RWAY
Runway Growth Finance
Portfolio Fair Value
$1.08B
108 holdings
Avg Spread
+6.41%
FV-weighted, debt
Avg Coupon
6.25%
FV-weighted
% First Lien
88.2%
of debt FV
Unrealized P/L
-$27.07M
-2.45% of cost
Non-Accrual
0
text-detected
Balance sheet
Assets$1.09B
Liabilities + Equity$1.09B
First Lien
$950.15M · 87.1%
First Lien
$950.15M · 87.1%
Second Lien
$20.15M · 1.8%
Equity
$106.54M · 9.8%
Cash & Equivalents
$5.75M · 0.5%
Other Assets
$8.76M · 0.8%
Debt (Borrowings)
$552.33M · 50.6%
Debt (Borrowings)
$552.33M · 50.6%
Other Liabilities
$24.15M · 2.2%
Net Assets (Equity)
$514.87M · 47.2%
Net Assets (Equity)
$514.87M · 47.2%
Industry Composition
Unclassified
77.8%
Application Software
21.7%
Multi-Sector Holdings
0.5%
Spread Distribution
2.5%
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
108 of 164
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Property & Casualty Insurance Kin Insurance, Inc. | — | Senior Secured | $76.63M | $75.91M | $714.0K | — | +6.25% | 2026-09-15 |
System Software 3PL Central LLC (dba Extensiv) | — | Senior Secured | $69.26M | $72.31M | -$3.04M | — | +4.50% | 2027-11-09 |
Airship Group, Inc. | Application Software | Senior Secured | $49.44M | $48.51M | $934.0K | — | +3.75% | 2028-06-15 |
Internet Software and Services Synack, Inc. | — | Senior Secured | $42.52M | $42.33M | $189.0K | — | +7.00% | 2028-12-29 |
Piano Software, Inc. | Application Software | Senior Secured | $42.01M | $42.01M | $0.00 | — | +7.25% | 2029-12-31 |
Healthcare Technology EBR Systems, Inc. | — | Senior Secured | $40.51M | $40.04M | $474.0K | — | +4.90% | 2027-06-15 |
Non- Control/ Non- Affiliate Investments Debt Investments Data Processing & Outsourced Services Interactions Corporation | — | Investment Type Senior Secured Interest Rate S O F R+9.26%, 9.76% floor, 3.9375% E T P Initial Acquisition Date 6/24/2022 Maturity Date 6/15/2027 | $40.24M | $40.35M | -$109.0K | — | +9.26% | 2027-06-15 |
Electronic Equipment & Instruments Brivo, Inc. | — | Senior Secured | $39.71M | $39.71M | $0.00 | — | +7.25% | 2029-12-15 |
Internet Software and Services Zinnia Corporate Holdings, LLC | — | Senior Secured | $39.24M | $39.24M | $0.00 | — | +8.00% | 2029-09-21 |
FiscalNote, Inc. | Application Software | Senior Secured | $36.25M | $37.41M | -$1.16M | — | +5.00% | 2027-07-15 |
Healthcare Technology Route 92 Medical, Inc. | — | Senior Secured | $35.68M | $34.98M | $699.0K | — | +8.48% | 2026-07-01 |
Human Resource & Employment Services JobGet Holdings, Inc. (fka Snagajob, Inc.) | — | Equity Series C-1 Preferred Stock | $35.56M | $36.50M | -$939.0K | — | — | — |
VTX Intermediate Holdings, Inc. (dba VertexOne) | Application Software | Senior Secured | $34.24M | $34.66M | -$420.0K | — | +7.00% | 2029-09-24 |
Internet & Direct Marketing Retail Marley Spoon SE | — | Senior Secured | $34.12M | $38.81M | -$4.69M | — | +8.50% | 2027-06-15 |
System Software Linxup, LLC | — | Senior Secured | $30.61M | $29.78M | $828.0K | — | +3.25% | 2027-11-15 |
Internet Software and Services Bombora, Inc. | — | Senior Secured | $29.06M | $28.88M | $182.0K | — | +4.75% | 2028-01-15 |
