RWAY
Runway Growth Finance
Portfolio Fair Value
$1.02B
108 holdings
Avg Spread
+6.62%
FV-weighted, debt
Avg Coupon
6.25%
FV-weighted
% First Lien
91.9%
of debt FV
Unrealized P/L
-$41.14M
-3.86% of cost
Non-Accrual
0
text-detected
Balance sheet
Assets$1.04B
Liabilities + Equity$1.04B
First Lien
$941.76M · 90.4%
First Lien
$941.76M · 90.4%
Second Lien
$20.78M · 2.0%
Equity
$62.41M · 6.0%
Cash & Equivalents
$5.96M · 0.6%
Other Assets
$10.35M · 1.0%
Debt (Borrowings)
$515.95M · 49.6%
Debt (Borrowings)
$515.95M · 49.6%
Other Liabilities
$26.43M · 2.5%
Net Assets (Equity)
$498.87M · 47.9%
Net Assets (Equity)
$498.87M · 47.9%
Industry Composition
Unclassified
24.4%
Application Software
22.0%
Commercial & Professional Services
17.3%
Systems Software
13.0%
Technology Hardware & Equipment
8.5%
Financial Services
7.8%
Consumer Staples Distribution & Retail
3.6%
Health Care Equipment & Services
2.7%
Multi-Sector Holdings
0.6%
Media & Entertainment
0.1%
Insurance
0.0%
Household & Personal Products
0.0%
Other industries
0.0%
Spread Distribution
2.5%
3.0%
3.5%
4.5%
5.0%
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
108 of 111
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Property & Casualty Insurance Kin Insurance, Inc. | — | Senior Secured | $78.19M | $76.32M | $1.87M | — | +6.25% | 2026-09-15 |
3PL Central LLC (dba Extensiv) | Systems Software | Senior Secured | $70.25M | $74.58M | -$4.32M | — | +7.00% | 2025-09-30 |
Airship Group, Inc. | Application Software | Senior Secured | $50.33M | $49.52M | $808.0K | — | +3.75% | 2028-06-15 |
Synack, Inc. | Systems Software | Senior Secured | $42.51M | $42.39M | $121.0K | — | +7.00% | 2028-12-29 |
Piano Software, Inc. | Application Software | Senior Secured | $41.72M | $42.09M | -$363.0K | — | +7.25% | 2029-12-31 |
Healthcare Technology EBR Systems, Inc. | — | Senior Secured | $40.92M | $40.34M | $573.0K | — | +4.90% | 2027-06-15 |
Interactions Corporation | Commercial & Professional Services | Senior Secured | $40.32M | $40.56M | -$238.0K | — | +9.26% | 2027-06-15 |
Brivo, Inc. | Technology Hardware & Equipment | Senior Secured | $40.19M | $39.80M | $383.0K | — | +7.25% | 2029-12-15 |
Zinnia Corporate Holdings, LLC | Application Software | Senior Secured | $39.36M | $39.29M | $65.0K | — | +8.00% | 2029-09-21 |
Elevate Services, Inc. | Commercial & Professional Services | Senior Secured | $39.24M | $38.18M | $1.07M | — | +7.50% | 2027-07-10 |
VTX Intermediate Holdings, Inc. (dba VertexOne) | Application Software | Senior Secured | $34.94M | $34.95M | -$13.0K | — | +7.00% | 2029-09-24 |
Healthcare Technology Route 92 Medical, Inc. | — | Senior Secured Investment Rate SOFR+7.00%, 9.00% floor, 3.95% ETP | $34.69M | $34.20M | $485.0K | — | +7.00% | 2029-03-31 |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $32.74M | $42.06M | -$9.32M | — | +8.75% | 2027-06-15 |
Linxup, LLC | Technology Hardware & Equipment | Senior Secured | $30.50M | $29.91M | $589.0K | — | +3.25% | 2027-11-15 |
Hurricane Cleanco Limited | Financial Services | Senior Secured | $30.04M | $27.58M | $2.45M | 6.25% | — | 2029-11-22 |
Bombora, Inc. | Commercial & Professional Services | Senior Secured | $29.31M | $29.40M | -$89.0K | — | +4.75% | 2028-01-15 |
JobGet Holdings, Inc. (fka Snagajob, Inc.) | Commercial & Professional Services | Equity Series C-1 Preferred Stock | $29.03M | $39.27M | -$10.25M | — | — | — |
