Services | Senior Secured | $30.89M | $28.52M | $2.37M | 6.25% | — | — |
Linxup, LLC | Technology Hardware & Equipment | Senior Secured | $30.77M | $30.05M | $715.0K | — | +3.25% | — |
Autobooks, Inc. | Financial Services | Senior Secured | $29.71M | $29.12M | $584.0K | — | +7.50% | — |
Kin Insurance, Inc. | Insurance | Senior Secured | $29.32M | $29.31M | $10.0K | — | +5.00% | — |
JobGet Holdings, Inc. (fka Snagajob.com, Inc.) | Commercial & Professional Services | Equity Series C-1 Preferred Stock | $26.11M | $39.27M | -$13.16M | — | — | — |
Blueshift Labs, Inc. | Application Software | Senior Secured | $23.43M | $28.50M | -$5.07M | — | +8.25% | — |
Vesta Payment Solutions, Inc. | Financial Services | Senior Secured | $21.96M | $25.98M | -$4.02M | — | +7.00% | — |
FINN GmbH | Consumer Services | Senior Secured | $19.16M | $19.12M | $42.0K | — | +8.75% | — |
CarNow, Inc. | Application Software | Senior Secured | $18.83M | $18.25M | $573.0K | — | +7.25% | — |
Circadence Corporation | Systems Software | Senior Secured | $18.37M | $22.10M | -$3.73M | — | +9.50% | — |
Snap! Mobile, Inc. | Media & Entertainment | Senior Secured | $17.86M | $17.77M | $95.0K | — | +7.50% | — |
Onward Medical, N.V. | Health Care Equipment & Services | Senior Secured | $17.16M | $16.89M | $276.0K | — | +6.50% | — |
Moximed, Inc. | Health Care Equipment & Services | Senior Secured | $15.60M | $15.24M | $360.0K | — | +5.25% | — |
Kin Insurance, Inc. | Insurance | Senior Secured | $14.58M | $14.58M | $0.00 | — | +5.00% | — |
Runway-Cadma I LLC | Multi-Sector Holdings | Equity 50% Equity Interest | $13.25M | $12.28M | $970.0K | — | — | — |
Skillshare, Inc. | Media & Entertainment | Senior Secured | $11.64M | $11.63M | $5.0K | — | +6.75% | — |
SPB C-2024, LLC | Multi-Sector Holdings | Senior Secured | $9.97M | $9.96M | $4.0K | 15.00% | — | — |
CareCloud, Inc. | Health Care Equipment & Services | Equity 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock | $9.67M | $12.13M | -$2.46M | — | — | — |
Digicert, Inc. | Systems Software | Senior Secured | $9.34M | $9.17M | $166.0K | — | +5.75% | — |
Swing Education, Inc. | Commercial & Professional Services | Senior Secured | $7.79M | $7.91M | -$119.0K | — | +7.00% | — |
Shepherd Intermediate, LLC (dba FHAS) | Commercial & Professional Services | Senior Secured | $6.57M | $6.41M | $155.0K | — | +7.25% | — |
VTX Intermediate Holdings, Inc. (dba VertexOne) | Application Software | Second Lien | $6.43M | $6.40M | $36.0K | — | — | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $5.31M | $6.80M | -$1.50M | — | +8.75% | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $3.71M | $4.76M | -$1.04M | — | +8.75% | — |
CarNow, Inc. | Application Software | Warrant Common Stock | $2.76M | $2.40M | $362.0K | — | — | — |
Mingle Healthcare Solutions, Inc. | Health Care Equipment & Services | Senior Secured | $2.36M | $4.76M | -$2.40M | — | +9.75% | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $2.33M | $2.99M | -$656.0K | — | +8.75% | — |
Shield Therapeutics PLC | Pharmaceuticals, Biotechnology & Life Sciences | Senior Secured | $1.93M | $1.95M | -$18.0K | — | +9.25% | — |
Blueshift Labs, Inc. | Application Software | Senior Secured | $1.82M | $1.38M | $441.0K | — | +8.25% | — |
Pivot3, Inc. | Commercial & Professional Services | Equity 100% Equity Interest | $1.49M | $950.0K | $543.0K | — | — | — |
Aria Systems, Inc. | Application Software | Warrants Series G Preferred Stock | $1.22M | $1.05M | $175.0K | — | — | — |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series B Preferred Stock | $1.20M | $218.0K | $978.0K | — | — | — |
Blueshift Labs, Inc. | Application Software | Senior Secured | $967.0K | $550.0K | $417.0K | — | +8.25% | — |
Kin Insurance, Inc. | Insurance | Warrants Series D-3 Preferred Stock | $759.0K | $426.0K | $333.0K | — | — | — |
Autobooks, Inc. | Financial Services | Warrants Success Fee | $698.0K | $489.0K | $209.0K | — | — | — |