Internet Software and Services Skillshare, Inc. | — | Senior Secured | $27.55M | $27.88M | -$320.0K | — | +6.50% | 2026-11-08 |
Healthcare Technology Gynesonics, Inc. | — | Senior Secured SOFR+8.75%, 8.00% ceiling, 5.00% ETP | $27.22M | $26.23M | $983.0K | — | +8.75% | 2026-11-30 |
Data Processing & Outsourced Services Hurricane Cleanco Limited | — | Senior Secured | $26.64M | $26.69M | -$49.0K | 6.25% | — | 2029-11-22 |
Data Processing & Outsourced Services Elevate Services, Inc. | — | Senior Secured | $26.27M | $25.32M | $958.0K | — | +7.50% | 2027-07-10 |
Healthcare Technology SetPoint Medical Corporation | — | Senior Secured | $25.82M | $25.24M | $581.0K | — | +5.75% | 2027-12-01 |
Healthcare Technology Gynesonics, Inc. | — | Equity Series A-2 Preferred Stock | $25.00M | $25.00M | $0.00 | — | — | — |
Blueshift Labs, Inc. | Application Software | Senior Secured | $23.66M | $25.74M | -$2.08M | — | +6.25% | 2028-12-15 |
Data Processing & Outsourced Services Vesta Payment Solutions, Inc. | — | Senior Secured | $21.75M | $25.46M | -$3.72M | — | +7.00% | 2026-11-15 |
Healthcare Technology Nalu Medical, Inc. | — | Senior Secured | $21.43M | $21.05M | $384.0K | — | +2.70% | 2027-10-12 |
Circadence Corporation | Application Software | Senior Secured | $20.49M | $25.10M | -$4.61M | — | +9.50% | 2025-12-15 |
Internet Software and Services CarNow, Inc. | — | Senior Secured | $17.66M | $17.79M | -$133.0K | — | +7.25% | 2029-03-22 |
Snap! Mobile, Inc. | Application Software | Senior Secured | $17.51M | $17.51M | $0.00 | — | +7.50% | 2028-09-30 |
Health Care Technology Onward Medical, N.V. | — | Senior Secured | $16.79M | $16.68M | $104.0K | — | +6.50% | 2028-06-15 |
Internet & Direct Marketing Retail Madison Reed, Inc. | — | Senior Secured | $16.38M | $16.23M | $148.0K | — | +4.75% | 2026-12-16 |
Healthcare Equipment Moximed, Inc. | — | Senior Secured | $15.36M | $15.08M | $280.0K | — | +5.25% | 2027-07-01 |
System Software Dejero Labs Inc. | — | Second Lien | $14.40M | $14.70M | -$293.0K | — | +8.00% | 2025-12-22 |
Healthcare Technology Gynesonics, Inc. | — | Equity Series A-1 Preferred Stock | $12.36M | $3.10M | $9.26M | — | — | — |
Healthcare Technology CareCloud, Inc. | — | Equity 11% Series A Cumulative Redeemable Perpetual Preferred Stock | $9.18M | $12.13M | -$2.95M | — | — | — |
VTX Intermediate Holdings, Inc. (dba VertexOne) | Application Software | Second Lien | $5.75M | $5.75M | $0.00 | — | — | 2029-09-24 |
Runway-Cadma I LLC | Multi-Sector Holdings | Equity Equity Interest | $5.74M | $5.60M | $142.0K | — | — | — |
Human Resource & Employment Services JobGet Holdings, Inc. (fka Snagajob, Inc.) | — | Senior Secured | $3.43M | $3.77M | -$343.0K | — | +8.50% | 2025-11-15 |
Internet Software and Services CarNow, Inc. | — | Warrants Common Stock | $2.83M | $2.40M | $425.0K | — | — | 2034-03-22 |
Healthcare Technology Mingle Healthcare Solutions, Inc. | — | Senior Secured | $2.15M | $4.95M | -$2.80M | — | +9.75% | 2026-12-15 |
