RWAY
Runway Growth Finance
Portfolio Fair Value
$945.90M
108 holdings
Avg Spread
+6.44%
FV-weighted, debt
Avg Coupon
6.25%
FV-weighted
% First Lien
90.7%
of debt FV
Unrealized P/L
-$48.24M
-4.85% of cost
Non-Accrual
0
text-detected
Balance sheet
Assets$963.35M
Liabilities + Equity$963.35M
First Lien
$857.69M · 89.0%
First Lien
$857.69M · 89.0%
Second Lien
$21.18M · 2.2%
Equity
$67.10M · 7.0%
Cash & Equivalents
$7.92M · 0.8%
Other Assets
$9.46M · 1.0%
Debt (Borrowings)
$443.51M · 46.0%
Debt (Borrowings)
$443.51M · 46.0%
Other Liabilities
$30.31M · 3.1%
Net Assets (Equity)
$489.53M · 50.8%
Net Assets (Equity)
$489.53M · 50.8%
Industry Composition
Application Software
23.8%
Systems Software
15.3%
Health Care Equipment & Services
12.9%
Commercial & Professional Services
12.3%
Technology Hardware & Equipment
9.3%
Financial Services
8.6%
Insurance
4.8%
Consumer Staples Distribution & Retail
4.2%
Household & Personal Products
4.2%
Media & Entertainment
3.3%
Multi-Sector Holdings
1.4%
Unclassified
0.0%
Other industries
0.0%
Spread Distribution
3.0%
3.5%
4.5%
5.0%
5.5%
6.5%
7.0%
7.5%
8.0%
8.5%
9.5%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
108 of 111
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
3PL Central LLC (dba Extensiv) | Systems Software | Senior Secured | $70.27M | $75.42M | -$5.16M | — | +7.00% | 2026-03-31 |
Airship Group, Inc. | Application Software | Senior Secured | $50.63M | $50.05M | $583.0K | — | +3.75% | 2028-06-15 |
Synack, Inc. | Systems Software | Senior Secured | $45.07M | $44.89M | $187.0K | — | +7.00% | 2028-12-29 |
Kin Insurance, Inc. | Insurance | Senior Secured | $43.79M | $43.78M | $4.0K | — | +5.00% | 2029-08-13 |
Piano Software, Inc. | Application Software | Senior Secured | $42.86M | $42.13M | $738.0K | — | +7.25% | 2029-12-31 |
EBR Systems, Inc. | Health Care Equipment & Services | Senior Secured | $41.01M | $40.51M | $502.0K | — | +4.90% | 2027-06-15 |
Brivo, Inc. | Technology Hardware & Equipment | Senior Secured | $41.00M | $39.86M | $1.15M | — | +7.25% | 2029-12-15 |
Zinnia Corporate Holdings, LLC | Application Software | Senior Secured | $40.02M | $39.33M | $694.0K | — | +5.50% | 2029-09-21 |
Madison Reed, Inc. | Household & Personal Products | Senior Secured | $39.23M | $39.23M | $4.0K | — | +5.00% | 2029-08-29 |
Elevate Services, Inc. | Commercial & Professional Services | Senior Secured | $39.20M | $38.23M | $964.0K | — | +7.50% | 2027-07-10 |
VTX Intermediate Holdings, Inc. (dba VertexOne) | Application Software | Senior Secured | $34.90M | $35.09M | -$198.0K | — | +7.00% | 2029-09-24 |
Route 92 Medical, Inc. | Health Care Equipment & Services | Senior Secured | $34.75M | $34.32M | $429.0K | — | +7.00% | 2029-03-31 |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $34.47M | $44.01M | -$9.54M | — | +8.75% | 2027-06-15 |
Bombora, Inc. | Commercial & Professional Services | Senior Secured | $30.80M | $30.65M | $150.0K | — | +4.75% | 2028-01-15 |
Linxup, LLC | Technology Hardware & Equipment | Senior Secured | $30.66M | $29.98M | $672.0K | — | +3.25% | 2027-11-15 |
Hurricane Cleanco Limited | Financial Services | Senior Secured | $30.35M | $28.05M | $2.30M | 6.25% | — | 2029-11-22 |
Autobooks, Inc. | Financial Services | Senior Secured | $28.02M | $28.01M | $9.0K | — | +7.50% | 2028-02-05 |
JobGet Holdings, Inc. (fka Snagajob.com, Inc.) | Commercial & Professional Services | Equity Series C-1 Preferred Stock | $27.20M | $39.27M | -$12.07M | — | — | — |
Blueshift Labs, Inc. | Application Software | Senior Secured | $23.27M | $27.53M | -$4.26M | — | +8.25% | 2028-12-15 |
