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

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