Human Resource & Employment Services CloudPay, Inc. | — | Warrants Series B Preferred Stock | $1.34M | $218.0K | $1.13M | — | — | 2030-06-30 |
Technology Hardware, Storage & Peripherals zSpace, Inc. | — | Equity Common Stock | $1.29M | $1.12M | $169.0K | — | — | — |
Technology Hardware, Storage & Peripherals Quantum Corporation | — | Equity Common Stock | $1.24M | $2.61M | -$1.37M | — | — | — |
Data Processing & Outsourced Services Pivot3, Inc. | — | Equity Equity Interest | $1.20M | $950.0K | $248.0K | — | — | — |
Aria Systems, Inc. | Application Software | Warrants Series G Preferred Stock | $1.16M | $1.05M | $111.0K | — | — | 2028-06-29 |
Healthcare Technology Route 92 Medical, Inc. | — | Warrants Success Fee | $784.0K | $835.0K | -$51.0K | — | — | 2031-08-17 |
Healthcare Technology EBR Systems, Inc. | — | Warrants Success fee | $617.0K | $605.0K | $12.0K | — | — | 2032-06-30 |
Airship Group, Inc. | Application Software | Warrants Series F Preferred Stock | $499.0K | $414.0K | $85.0K | — | — | 2034-06-28 |
Blueshift Labs, Inc. | Application Software | Senior Secured Bridge Loan | $455.0K | $500.0K | -$45.0K | — | — | 2028-12-15 |
Healthcare Technology Onward Medical, N.V. | — | Warrants Common Stock | $417.0K | $340.0K | $77.0K | — | — | 2034-09-26 |
Data Processing & Outsourced Services Elevate Services, Inc. | — | Warrants Series C Preferred Stock | $398.0K | $447.0K | -$49.0K | — | — | 2033-07-10 |
Snap! Mobile, Inc. | Application Software | Warrants Series B Preferred Stock | $394.0K | $345.0K | $49.0K | — | — | 2034-09-30 |
Internet Software and Services Skillshare, Inc. | — | Warrants Success Fee | $367.0K | $301.0K | $66.0K | — | — | — |
Specialized Consumer Services Credit Sesame, Inc. | — | Warrants Common Stock | $365.0K | $425.0K | -$60.0K | — | — | 2030-01-07 |
Piano Software, Inc. | Application Software | Warrants Series D Preferred Stock | $348.0K | $348.0K | $0.00 | — | — | 2034-12-31 |
Internet Software and Services INRIX, Inc. | — | Warrants Common Stock | $344.0K | $522.0K | -$178.0K | — | — | 2029-07-26 |
Electronic Equipment & Instruments Epic IO Technologies, Inc. | — | Warrants Success fee | $334.0K | $505.0K | -$171.0K | — | — | 2028-12-17 |
Healthcare Technology SetPoint Medical Corporation | — | Warrants Series B Preferred Stock | $334.0K | $74.0K | $260.0K | — | — | 2032-12-29 |
Circadence Corporation | Application Software | Warrants Series A-6 Preferred Stock | $298.0K | $3.63M | -$3.33M | — | — | 2028-12-20 |
Property & Casualty Insurance Kin Insurance, Inc. | — | Warrants Series D-3 Preferred Stock | $285.0K | $426.0K | -$141.0K | — | — | 2032-09-26 |
Electronic Equipment & Instruments Brivo, Inc. | — | Warrants Series A-2 Preferred Stock | $269.0K | $98.0K | $171.0K | — | — | 2032-10-20 |
Aria Systems, Inc. | Application Software | Equity Series G Preferred Stock | $263.0K | $250.0K | $13.0K | — | — | — |
FiscalNote, Inc. | Application Software | Equity Common Stock | $247.0K | $438.0K | -$191.0K | — | — | — |
Healthcare Technology SetPoint Medical Corporation | — | Warrants Series B Preferred Stock | $223.0K | $14.0K | $209.0K | — | — | 2031-06-29 |
