BDC·info
RWAY

Runway Growth Finance

Period
SEC EDGAR ↗
Portfolio Fair Value
$1.06B
106 holdings
Avg Spread
+6.39%
FV-weighted, debt
Avg Coupon
—
FV-weighted
% First Lien
94.1%
of debt FV
Unrealized P/L
-$52.79M
-4.73% of cost
Non-Accrual
0
text-detected

Balance sheet

Assets$1.08B
Liabilities + Equity$1.08B
First Lien
$1.00B · 92.8%
Debt (Borrowings)
$548.69M · 50.9%
Net Assets (Equity)
$506.38M · 47.0%

Industry Composition

Unclassified
78.0%
Application Software
21.9%
Multi-Sector Holdings
0.0%

Fair Value History

Q2 '23
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
Q3 '25
Q4 '25
Q1 '26
Q2 '26

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
106 of 166
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
VTX Intermediate Holdings, Inc. (dba VertexOne)
Application Software
Senior Secured
$89.60M
$91.24M
-$1.64M
—+9.00%
2026-12-28
Human Resource & Employment Services CloudPay, Inc.
—
Senior Secured
$77.30M
$75.12M
$2.18M
—+6.25%
2027-08-17
Property & Casualty Insurance Kin Insurance, Inc.
—
Senior Secured
$75.60M
$75.42M
$176.0K
—+6.25%
2026-09-15
System Software 3PL Central LLC
—
Senior Secured
$70.02M
$71.18M
-$1.16M
—+4.50%
2027-11-09
Airship Group, Inc.
Application Software
Senior Secured
$57.32M
$57.32M
$0.00
—+3.75%
2028-06-15
Healthcare Technology EBR Systems, Inc.
—
Senior Secured
$40.30M
$39.76M
$540.0K
—+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, 3.4375% E T P Initial Acquisition Date 6/24/2022 Maturity Date 6/15/2027
$39.85M
$40.12M
-$271.0K
—+9.26%
2027-06-15
Internet Software and Services Synack, Inc.
—
Senior Secured
$39.80M
$39.82M
-$15.0K
—+7.00%
2028-12-29
FiscalNote, Inc.
Application Software
Senior Secured
$38.18M
$40.59M
-$2.41M
—+5.00%
2027-07-15
Internet & Direct Marketing Retail Marley Spoon SE
—
Senior Secured
$37.47M
$38.10M
-$634.0K
—+7.50%
2027-06-15
Healthcare Technology Route 92 Medical, Inc.
—
Senior Secured
$35.28M
$34.60M
$679.0K
—+8.48%
2026-07-01
Human Resource & Employment Services Snagajob.com, Inc.
—
Senior Secured
$30.03M
$42.74M
-$12.71M
——
2025-09-01
System Software Linxup, LLC
—
Senior Secured
$30.03M
$29.63M
$401.0K
—+3.25%
2027-11-15
Internet Software and Services Skillshare, Inc.
—
Senior Secured
$29.65M
$30.02M
-$364.0K
—+6.50%
2026-11-08
Internet Software and Services Bombora, Inc.
—
Senior Secured
$28.34M
$28.36M
-$17.0K
—+4.75%
2028-01-15
Electronic Equipment & Instruments Brivo, Inc.
—
Senior Secured
$26.72M
$26.42M
$299.0K
—+6.85%
2027-10-20
Healthcare Technology SetPoint Medical Corporation
—
Senior Secured
$25.81M
$25.13M
$688.0K
—+5.75%
2027-12-01
Blueshift Labs, Inc.
Application Software
Senior Secured
$24.70M
$25.41M
-$709.0K
—+6.25%
2028-12-15
Healthcare Technology Gynesonics, Inc.
—
Senior Secured SOFR+8.75%, 8.00% ceiling, 5.00% ETP
$23.94M
$26.06M
-$2.12M
—+8.75%
2026-11-30
Data Processing & Outsourced Services Vesta Payment Solutions, Inc.
—
Senior Secured
$23.84M
$25.09M
-$1.25M
—+7.00%
2026-11-15
Healthcare Technology Nalu Medical, Inc.
—
Senior Secured
$21.54M
$20.72M
$818.0K