FiscalNote, Inc. | Commercial & Professional Services | Senior Secured | $27.14M | $26.29M | $848.0K | — | +5.00% | 2027-07-15 |
Blueshift Labs, Inc. | Application Software | Senior Secured | $27.02M | $26.58M | $445.0K | — | +8.25% | 2028-12-15 |
Autobooks, Inc. | Financial Services | Senior Secured | $26.31M | $26.31M | -$3.0K | — | +7.50% | 2028-02-05 |
Vesta Payment Solutions, Inc. | Financial Services | Senior Secured | $22.68M | $25.72M | -$3.04M | — | +7.00% | 2026-11-15 |
Healthcare Technology Nalu Medical, Inc. | — | Senior Secured Investment Rate PRIME+2.70%, 6.70% floor, 2.00% PIK, 4.50% ETP | $22.33M | $21.38M | $954.0K | — | +2.70% | 2027-10-12 |
Internet Software and Services Skillshare, Inc. | — | Senior Secured | $20.40M | $20.67M | -$273.0K | — | +6.50% | 2026-11-08 |
Circadence Corporation | Systems Software | Senior Secured | $20.23M | $24.60M | -$4.37M | — | +9.50% | 2025-12-15 |
CarNow, Inc. | Application Software | Senior Secured | $18.40M | $18.02M | $377.0K | — | +7.25% | 2029-03-22 |
Internet Software and Services Synack, Inc. | — | Senior Secured | $17.53M | $17.63M | -$104.0K | — | +7.50% | 2028-09-30 |
Healthcare Technology Onward Medical, N.V. | — | Senior Secured Investment Rate SOFR+6.50%, 10.75% floor, 2.50% ETP | $16.98M | $16.78M | $195.0K | — | +6.50% | 2028-06-15 |
Internet & Direct Marketing Retail Madison Reed, Inc. | — | Senior Secured | $16.60M | $16.46M | $139.0K | — | +4.75% | 2026-12-16 |
Moximed, Inc. | Health Care Equipment & Services | Senior Secured | $15.42M | $15.16M | $266.0K | — | +5.25% | 2027-07-01 |
Dejero Labs Inc. | Technology Hardware & Equipment | Second Lien | $14.71M | $14.92M | -$210.0K | — | +8.00% | 2025-12-22 |
CareCloud, Inc. | Health Care Equipment & Services | Equity 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock | $9.98M | $12.13M | -$2.15M | — | — | — |
Swing Education, Inc. | Commercial & Professional Services | Senior Secured | $7.66M | $7.86M | -$200.0K | — | +7.00% | 2029-06-15 |
VTX Intermediate Holdings, Inc. (dba VertexOne) | Application Software | Second Lien | $6.07M | $5.98M | $86.0K | — | — | 2029-09-24 |
Runway-Cadma I LLC | Multi-Sector Holdings | Equity 50% Equity Interest | $6.00M | $5.60M | $404.0K | — | — | — |
CarNow, Inc. | Application Software | Warrants Common Stock | $2.77M | $2.40M | $366.0K | — | — | 2034-03-22 |
Healthcare Technology Mingle Healthcare Solutions, Inc. | — | Senior Secured | $2.40M | $4.76M | -$2.36M | — | +9.75% | 2026-12-15 |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $2.21M | $2.84M | -$624.0K | — | +8.75% | 2025-09-30 |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $2.18M | $2.80M | -$615.0K | — | +8.75% | 2027-06-15 |
Aria Systems, Inc. | Application Software | Warrants Series G Preferred Stock | $1.37M | $1.05M | $322.0K | — | — | 2028-06-29 |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series B Preferred Stock | $1.22M | $218.0K | $1.01M | — | — | 2030-06-30 |
JobGet Holdings, Inc. (fka Snagajob, Inc.) | Commercial & Professional Services | Equity Convertible Note | $1.00M | $1.00M | $0.00 | — | — | 2025-09-22 |
Pivot3, Inc. | Commercial & Professional Services | Equity 100% Equity Interest | $995.0K | $950.0K | $45.0K | — | — | — |
Blueshift Labs, Inc. | Application Software | Senior Secured | $954.0K | $515.0K | $439.0K | — | +8.25% | 2028-12-15 |