Technology Hardware, Storage & Peripherals RealWear, Inc. | — | Warrants Series A Preferred Stock | $206.0K | $136.0K | $70.0K | — | — | 2028-10-05 |
System Software Linxup, LLC | — | Warrants Success Fee | $201.0K | $253.0K | -$52.0K | — | — | 2033-11-03 |
Blueshift Labs, Inc. | Application Software | Warrants Success fee | $188.0K | $167.0K | $21.0K | — | — | — |
Internet Software and Services Synack, Inc. | — | Warrants Common Stock | $186.0K | $158.0K | $28.0K | — | — | 2032-06-30 |
Internet & Direct Marketing Retail Madison Reed, Inc. | — | Warrants Success fee | $183.0K | $209.0K | -$26.0K | — | — | — |
System Software Dejero Labs Inc. | — | Warrants Common Stock | $177.0K | $192.0K | -$15.0K | — | — | 2029-05-31 |
Internet Software and Services JWP Holdco LLC (fka Longtail Ad Solutions, Inc.) | — | Warrants Common Units | $158.0K | $47.0K | $111.0K | — | — | 2029-12-12 |
VTX Holdings, LLC | Application Software | Equity Series C Preferred Units | $143.0K | $143.0K | $0.00 | — | — | — |
Advertising Minute Media Inc. | — | Equity Preferred Stock | $136.0K | $120.0K | $16.0K | — | — | — |
Technology Hardware, Storage & Peripherals RealWear, Inc. | — | Warrants Series A Preferred Stock | $136.0K | $381.0K | -$245.0K | — | — | 2029-06-27 |
Internet Software and Services Bombora, Inc. | — | Warrants Common Stock | $135.0K | $174.0K | -$39.0K | — | — | 2031-03-31 |
Human Resource & Employment Services CloudPay, Inc. | — | Warrants Series D Preferred Stock | $134.0K | $176.0K | -$42.0K | — | — | 2032-09-26 |
Data Processing & Outsourced Services Elevate Services, Inc. | — | Warrants Series C Preferred Stock | $119.0K | $118.0K | $1.0K | — | — | 2034-07-17 |
Healthcare Technology VERO Biotech LLC | — | Warrants Success Fee | $114.0K | $377.0K | -$263.0K | — | — | 2025-12-29 |
Data Processing & Outsourced Services Predactiv, Inc. (fka Sharethis, Inc.) | — | Warrants Series D-3 Preferred Stock | $90.0K | $2.16M | -$2.07M | — | — | 2028-12-03 |
Human Resource & Employment Services CloudPay, Inc. | — | Warrants Series D Preferred Stock | $89.0K | $52.0K | $37.0K | — | — | 2031-08-17 |
Asset Management & Custody Banks Betterment Holdings, Inc. | — | Warrants Common Stock | $74.0K | $40.0K | $34.0K | — | — | 2033-10-06 |
Healthcare Technology Nalu Medical, Inc. | — | Warrants Series D-2 Preferred Stock | $70.0K | $173.0K | -$103.0K | — | — | 2032-10-12 |
Circadence Corporation | Application Software | Warrants Series A-6 Preferred Stock | $54.0K | $846.0K | -$792.0K | — | — | 2029-10-31 |
Internet Software and Services Bombora, Inc. | — | Warrants Common Stock | $54.0K | $43.0K | $11.0K | — | — | 2033-12-26 |
Electronic Equipment & Instruments Brivo, Inc. | — | Warrants Series A-2 Preferred Stock | $43.0K | $43.0K | $0.00 | — | — | 2034-12-27 |
Internet & Direct Marketing Retail Marley Spoon SE | — | Equity Common Stock | $43.0K | $410.0K | -$367.0K | — | — | — |
