RWAY
Runway Growth Finance
Portfolio Fair Value
$1.07B
101 holdings
Avg Spread
+6.62%
FV-weighted, debt
Avg Coupon
—
FV-weighted
% First Lien
84.3%
of debt FV
Unrealized P/L
-$39.95M
-3.61% of cost
Non-Accrual
0
text-detected
Balance sheet
Assets$1.08B
Liabilities + Equity$1.08B
First Lien
$899.19M · 83.3%
First Lien
$899.19M · 83.3%
Second Lien
$14.40M · 1.3%
Equity
$46.37M · 4.3%
Other
$107.04M · 9.9%
Cash & Equivalents
$2.97M · 0.3%
Other Assets
$9.17M · 0.9%
Debt (Borrowings)
$510.08M · 47.3%
Debt (Borrowings)
$510.08M · 47.3%
Other Liabilities
$22.00M · 2.0%
Net Assets (Equity)
$547.07M · 50.7%
Net Assets (Equity)
$547.07M · 50.7%
Industry Composition
Unclassified
77.3%
Application Software
16.5%
U.S. Treasury
3.9%
Investment Type Senior Secured Interest Rate SOFR+6.25%, 11.25% floor, 2.00% PIK, 1.50% ETP Initial Acquisition Date 12/19/2023 Maturity Date 12/15/2028
2.4%
Spread Distribution
2.5%
3.0%
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
101 of 162
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
VTX Intermediate Holdings, Inc. (dba VertexOne) | Application Software | Senior Secured | $87.81M | $88.75M | -$933.0K | — | +9.00% | 2026-12-28 |
Human Resource & Employment Services CloudPay, Inc. | — | Senior Secured | $75.47M | $74.94M | $526.0K | — | +6.25% | 2027-08-17 |
Property & Casualty Insurance Kin Insurance, Inc. | — | Senior Secured | $74.77M | $74.88M | -$110.0K | — | +6.25% | 2026-09-15 |
System Software 3PL Central LLC | — | Senior Secured | $69.07M | $70.06M | -$998.0K | — | +4.50% | 2027-11-09 |
FiscalNote, Inc. | Application Software | Senior Secured | $64.61M | $65.87M | -$1.25M | — | +5.00% | 2027-07-15 |
Internet & Direct Marketing Retail Marley Spoon SE | — | Senior Secured | $44.46M | $44.84M | -$374.0K | — | +7.50% | 2026-06-15 |
U.S. Treasury U.S. Treasury Bill, 4.324% Initial Acquisition Date 12/29/2023 Maturity Date 1/4/2024 | U.S. Treasury | — | $42.00M | $42.01M | -$15.0K | — | — | 2024-01-04 |
Health Care Technology EBR Systems, Inc. | — | Senior Secured | $40.34M | $39.50M | $841.0K | — | +4.90% | 2027-06-15 |
Debt Investments Data Processing & Outsourced Services Interactions Corporation Investment Type Senior Secured Interest Rate SOFR+9.26%, 9.76% floor, 3.4375% ETP Initial Acquisition Date 6/24/2022 Maturity Date 6/15/2027 | — | — | $39.95M | $39.91M | $38.0K | — | +9.26% | 2027-06-15 |
Internet Software and Services Synack, Inc. | — | Senior Secured | $39.76M | $39.76M | $0.00 | — | +7.00% | 2028-12-29 |
Human Resource & Employment Services Snagajob.com, Inc. | — | Senior Secured | $36.54M | $41.17M | -$4.63M | — | — | 2025-09-01 |
Health Care Technology Route 92 Medical, Inc. | — | Senior Secured | $35.44M | $34.24M | $1.20M | — | +8.48% | 2026-07-01 |
System Software Linxup, LLC | — | Senior Secured | $29.49M | $29.49M | $0.00 | — | +3.25% | 2027-11-15 |
Internet Software and Services Skillshare, Inc. | — | Senior Secured | $29.18M | $29.77M | -$582.0K | — | +6.50% | 2026-11-08 |
Internet Software and Services Bombora, Inc. | — | Senior Secured | $27.88M | $27.88M | $0.00 | — | +4.75% | 2028-01-15 |
Electronic Equipment & Instruments Brivo, Inc. | — | Senior Secured | $26.79M | $26.32M | $467.0K | — | +6.85% | 2027-10-20 |
Education Services Turning Tech Intermediate, Inc. (dba Echo 360, Inc.) | — | Senior Secured | $25.80M | $25.70M | $94.0K | — | +8.50% | 2025-12-14 |
Health Care Technology SetPoint Medical Corporation | — | Senior Secured | $25.45M | $25.01M | $436.0K | — | +5.75% | 2027-12-01 |
Debt Investments Application Software Blueshift Labs, Inc. | Investment Type Senior Secured Interest Rate SOFR+6.25%, 11.25% floor, 2.00% PIK, 1.50% ETP Initial Acquisition Date 12/19/2023 Maturity Date 12/15/2028 | — | $25.08M | $25.08M | $0.00 | — | +6.25% | 2028-12-15 |
Data Processing & Outsourced Services Vesta Payment Solutions, Inc. | — | Senior Secured | $24.37M | $24.77M | -$399.0K | — | +7.00% | 2026-11-15 |