Vesta Payment Solutions, Inc. | Financial Services | Senior Secured | $22.15M | $25.85M | -$3.70M | — | +7.00% | 2026-11-15 |
Circadence Corporation | Systems Software | Senior Secured | $19.36M | $23.35M | -$3.99M | — | +9.50% | 2025-12-15 |
CarNow, Inc. | Application Software | Senior Secured | $18.80M | $18.14M | $669.0K | — | +7.25% | 2029-03-22 |
Synack, Inc. | Media & Entertainment | Senior Secured | $17.72M | $17.70M | $25.0K | — | +7.50% | 2028-09-30 |
Onward Medical, N.V. | Health Care Equipment & Services | Senior Secured | $17.08M | $16.83M | $247.0K | — | +6.50% | 2028-06-15 |
Moximed, Inc. | Health Care Equipment & Services | Senior Secured | $15.43M | $15.20M | $229.0K | — | +5.25% | 2027-07-01 |
Dejero Labs Inc. | Technology Hardware & Equipment | Second Lien | $14.97M | $15.04M | -$69.0K | — | +8.00% | 2025-12-22 |
Runway-Cadma I LLC | Multi-Sector Holdings | Equity 50% Equity Interest | $12.86M | $12.28M | $572.0K | — | — | — |
Skillshare, Inc. | Media & Entertainment | Senior Secured | $12.46M | $12.46M | $4.0K | — | +6.75% | 2029-02-08 |
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 | $9.36M | $9.19M | $171.0K | — | +5.75% | 2030-07-30 |
Swing Education, Inc. | Commercial & Professional Services | Senior Secured | $7.89M | $7.89M | $1.0K | — | +7.00% | 2029-06-15 |
Shepherd Intermediate, LLC (dba FHAS) | Commercial & Professional Services | Senior Secured | $7.39M | $7.38M | $15.0K | — | +7.25% | 2030-07-10 |
VTX Intermediate Holdings, Inc. (dba VertexOne) | Application Software | Second Lien | $6.21M | $6.18M | $25.0K | — | — | 2029-09-24 |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $3.12M | $3.98M | -$851.0K | — | +8.75% | 2025-11-15 |
CarNow, Inc. | Application Software | Warrants Common Stock | $3.03M | $2.40M | $626.0K | — | — | 2034-03-22 |
Mingle Healthcare Solutions, Inc. | Health Care Equipment & Services | Senior Secured | $2.36M | $4.76M | -$2.39M | — | +9.75% | 2026-12-15 |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $2.27M | $2.89M | -$619.0K | — | +8.75% | 2027-06-15 |
Aria Systems, Inc. | Application Software | Warrants Series G Preferred Stock | $1.33M | $1.05M | $281.0K | — | — | 2028-06-29 |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series B Preferred Stock | $1.31M | $218.0K | $1.09M | — | — | 2030-06-30 |
Pivot3, Inc. | Commercial & Professional Services | Equity 100% Equity Interest | $1.19M | $950.0K | $244.0K | — | — | — |
Blueshift Labs, Inc. | Application Software | Senior Secured | $998.0K | $743.0K | $255.0K | — | +8.25% | 2028-12-15 |
Blueshift Labs, Inc. | Application Software | Senior Secured | $941.0K | $532.0K | $409.0K | — | +8.25% | 2028-12-15 |
Kin Insurance, Inc. | Insurance | Warrants Series E Preferred Stock | $819.0K | $818.0K | $1.0K | — | — | 2035-08-13 |
Route 92 Medical, Inc. | Health Care Equipment & Services | Warrants Success fee | $649.0K | $833.0K | -$184.0K | — | — | 2035-03-31 |
EBR Systems, Inc. | Health Care Equipment & Services | Warrants Success fee | $602.0K | $605.0K | -$3.0K | — | — | 2032-06-30 |
Elevate Services, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $536.0K | $377.0K | $159.0K | — | — | 2034-07-17 |
Credit Sesame, Inc. | Financial Services | Warrants Common Stock | $529.0K | $425.0K | $104.0K | — | — | 2030-01-07 |
Autobooks, Inc. | Financial Services | Warrants Success Fee | $508.0K | $489.0K | $19.0K | — | — | — |
Piano Software, Inc. | Application Software | Warrants Series D Preferred Stock | $491.0K | $348.0K | $143.0K | — | — | 2034-12-31 |