Technology Hardware, Storage & Peripherals RealWear, Inc. | — | Warrants Series A Preferred Stock | $41.0K | $25.0K | $16.0K | — | — | 2028-12-28 |
Healthcare Equipment Moximed, Inc. | — | Warrants Series C Preferred Stock | $24.0K | $175.0K | -$151.0K | — | — | 2032-06-24 |
Advertising Minute Media Inc. | — | Equity Common Stock | $16.0K | $16.0K | $0.00 | — | — | — |
Circadence Corporation | Application Software | Warrants Success fee | $13.0K | $304.0K | -$291.0K | — | — | — |
Data Processing & Outsourced Services Interactions Corporation | — | Warrants Common Stock | $13.0K | $219.0K | -$206.0K | — | — | 2032-06-24 |
FiscalNote, Inc. | Application Software | Warrants Earnout | $8.0K | $127.0K | -$119.0K | — | — | 2027-07-29 |
Biotechnology Mustang Bio, Inc. | — | Warrants Common Stock | $4.0K | $315.0K | -$311.0K | — | — | 2032-03-04 |
Healthcare Technology Allurion Technologies, Inc. | — | Warrants Common Stock | $1.0K | $282.0K | -$281.0K | — | — | 2031-03-30 |
3DNA Corp. (dba NationBuilder) | Application Software | Warrants Series C-1 Preferred Stock | $0.00 | $104.0K | -$104.0K | — | — | 2028-12-28 |
Biotechnology TRACON Pharmaceuticals, Inc. | — | Warrants Common Stock | $0.00 | $226.0K | -$226.0K | — | — | 2032-09-02 |
Coginiti Corp, | Application Software | Equity Common Stock | $0.00 | $4.55M | -$4.55M | — | — | — |
Computer & Electronics Retail Massdrop, Inc. | — | Warrants Series B Preferred Stock | $0.00 | $183.0K | -$183.0K | — | — | 2029-07-22 |
Healthcare Technology Allurion Technologies, Inc. | — | Warrants Common Stock | $0.00 | $141.0K | -$141.0K | — | — | 2031-03-30 |
Healthcare Technology Allurion Technologies, Inc. | — | Warrants Common Stock | $0.00 | $144.0K | -$144.0K | — | — | 2032-09-15 |
Healthcare Technology Gynesonics, Inc. | — | Warrants Success Fee | $0.00 | $313.0K | -$313.0K | — | — | 2030-03-01 |
Healthcare Technology Mingle Healthcare Solutions, Inc. | — | Warrants Series CC Preferred Stock | $0.00 | $492.0K | -$492.0K | — | — | 2028-08-15 |
Human Resource & Employment Services JobGet Holdings, Inc. (fka Snagajob.com, Inc. | — | Warrants Series B-1 Preferred Stock | $0.00 | $343.0K | -$343.0K | — | — | 2031-09-29 |
Internet Software and Services Fidelis Cybersecurity, Inc. | — | Warrants Common Stock | $0.00 | $79.0K | -$79.0K | — | — | 2032-03-25 |
Specialized Consumer Services AllClear ID, Inc. | — | Warrants Common Stock | $0.00 | $1.05M | -$1.05M | — | — | 2027-08-31 |
Specialized Consumer Services AllClear ID, Inc. | — | Warrants Common Stock | $0.00 | $697.0K | -$697.0K | — | — | 2027-08-31 |
System Software Scale Computing, Inc. | — | Warrants Common Stock | $0.00 | $346.0K | -$346.0K | — | — | 2029-03-29 |
Coginiti Corp | Application Software | Warrants Common Stock | — | — | — | — | — | 2030-03-09 |
Human Resource & Employment Services JobGet Holdings, Inc. (fka Snagajob, Inc.) | — | Equity Series C-2 Preferred Stock | — | — | — | — | — | — |
Disclosed holdings FV
$1.08B
Parsed holdings FV
$1.08B
Residual gap
$64.0K
Balance-sheet cash
$5.75M
CIK
0001653384
Accession
0000950170-25-042625
Form type
10-K
Period
2024-12-31