Health Care Technology Gynesonics, Inc. | — | Senior Secured SOFR+8.75%, 8.00% ceiling, 5.00% ETP | $23.59M | $25.90M | -$2.31M | — | +8.75% | 2026-11-30 |
Health Care Technology Gynesonics, Inc. | — | Equity Series A-2 Preferred Stock | $21.46M | $25.00M | -$3.54M | — | — | — |
Health Care Technology Nalu Medical, Inc. | — | Senior Secured | $21.19M | $20.39M | $796.0K | — | +2.70% | 2027-10-12 |
Data Processing & Outsourced Services ShareThis, Inc. | — | Senior Secured | $19.89M | $20.50M | -$608.0K | — | +9.25% | 2024-09-30 |
Data Processing & Outsourced Services Elevate Services, Inc. | — | Senior Secured | $19.42M | $19.42M | $0.00 | — | +7.50% | 2027-07-10 |
Circadence Corporation | Application Software | Senior Secured | $19.03M | $24.28M | -$5.25M | — | +9.50% | 2024-03-15 |
Health Care Equipment Moximed, Inc. | — | Senior Secured | $15.28M | $14.92M | $365.0K | — | +5.25% | 2027-07-01 |
System Software Dejero Labs Inc. | — | Second Lien | $14.40M | $14.28M | $121.0K | — | +8.00% | 2025-12-22 |
Internet & Direct Marketing Retail Madison Reed, Inc. | — | Senior Secured | $10.85M | $10.78M | $63.0K | — | +4.75% | 2026-12-16 |
Asset Management & Custody Banks Betterment Holdings, Inc. | — | Senior Secured | $7.86M | $7.89M | -$28.0K | — | +4.50% | 2027-10-06 |
Health Care Technology Gynesonics, Inc. | — | Equity Series A-1 Preferred Stock | $4.58M | $3.10M | $1.48M | — | — | — |
Health Care Technology Mingle Healthcare Solutions, Inc. | — | Senior Secured | $3.79M | $4.95M | -$1.16M | — | +9.75% | 2026-12-15 |
Health Care Technology CareCloud, Inc. | — | Equity 11% Series A Cumulative Redeemable Perpetual Preferred Stock | $3.55M | $12.13M | -$8.58M | — | — | — |
Human Resource & Employment Services Snagajob.com, Inc. | — | Equity Convertible Note | $1.36M | $1.36M | $0.00 | — | — | 2026-12-31 |
Aria Systems, Inc. | Application Software | Warrants Series G Preferred Stock | $1.05M | $1.05M | $0.00 | — | — | 2028-06-29 |
Human Resource & Employment Services CloudPay, Inc. | — | Warrants Series B Preferred Stock | $1.00M | $218.0K | $783.0K | — | — | 2030-06-30 |
Data Processing & Outsourced Services Pivot3, Inc. | — | Equity Equity Interest | $950.0K | $950.0K | $0.00 | — | — | — |
Data Processing & Outsourced Services ShareThis, Inc. | — | Senior Secured | $947.0K | $978.0K | -$31.0K | — | +8.25% | 2024-09-30 |
Health Care Technology Route 92 Medical, Inc. | — | Warrants Success Fee | $897.0K | $835.0K | $62.0K | — | — | 2031-08-17 |
Coginiti Corp, | Application Software | Equity Common Stock | $856.0K | $4.55M | -$3.69M | — | — | — |
Data Processing & Outsourced Services ShareThis, Inc. | — | Warrants Series D-3 Preferred Stock | $803.0K | $2.16M | -$1.36M | — | — | 2028-12-03 |
Internet Software and Services INRIX, Inc. | — | Warrants Common Stock | $735.0K | $522.0K | $213.0K | — | — | 2029-07-26 |
Health Care Technology EBR Systems, Inc. | — | Warrants Success fee | $690.0K | $605.0K | $85.0K | — | — | 2032-06-30 |
Coginiti Corp | Application Software | Warrants Common Stock | $663.0K | — | — | — | — | 2030-03-09 |
Electronic Equipment & Instruments Epic IO Technologies, Inc. | — | Warrants Success fee | $423.0K | $505.0K | -$82.0K | — | — | 2028-12-17 |
Health Care Technology VERO Biotech LLC | — | Warrants Success Fee | $396.0K | $377.0K | $19.0K | — | — | 2025-12-29 |
Dtex Systems, Inc. | Application Software | Warrants Series C-Prime Preferred Stock | $389.0K | $115.0K | $274.0K | — | — | 2026-07-11 |
Data Processing & Outsourced Services Elevate Services, Inc. | — | Warrants Series C Preferred Stock | $384.0K | $447.0K | -$63.0K | — | — | 2033-07-10 |
Specialized Consumer Services Credit Sesame, Inc. | — | Warrants Common Stock | $373.0K | $425.0K | -$52.0K | — | — | 2030-01-07 |
Electronic Equipment & Instruments Brivo, Inc. | — | Warrants Series A-2 Preferred Stock | $322.0K | $98.0K | $224.0K | — | — | 2032-10-20 |