FINN GmbH | Consumer Services | Warrants Series C2 Preferred Stock | $690.0K | $691.0K | -$1.0K | — | — | — |
Route 92 Medical, Inc. | Health Care Equipment & Services | Warrants Success fee | $666.0K | $833.0K | -$167.0K | — | — | — |
EBR Systems, Inc. | Health Care Equipment & Services | Warrants Success fee | $561.0K | $605.0K | -$44.0K | — | — | — |
Elevate Services, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $555.0K | $377.0K | $178.0K | — | — | — |
Credit Sesame, Inc. | Financial Services | Warrants Common Stock | $535.0K | $425.0K | $110.0K | — | — | — |
Piano Software, Inc. | Application Software | Warrant Series D Preferred Stock | $490.0K | $348.0K | $142.0K | — | — | — |
Airship Group, Inc. | Application Software | Warrants Series F Preferred Stock | $474.0K | $414.0K | $60.0K | — | — | — |
Circadence Corporation | Systems Software | Warrants Success fee | $454.0K | $304.0K | $150.0K | — | — | — |
Madison Reed, Inc. | Household & Personal Products | Warrants Success fee | $446.0K | $404.0K | $42.0K | — | — | — |
Elevate Services, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $404.0K | $447.0K | -$43.0K | — | — | — |
Brivo, Inc. | Technology Hardware & Equipment | Warrants Series A-2 Preferred Stock | $403.0K | $98.0K | $305.0K | — | — | — |
Onward Medical, N.V. | Health Care Equipment & Services | Warrants Common Stock | $361.0K | $340.0K | $21.0K | — | — | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $339.0K | $434.0K | -$95.0K | — | +8.75% | — |
Skillshare, Inc. | Media & Entertainment | Warrants Success fee | $319.0K | $337.0K | -$18.0K | — | — | — |
Aria Systems, Inc. | Application Software | Equity Series G Preferred Stock | $315.0K | $250.0K | $65.0K | — | — | — |
INRIX, Inc. | Application Software | Warrant Common Stock | $309.0K | $522.0K | -$213.0K | — | — | — |
Snap! Mobile, Inc. | Media & Entertainment | Warrants Series B Preferred Stock | $306.0K | $345.0K | -$39.0K | — | — | — |
Nalu Medical, Inc. | Health Care Equipment & Services | Warrants Series D-2 Preferred Stock | $262.0K | $173.0K | $89.0K | — | — | — |
Linxup, LLC | Technology Hardware & Equipment | Warrants Success fee | $243.0K | $253.0K | -$10.0K | — | — | — |
SetPoint Medical Corporation | Health Care Equipment & Services | Warrants Series B Preferred Stock | $234.0K | $74.0K | $160.0K | — | — | — |
Blueshift Labs, Inc. | Application Software | Warrants Success fee | $195.0K | $167.0K | $28.0K | — | — | — |
Synack, Inc. | Systems Software | Warrants Common Stock | $181.0K | $168.0K | $13.0K | — | — | — |
Kin Insurance, Inc. | Insurance | Warrants Series E Preferred Stock | $175.0K | $546.0K | -$371.0K | — | — | — |
SetPoint Medical Corporation | Health Care Equipment & Services | Warrants Series B Preferred Stock | $156.0K | $14.0K | $142.0K | — | — | — |
Minute Media Inc. | Media & Entertainment | Equity Preferred Stock | $152.0K | $120.0K | $32.0K | — | — | — |
Dejero Labs Inc. | Technology Hardware & Equipment | Warrants Common Stock | $124.0K | $192.0K | -$68.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $118.0K | $89.0K | $29.0K | — | — | — |
Bombora, Inc. | Commercial & Professional Services | Warrants Common Stock | $114.0K | $174.0K | -$60.0K | — | — | — |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series D Preferred Stock | $109.0K | $176.0K | -$67.0K | — | — | — |
Betterment Holdings, Inc. | Financial Services | Warrants Common Stock | $64.0K | $40.0K | $24.0K | — | — | — |
Brivo, Inc. | Technology Hardware & Equipment | Warrants Series A-2 Preferred Stock | $64.0K | $43.0K | $21.0K | — | — | — |
Shield Therapeutics PLC | Pharmaceuticals, Biotechnology & Life Sciences | Warrants Common Stock | $62.0K | $63.0K | -$1.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $57.0K | $250.0K | -$193.0K | — | — | — |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series D Preferred Stock | $56.0K | $52.0K | $4.0K | — | — | — |