—+2.70%
2027-10-12
Healthcare Technology Gynesonics, Inc.
—
Equity Series A-2 Preferred Stock
$21.38M
$25.00M
-$3.62M
——
—
Data Processing & Outsourced Services Elevate Services, Inc.
—
Senior Secured
$19.81M
$19.50M
$308.0K
—+7.50%
2027-07-10
Circadence Corporation
Application Software
Senior Secured
$19.53M
$25.10M
-$5.57M
—+9.50%
2025-12-15
Data Processing & Outsourced Services ShareThis, Inc.
—
Senior Secured
$18.52M
$18.89M
-$367.0K
—+9.25%
2024-09-30
Internet Software and Services CarNow, Inc.
—
Senior Secured
$17.45M
$17.45M
$0.00
—+7.25%
2029-03-22
Health Care Technology Onward Medical, N.V.
—
Senior Secured
$16.58M
$16.58M
$0.00
—+6.50%
2028-06-15
Internet & Direct Marketing Retail Madison Reed, Inc.
—
Senior Secured
$15.97M
$15.92M
$46.0K
—+4.75%
2026-12-16
Healthcare Equipment Moximed, Inc.
—
Senior Secured
$15.43M
$15.00M
$437.0K
—+5.25%
2027-07-01
System Software Dejero Labs Inc.
—
Second Lien
$14.47M
$14.49M
-$17.0K
—+5.00%
2025-12-22
Asset Management & Custody Banks Betterment Holdings, Inc.
—
Senior Secured
$8.08M
$7.90M
$179.0K
—+4.50%
2027-10-06
Healthcare Technology Gynesonics, Inc.
—
Equity Series A-1 Preferred Stock
$4.50M
$3.10M
$1.40M
——
—
Healthcare Technology CareCloud, Inc.
—
Equity 11% Series A Cumulative Redeemable Perpetual Preferred Stock
$3.73M
$12.13M
-$8.40M
——
—
Healthcare Technology Mingle Healthcare Solutions, Inc.
—
Senior Secured
$3.09M
$4.95M
-$1.86M
—+9.75%
2026-12-15
Internet Software and Services CarNow, Inc.
—
Warrants Common Stock
$2.49M
$2.40M
$89.0K
——
2034-03-22
Human Resource & Employment Services CloudPay, Inc.
—
Warrants Series B Preferred Stock
$1.23M
$218.0K
$1.02M
——
2030-06-30
Aria Systems, Inc.
Application Software
Warrants Series G Preferred Stock
$1.13M
$1.05M
$84.0K
——
2028-06-29
Data Processing & Outsourced Services Pivot3, Inc.
—
Equity Equity Interest
$960.0K
$950.0K
$10.0K
——
—
Data Processing & Outsourced Services ShareThis, Inc.
—
Senior Secured
$882.0K
$900.0K
-$18.0K
—+8.25%
2024-09-30
Healthcare Technology Route 92 Medical, Inc.
—
Warrants Success Fee
$854.0K
$835.0K
$19.0K
——
2031-08-17
Healthcare Technology EBR Systems, Inc.
—
Warrants Success fee
$707.0K
$605.0K
$102.0K
——
2032-06-30
Human Resource & Employment Services Snagajob.com, Inc.
—
Equity Convertible Note
$557.0K
$1.36M
-$800.0K
——
2026-12-31
Dtex Systems, Inc.
Application Software
Warrants Series C-Prime Preferred Stock
$539.0K
$115.0K
$424.0K
——
2026-07-11
Runway-Cadma I LLC
Multi-Sector Holdings
Equity Equity Interest
$519.0K
$650.0K
-$131.0K
——
—
Internet Software and Services Skillshare, Inc.
—
Warrants Success Fee
$513.0K
$301.0K
$212.0K
——
—
Airship Group, Inc.
Application Software
Warrants Series F Preferred Stock
$499.0K
$500.0K
-$1.0K
——
2034-06-28
Internet Software and Services INRIX, Inc.
—
Warrants Common Stock
$441.0K
$522.0K
-$81.0K
——
2029-07-26
Data Processing & Outsourced Services Elevate Services, Inc.
—
Warrants Series C Preferred Stock
$394.0K
$447.0K
-$53.0K
——
2033-07-10
Electronic Equipment & Instruments Epic IO Technologies, Inc.