Onward Medical, N.V. | Health Care Equipment & Services | Warrants Common Stock | $459.0K | $340.0K | $119.0K | — | — | 2034-09-26 |
Airship Group, Inc. | Application Software | Warrants Series F Preferred Stock | $442.0K | $414.0K | $28.0K | — | — | 2034-06-28 |
Circadence Corporation | Systems Software | Warrants Success fee | $433.0K | $304.0K | $129.0K | — | — | — |
Elevate Services, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $416.0K | $447.0K | -$31.0K | — | — | 2033-07-10 |
Madison Reed, Inc. | Household & Personal Products | Warrants Success fee | $414.0K | $404.0K | $10.0K | — | — | — |
Kin Insurance, Inc. | Insurance | Warrants Series D-3 Preferred Stock | $374.0K | $426.0K | -$52.0K | — | — | 2032-09-26 |
Brivo, Inc. | Technology Hardware & Equipment | Warrants Series A-2 Preferred Stock | $371.0K | $98.0K | $273.0K | — | — | 2032-10-20 |
INRIX, Inc. | Application Software | Warrants Common Stock | $326.0K | $522.0K | -$196.0K | — | — | 2029-07-26 |
Aria Systems, Inc. | Application Software | Equity Series G Preferred Stock | $323.0K | $250.0K | $73.0K | — | — | — |
Skillshare, Inc. | Media & Entertainment | Warrants Success fee | $309.0K | $337.0K | -$28.0K | — | — | — |
Snap! Mobile, Inc. | Media & Entertainment | Warrants Series B Preferred Stock | $293.0K | $345.0K | -$52.0K | — | — | 2034-09-30 |
Linxup, LLC | Technology Hardware & Equipment | Warrants Success fee | $241.0K | $253.0K | -$12.0K | — | — | 2033-11-03 |
SetPoint Medical Corporation | Health Care Equipment & Services | Warrants Series B Preferred Stock | $213.0K | $74.0K | $139.0K | — | — | 2032-12-29 |
Synack, Inc. | Systems Software | Warrants Common Stock | $191.0K | $168.0K | $23.0K | — | — | 2032-06-30 |
Minute Media Inc. | Media & Entertainment | Equity Preferred Stock | $171.0K | $120.0K | $51.0K | — | — | — |
Blueshift Labs, Inc. | Application Software | Warrants Success fee | $166.0K | $167.0K | -$1.0K | — | — | — |
SetPoint Medical Corporation | Health Care Equipment & Services | Warrants Series B Preferred Stock | $142.0K | $14.0K | $128.0K | — | — | 2031-06-29 |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $134.0K | $89.0K | $45.0K | — | — | 2028-10-05 |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series D Preferred Stock | $130.0K | $176.0K | -$46.0K | — | — | 2032-09-26 |
Dejero Labs Inc. | Technology Hardware & Equipment | Warrants Common Stock | $125.0K | $192.0K | -$67.0K | — | — | 2029-05-31 |
Bombora, Inc. | Commercial & Professional Services | Warrants Common Stock | $113.0K | $174.0K | -$61.0K | — | — | 2031-03-31 |
FiscalNote, Inc. | Commercial & Professional Services | Equity Common Stock | $89.0K | $438.0K | -$349.0K | — | — | — |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series D Preferred Stock | $86.0K | $52.0K | $34.0K | — | — | 2031-08-17 |
Betterment Holdings, Inc. | Financial Services | Warrants Common Stock | $68.0K | $40.0K | $28.0K | — | — | 2033-10-06 |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $61.0K | $250.0K | -$189.0K | — | — | 2029-06-27 |
Brivo, Inc. | Technology Hardware & Equipment | Warrants Series A-2 Preferred Stock | $59.0K | $43.0K | $16.0K | — | — | 2034-12-27 |
Bombora, Inc. | Commercial & Professional Services | Warrants Common Stock | $51.0K | $48.0K | $3.0K | — | — | 2033-12-26 |
Nalu Medical, Inc. | Health Care Equipment & Services | Warrants Series D-2 Preferred Stock | $30.0K | $173.0K | -$143.0K | — | — | 2032-10-12 |