Route 92 Medical, Inc. | Health Care Equipment & Services | Warrants Success fee | $829.0K | $833.0K | -$4.0K | — | — | 2035-03-31 |
EBR Systems, Inc. | Health Care Equipment & Services | Warrants Success fee | $604.0K | $605.0K | -$1.0K | — | — | 2032-06-30 |
Autobooks, Inc. | Financial Services | Warrants Success Fee | $515.0K | $489.0K | $26.0K | — | — | — |
Piano Software, Inc. | Application Software | Warrants Series D Preferred Stock | $478.0K | $348.0K | $130.0K | — | — | 2034-12-31 |
Blueshift Labs, Inc. | Application Software | Warrants Success fee | $449.0K | $167.0K | $282.0K | — | — | — |
Airship Group, Inc. | Application Software | Warrants Series F Preferred Stock | $447.0K | $414.0K | $33.0K | — | — | 2034-06-28 |
Circadence Corporation | Systems Software | Warrants Success fee | $447.0K | $304.0K | $143.0K | — | — | — |
Elevate Services, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $396.0K | $447.0K | -$51.0K | — | — | 2033-07-10 |
Elevate Services, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $376.0K | $377.0K | -$1.0K | — | — | 2034-07-17 |
Credit Sesame, Inc. | Financial Services | Warrants Common Stock | $367.0K | $425.0K | -$58.0K | — | — | 2030-01-07 |
Onward Medical, N.V. | Health Care Equipment & Services | Warrants Common Stock | $362.0K | $340.0K | $22.0K | — | — | 2034-09-26 |
INRIX, Inc. | Application Software | Warrants Common Stock | $338.0K | $522.0K | -$184.0K | — | — | 2029-07-26 |
Snap! Mobile, Inc. | Media & Entertainment | Warrants Series B Preferred Stock | $338.0K | $345.0K | -$7.0K | — | — | 2034-09-30 |
Skillshare, Inc. | Media & Entertainment | Warrants Success fee | $335.0K | $301.0K | $34.0K | — | — | — |
Kin Insurance, Inc. | Insurance | Warrants Series D-3 Preferred Stock | $316.0K | $426.0K | -$110.0K | — | — | 2032-09-26 |
Aria Systems, Inc. | Application Software | Equity Investment Rate Series G Preferred Stock | $311.0K | $250.0K | $61.0K | — | — | — |
Brivo, Inc. | Technology Hardware & Equipment | Warrants Series A-2 Preferred Stock | $305.0K | $98.0K | $207.0K | — | — | 2032-10-20 |
SetPoint Medical Corporation | Health Care Equipment & Services | Warrants Series B Preferred Stock | $298.0K | $74.0K | $224.0K | — | — | 2032-12-29 |
zSpace, Inc. | Technology Hardware & Equipment | Equity Common Stock | $264.0K | $1.12M | -$855.0K | — | — | — |
Linxup, LLC | Technology Hardware & Equipment | Warrants Success fee | $247.0K | $253.0K | -$6.0K | — | — | 2033-11-03 |
SetPoint Medical Corporation | Health Care Equipment & Services | Warrants Series B Preferred Stock | $198.0K | $14.0K | $184.0K | — | — | 2031-06-29 |
Synack, Inc. | Systems Software | Warrants Common Stock | $183.0K | $158.0K | $25.0K | — | — | 2032-06-30 |
Madison Reed, Inc. | Household & Personal Products | Warrants Success fee | $169.0K | $209.0K | -$40.0K | — | — | — |
Minute Media Inc. | Media & Entertainment | Equity Preferred Stock | $150.0K | $120.0K | $30.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $149.0K | $89.0K | $60.0K | — | — | 2028-10-05 |
Dejero Labs Inc. | Technology Hardware & Equipment | Warrants Common Stock | $136.0K | $192.0K | -$56.0K | — | — | 2029-05-31 |
FiscalNote, Inc. | Commercial & Professional Services | Equity Common Stock | $124.0K | $438.0K | -$314.0K | — | — | — |