—
Warrants Success fee
$387.0K
$505.0K
-$118.0K
——
2028-12-17
Property & Casualty Insurance Kin Insurance, Inc.
—
Warrants Series D-3 Preferred Stock
$370.0K
$302.0K
$68.0K
——
2032-09-26
Specialized Consumer Services Credit Sesame, Inc.
—
Warrants Common Stock
$366.0K
$425.0K
-$59.0K
——
2030-01-07
Healthcare Technology Gynesonics, Inc.
—
Warrants Success Fee
$352.0K
$313.0K
$39.0K
——
2030-03-01
Healthcare Technology Onward Medical, N.V.
—
Warrants Common Stock
$339.0K
$340.0K
-$1.0K
——
2034-09-26
FiscalNote, Inc.
Application Software
Equity Common Stock
$337.0K
$438.0K
-$101.0K
——
—
System Software Linxup, LLC
—
Warrants Success Fee
$337.0K
$253.0K
$84.0K
——
2033-11-03
Dtex Systems, Inc.
Application Software
Warrants Series C-Prime Preferred Stock
$323.0K
$59.0K
$264.0K
——
2025-06-01
Internet Software and Services Longtail Ad Solutions, Inc. (dba JW Player)
—
Warrants Common Stock
$317.0K
$47.0K
$270.0K
——
2029-12-12
Circadence Corporation
Application Software
Warrants Success fee
$302.0K
$304.0K
-$2.0K
——
—
Healthcare Technology SetPoint Medical Corporation
—
Warrants Series B Preferred Stock
$300.0K
$74.0K
$226.0K
——
2032-12-29
System Software Dejero Labs Inc.
—
Warrants Common Stock
$254.0K
$192.0K
$62.0K
——
2029-05-31
Aria Systems, Inc.
Application Software
Equity Series G Preferred Stock
$250.0K
$250.0K
$0.00
——
—
Circadence Corporation
Application Software
Warrants Series A-6 Preferred Stock
$229.0K
$3.63M
-$3.40M
——
2028-12-20
Internet & Direct Marketing Retail Madison Reed, Inc.
—
Warrants Success fee
$218.0K
$209.0K
$9.0K
——
—
Human Resource & Employment Services CloudPay, Inc.
—
Warrants Series D Preferred Stock
$209.0K
$176.0K
$33.0K
——
2032-09-26
Electronic Equipment & Instruments Brivo, Inc.
—
Warrants Series A-2 Preferred Stock
$207.0K
$99.0K
$108.0K
——
2032-10-20
Healthcare Technology VERO Biotech LLC
—
Warrants Success Fee
$205.0K
$377.0K
-$172.0K
——
2025-12-29
Healthcare Technology SetPoint Medical Corporation
—
Warrants Series B Preferred Stock
$200.0K
$14.0K
$186.0K
——
2031-06-29
Technology Hardware, Storage & Peripherals Quantum Corporation
—
Equity Common Stock
$188.0K
$2.61M
-$2.42M
——
—
Blueshift Labs, Inc.
Application Software
Warrants Success fee
$168.0K
$167.0K
$1.0K
——
—
Internet Software and Services Synack, Inc.
—
Warrants Common Stock
$167.0K
$147.0K
$20.0K
——
2032-06-30
Human Resource & Employment Services CloudPay, Inc.
—
Warrants Series D Preferred Stock
$140.0K
$52.0K
$88.0K
——
2031-08-17
Advertising Minute Media Inc.
—
Equity Preferred Stock
$119.0K
$119.0K
$0.00
——
—
Technology Hardware, Storage & Peripherals RealWear, Inc.
—
Warrants Series A Preferred Stock
$117.0K
$136.0K
-$19.0K
——
2028-10-05
Internet Software and Services Bombora, Inc.
—
Warrants Common Stock
$116.0K
$174.0K
-$58.0K
——
2031-03-31
Coginiti Corp,
Application Software
Equity Common Stock
$112.0K
$4.55M
-$4.44M
——
—
Data Processing & Outsourced Services ShareThis, Inc.
—
Warrants Series D-3 Preferred Stock
$105.0K
$2.16M
-$2.06M
——
2028-12-03