Moximed, Inc. | Health Care Equipment & Services | Warrants Series C Preferred Stock | $28.0K | $175.0K | -$147.0K | — | — | 2032-06-24 |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $27.0K | $16.0K | $11.0K | — | — | 2028-12-28 |
Swing Education, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $23.0K | $19.0K | $4.0K | — | — | 2035-06-27 |
VTX Holdings, LLC | Application Software | Equity Series C Preferred Units | $23.0K | $143.0K | -$120.0K | — | — | — |
Minute Media Inc. | Media & Entertainment | Equity Common Stock | $21.0K | $16.0K | $5.0K | — | — | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Equity Common Stock | $19.0K | $410.0K | -$391.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Common Stock | $1.0K | $47.0K | -$46.0K | — | — | 2028-10-05 |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Common Stock | $1.0K | $131.0K | -$130.0K | — | — | 2029-06-27 |
3DNA Corp. (dba NationBuilder) | Application Software | Warrants Series C-1 Preferred Stock | $0.00 | $104.0K | -$104.0K | — | — | 2028-12-28 |
AllClear ID, Inc. | Commercial & Professional Services | Warrants Common Stock | $0.00 | $1.75M | -$1.75M | — | — | 2027-08-31 |
Allurion Technologies, Inc. | Health Care Equipment & Services | Warrants Common Stock | $0.00 | $282.0K | -$282.0K | — | — | 2031-03-30 |
Allurion Technologies, Inc. | Health Care Equipment & Services | Warrants Common Stock | $0.00 | $141.0K | -$141.0K | — | — | 2031-03-30 |
Allurion Technologies, Inc. | Health Care Equipment & Services | Warrants Common Stock | $0.00 | $144.0K | -$144.0K | — | — | 2032-09-15 |
Circadence Corporation | Systems Software | Warrants Series A-6 Preferred Stock | $0.00 | $3.63M | -$3.63M | — | — | 2028-12-20 |
Circadence Corporation | Systems Software | Warrants Series A-6 Preferred Stock | $0.00 | $846.0K | -$846.0K | — | — | 2029-10-31 |
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 | — | — | 2027-07-29 |
JWP Holdco LLC (fka Longtail Ad Solutions, Inc.) | Application Software | Warrants Common Units | $0.00 | $47.0K | -$47.0K | — | — | 2029-12-12 |
JobGet Holdings, Inc. (fka Snagajob.com, Inc.) | Commercial & Professional Services | Warrants Series B-1 Preferred Stock | $0.00 | $343.0K | -$343.0K | — | — | 2031-09-29 |
Mingle Healthcare Solutions, Inc. | Health Care Equipment & Services | Warrants Series CC Preferred Stock | $0.00 | $492.0K | -$492.0K | — | — | 2028-08-15 |
Mustang Bio, Inc. | Pharmaceuticals, Biotechnology & Life Sciences | Warrants Common Stock | $0.00 | $315.0K | -$315.0K | — | — | 2032-03-04 |
Predactiv, Inc. (fka Sharethis, Inc.) | Application Software | Warrants Series D-3 Preferred Stock | $0.00 | $2.16M | -$2.16M | — | — | 2028-12-03 |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Common Stock | $0.00 | $9.0K | -$9.0K | — | — | 2028-12-28 |
Scale Computing, Inc. | Systems Software | Warrants Common Stock | $0.00 | $346.0K | -$346.0K | — | — | 2029-03-29 |
VERO Biotech LLC | Health Care Equipment & Services | Warrants Success fee | $0.00 | $377.0K | -$377.0K | — | — | 2025-12-29 |
Coginiti Corp | Application Software | Warrants Common Stock | — | — | — | — | — | 2030-03-09 |
Digicert, Inc. (Revolver) | Systems Software | Senior Secured | — | -$9.0K | — | — | +5.75% | 2030-07-30 |
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% | 2030-07-10 |
Swing Education, Inc. (Revolver) | Commercial & Professional Services | Senior Secured | — | -$183.0K | — | — | +6.65% | 2028-06-01 |
Disclosed holdings FV
$945.96M
Parsed holdings FV
$945.90M
Residual gap
$60.0K
Balance-sheet cash
$7.92M
CIK
0001653384
Accession
0001193125-25-269547
Form type
10-Q
Period
2025-09-30