Bombora, Inc. | Commercial & Professional Services | Warrants Common Stock | $119.0K | $174.0K | -$55.0K | — | — | 2031-03-31 |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series D Preferred Stock | $106.0K | $176.0K | -$70.0K | — | — | 2032-09-26 |
VTX Holdings, LLC | Application Software | Equity Investment Rate Series C Preferred Units | $83.0K | $143.0K | -$60.0K | — | — | — |
Betterment Holdings, Inc. | Financial Services | Warrants Common Stock | $76.0K | $40.0K | $36.0K | — | — | 2033-10-06 |
VERO Biotech LLC | Health Care Equipment & Services | Warrants Success fee | $74.0K | $377.0K | -$303.0K | — | — | 2025-12-29 |
Nalu Medical, Inc. | Health Care Equipment & Services | Warrants Series D-2 Preferred Stock | $67.0K | $173.0K | -$106.0K | — | — | 2032-10-12 |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $64.0K | $250.0K | -$186.0K | — | — | 2029-06-27 |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series D Preferred Stock | $58.0K | $52.0K | $6.0K | — | — | 2031-08-17 |
Predactiv, Inc. (fka Sharethis, Inc.) | Application Software | Warrants Series D-3 Preferred Stock | $52.0K | $2.16M | -$2.11M | — | — | 2028-12-03 |
Brivo, Inc. | Technology Hardware & Equipment | Warrants Series A-2 Preferred Stock | $49.0K | $43.0K | $6.0K | — | — | 2034-12-27 |
Bombora, Inc. | Commercial & Professional Services | Warrants Common Stock | $48.0K | $43.0K | $5.0K | — | — | 2033-12-26 |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $30.0K | $16.0K | $14.0K | — | — | 2028-12-28 |
Moximed, Inc. | Health Care Equipment & Services | Warrants Series C Preferred Stock | $19.0K | $175.0K | -$156.0K | — | — | 2032-06-24 |
Swing Education, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $19.0K | $19.0K | $0.00 | — | — | 2035-06-27 |
Minute Media Inc. | Media & Entertainment | Equity Common Stock | $18.0K | $16.0K | $2.0K | — | — | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Equity Common Stock | $14.0K | $410.0K | -$396.0K | — | — | — |
Interactions Corporation | Commercial & Professional Services | Warrants Common Stock | $8.0K | $219.0K | -$211.0K | — | — | 2032-06-24 |
Circadence Corporation | Systems Software | Warrants Series A-6 Preferred Stock | $1.0K | $3.63M | -$3.63M | — | — | 2028-12-20 |
FiscalNote, Inc. | Commercial & Professional Services | Warrants Earnout | $1.0K | $127.0K | -$126.0K | — | — | 2027-07-29 |
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 | $846.0K | -$846.0K | — | — | 2029-10-31 |
Coginiti Corp, | Application Software | Equity Common Stock | $0.00 | $4.55M | -$4.55M | — | — | — |
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, 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 |
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 |
Coginiti Corp | Application Software | Warrants Common Stock | — | — | — | — | — | 2030-03-09 |
Gynesonics, Inc. | — | Senior Secured | — | — | — | — | +8.75% | — |
JobGet Holdings, Inc. (fka Snagajob, Inc.) | Commercial & Professional Services | Equity Series C-2 Preferred Stock | — | — | — | — | — | — |
Swing Education, Inc. (Revolver) | Commercial & Professional Services | Senior Secured | — | -$199.0K | — | — | +6.65% | 2028-06-01 |
Disclosed holdings FV
$1.02B
Parsed holdings FV
$1.02B
Residual gap
$65.0K
Balance-sheet cash
$5.96M
CIK
0001653384
Accession
0000950170-25-104963
Form type
10-Q
Period
2025-06-30