Bombora, Inc. | Commercial & Professional Services | Warrants Common Stock | $54.0K | $51.0K | $3.0K | — | — | — |
Moximed, Inc. | Health Care Equipment & Services | Warrants Series C Preferred Stock | $29.0K | $175.0K | -$146.0K | — | — | — |
FiscalNote, Inc. | Commercial & Professional Services | Equity Common Stock | $28.0K | $438.0K | -$410.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $24.0K | $16.0K | $8.0K | — | — | — |
Minute Media Inc. | Media & Entertainment | Equity Common Stock | $18.0K | $16.0K | $2.0K | — | — | — |
VTX Holdings, LLC | Application Software | Equity Series C Preferred Units | $16.0K | $143.0K | -$127.0K | — | — | — |
Swing Education, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $15.0K | $19.0K | -$4.0K | — | — | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Equity Common Stock | $14.0K | $410.0K | -$396.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Common Stock | $1.0K | $47.0K | -$46.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Common Stock | $1.0K | $131.0K | -$130.0K | — | — | — |
3DNA Corp. (dba NationBuilder) | Application Software | Warrants Series C-1 Preferred Stock | $0.00 | $104.0K | -$104.0K | — | — | — |
AllClear ID, Inc. | Commercial & Professional Services | Warrants Common Stock | $0.00 | $1.75M | -$1.75M | — | — | — |
Allurion Technologies, Inc. | Health Care Equipment & Services | Warrants Common Stock | $0.00 | $282.0K | -$282.0K | — | — | — |
Allurion Technologies, Inc. | Health Care Equipment & Services | Warrants Common Stock | $0.00 | $141.0K | -$141.0K | — | — | — |
Allurion Technologies, Inc. | Health Care Equipment & Services | Warrants Common Stock | $0.00 | $144.0K | -$144.0K | — | — | — |
Circadence Corporation | Systems Software | Warrants Series A-6 Preferred Stock | $0.00 | $3.63M | -$3.63M | — | — | — |
Circadence Corporation | Systems Software | Warrants Series A-6 Preferred Stock | $0.00 | $846.0K | -$846.0K | — | — | — |
Coginiti Corp, | Application Software | Equity Common Stock | $0.00 | $4.55M | -$4.55M | — | — | — |
FiscalNote, Inc. | Commercial & Professional Services | Warrants Earnout | $0.00 | $127.0K | -$127.0K | — | — | — |
JWP Holdco LLC (fka Longtail Ad Solutions, Inc.) | Application Software | Warrant Common Units | $0.00 | $47.0K | -$47.0K | — | — | — |
JobGet Holdings, Inc. (fka Snagajob.com, Inc.) | Commercial & Professional Services | Warrants Series B-1 Preferred Stock | $0.00 | $343.0K | -$343.0K | — | — | — |
Mingle Healthcare Solutions, Inc. | Health Care Equipment & Services | Warrants Series CC Preferred Stock | $0.00 | $492.0K | -$492.0K | — | — | — |
Mustang Bio, Inc. | Pharmaceuticals, Biotechnology & Life Sciences | Warrants Common Stock | $0.00 | $315.0K | -$315.0K | — | — | — |
Predactiv, Inc. (fka Sharethis, Inc.) | Application Software | Warrants Series D-3 Preferred Stock | $0.00 | $2.16M | -$2.16M | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Common Stock | $0.00 | $9.0K | -$9.0K | — | — | — |
Scale Computing, Inc. | Systems Software | Warrants Common Stock | $0.00 | $346.0K | -$346.0K | — | — | — |
Coginiti Corp | Application Software | Warrants Common Stock | — | — | — | — | — | — |
Digicert, Inc. (Revolver) | Systems Software | Senior Secured | — | -$9.0K | — | — | +5.75% | — |
Gynesonics, Inc. | — | Senior Secured | — | — | — | — | +8.75% | — |
JobGet Holdings, Inc. (fka Snagajob.com, Inc.) | Commercial & Professional Services | Equity Series C-2 Preferred Stock | — | — | — | — | — | — |
Shepherd Intermediate, LLC (dba FHAS) (Revolver) | Commercial & Professional Services | Senior Secured | — | -$6.0K | — | — | +7.25% | — |
Swing Education, Inc. (Revolver) | Commercial & Professional Services | Senior Secured | — | -$166.0K | — | — | +6.65% | — |
Disclosed holdings FV
$927.40M
Parsed holdings FV
$927.35M
Residual gap
$56.0K
Balance-sheet cash
$18.18M
CIK
0001653384
Accession
0001193125-26-104117
Form type
10-K
Period
2025-12-31