Healthcare Technology Nalu Medical, Inc.
—
Warrants Series D-2 Preferred Stock
$104.0K
$173.0K
-$69.0K
——
2032-10-12
Property & Casualty Insurance Kin Insurance, Inc.
—
Warrants Series D-3 Preferred Stock
$103.0K
$69.0K
$34.0K
——
2032-09-26
Healthcare Equipment Moximed, Inc.
—
Warrants Series C Preferred Stock
$96.0K
$175.0K
-$79.0K
——
2032-06-24
Asset Management & Custody Banks Betterment Holdings, Inc.
—
Warrants Common Stock
$86.0K
$40.0K
$46.0K
——
2033-10-06
Coginiti Corp
Application Software
Warrants Common Stock
$85.0K
—
—
——
2030-03-09
Property & Casualty Insurance Kin Insurance, Inc.
—
Warrants Series D-3 Preferred Stock
$82.0K
$55.0K
$27.0K
——
2032-09-26
Internet & Direct Marketing Retail Marley Spoon SE
—
Equity Common Stock
$76.0K
$410.0K
-$334.0K
——
—
Technology Hardware, Storage & Peripherals RealWear, Inc.
—
Warrants Series A Preferred Stock
$74.0K
$381.0K
-$307.0K
——
2029-06-27
Circadence Corporation
Application Software
Warrants Series A-6 Preferred Stock
$57.0K
$846.0K
-$789.0K
——
2029-10-31
Internet Software and Services Bombora, Inc.
—
Warrants Common Stock
$46.0K
$42.0K
$4.0K
——
2033-12-26
Healthcare Equipment Revelle Aesthetics, Inc.
—
Warrants Series A-2 Preferred Stock
$27.0K
$126.0K
-$99.0K
——
2032-03-30
FiscalNote, Inc.
Application Software
Warrants Earnout
$21.0K
$127.0K
-$106.0K
——
2027-07-29
Biotechnology Mustang Bio, Inc.
—
Warrants Common Stock
$20.0K
$315.0K
-$295.0K
——
2032-03-04
Advertising Minute Media Inc.
—
Equity Common Stock
$16.0K
$16.0K
$0.00
——
—
Data Processing & Outsourced Services Interactions Corporation
—
Warrants Common Stock
$16.0K
$219.0K
-$203.0K
——
2032-06-24
Technology Hardware, Storage & Peripherals RealWear, Inc.
—
Warrants Series A Preferred Stock
$13.0K
$25.0K
-$12.0K
——
2028-12-28
Healthcare Technology Allurion Technologies, Inc.
—
Warrants Common Stock
$6.0K
$282.0K
-$276.0K
——
2031-03-30
Biotechnology TRACON Pharmaceuticals, Inc.
—
Warrants Common Stock
$5.0K
$226.0K
-$221.0K
——
2032-09-02
Healthcare Technology Allurion Technologies, Inc.
—
Warrants Earnout
$3.0K
—
—
——
2028-08-01
Healthcare Technology Allurion Technologies, Inc.
—
Warrants Common Stock
$1.0K
$141.0K
-$140.0K
——
2031-03-30
Healthcare Technology Allurion Technologies, Inc.
—
Warrants Common Stock
$1.0K
$144.0K
-$143.0K
——
2032-09-15
3DNA Corp. (dba NationBuilder)
Application Software
Warrants Series C-1 Preferred Stock
$0.00
$104.0K
-$104.0K
——
2028-12-28
Computer & Electronics Retail Massdrop, Inc.
—
Warrants Series B Preferred Stock
$0.00
$183.0K
-$183.0K
——
2029-07-22
Healthcare Technology Mingle Healthcare Solutions, Inc.
—
Warrants Series CC Preferred Stock
$0.00
$492.0K
-$492.0K
——
2028-08-15
Human Resource & Employment Services 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
Technology Hardware, Storage & Peripherals zSpace, Inc.
—
Equity Common Stock
$0.00
$1.12M
-$1.12M
——
—
Disclosed holdings FV
$1.06B
Parsed holdings FV
$1.06B
Residual gap
$71.0K
Balance-sheet cash
$8.81M
CIK
0001653384
Accession
0000950170-24-093857
Form type
10-Q
Period
2024-06-30