Internet Software and Services Longtail Ad Solutions, Inc. (dba JW Player) | — | Warrants Common Stock | $321.0K | $47.0K | $274.0K | — | — | 2029-12-12 |
Health Care Technology Gynesonics, Inc. | — | Warrants Success Fee | $313.0K | $313.0K | $0.00 | — | — | 2030-03-01 |
Internet Software and Services Skillshare, Inc. | — | Warrants Success Fee | $294.0K | $301.0K | -$7.0K | — | — | 2026-11-08 |
System Software Linxup, LLC | — | Warrants Success Fee | $294.0K | $253.0K | $41.0K | — | — | 2033-11-03 |
Property & Casualty Insurance Kin Insurance, Inc. | — | Warrants Series D-3 Preferred Stock | $292.0K | $302.0K | -$10.0K | — | — | 2032-09-26 |
Circadence Corporation | Application Software | Warrants Success fee | $283.0K | $304.0K | -$21.0K | — | — | — |
System Software Dejero Labs Inc. | — | Warrants Common Stock | $268.0K | $192.0K | $76.0K | — | — | 2029-05-31 |
FiscalNote, Inc. | Application Software | Equity Common Stock | $263.0K | $438.0K | -$175.0K | — | — | — |
Dtex Systems, Inc. | Application Software | Warrants Series C-Prime Preferred Stock | $233.0K | $59.0K | $174.0K | — | — | 2025-06-01 |
Health Care Technology SetPoint Medical Corporation | — | Warrants Series B Preferred Stock | $199.0K | $74.0K | $125.0K | — | — | 2032-12-29 |
Technology Hardware, Storage & Peripherals RealWear, Inc. | — | Warrants Series A Preferred Stock | $196.0K | $381.0K | -$185.0K | — | — | 2029-06-27 |
Technology Hardware, Storage & Peripherals RealWear, Inc. | — | Warrants Series A Preferred Stock | $178.0K | $136.0K | $42.0K | — | — | 2028-10-05 |
Blueshift Labs, Inc. | Application Software | Warrants Success fee | $167.0K | $167.0K | $0.00 | — | — | — |
Technology Hardware, Storage & Peripherals Quantum Corporation | — | Equity Common Stock | $160.0K | $2.61M | -$2.45M | — | — | — |
Internet & Direct Marketing Retail Madison Reed, Inc. | — | Warrants Success fee | $154.0K | $143.0K | $11.0K | — | — | — |
Internet Software and Services Synack, Inc. | — | Warrants Common Stock | $147.0K | $147.0K | $0.00 | — | — | 2032-06-30 |
Human Resource & Employment Services CloudPay, Inc. | — | Warrants Series D Preferred Stock | $143.0K | $176.0K | -$33.0K | — | — | 2032-09-26 |
Health Care Equipment Moximed, Inc. | — | Warrants Series C Preferred Stock | $138.0K | $175.0K | -$37.0K | — | — | 2032-06-24 |
Health Care Technology SetPoint Medical Corporation | — | Warrants Series B Preferred Stock | $133.0K | $14.0K | $119.0K | — | — | 2031-06-29 |
Aria Systems, Inc. | Application Software | Equity Series G Preferred Stock | $127.0K | $250.0K | -$123.0K | — | — | — |
Internet & Direct Marketing Retail Marley Spoon SE | — | Equity Common Stock | $125.0K | $410.0K | -$285.0K | — | — | — |
Advertising Minute Media Inc. | — | Equity Preferred Stock | $120.0K | $120.0K | $0.00 | — | — | — |
Internet Software and Services Bombora, Inc. | — | Warrants Common Stock | $104.0K | $174.0K | -$70.0K | — | — | 2031-03-31 |
Health Care Equipment Revelle Aesthetics, Inc. | — | Warrants Series A-2 Preferred Stock | $102.0K | $126.0K | -$24.0K | — | — | 2032-03-30 |
Health Care Technology Nalu Medical, Inc. | — | Warrants Series D-2 Preferred Stock | $99.0K | $173.0K | -$74.0K | — | — | 2032-10-12 |
Human Resource & Employment Services CloudPay, Inc. | — | Warrants Series D Preferred Stock | $95.0K | $52.0K | $43.0K | — | — | 2031-08-17 |
Property & Casualty Insurance Kin Insurance, Inc. | — | Warrants Series D-3 Preferred Stock | $81.0K | $69.0K | $12.0K | — | — | 2032-09-26 |
Health Care Technology Allurion Technologies, Inc. | — | Warrants Earnout | $77.0K | — | — | — | — | 2028-08-01 |
Data Processing & Outsourced Services Interactions Corporation | — | Warrants Common Stock | $67.0K | $219.0K | -$152.0K | — | — | 2032-06-24 |
Property & Casualty Insurance Kin Insurance, Inc. | — | Warrants Series D-3 Preferred Stock | $65.0K | $55.0K | $10.0K | — | — | 2032-09-26 |
Circadence Corporation | Application Software | Warrants Series A-6 Preferred Stock | $48.0K | $3.63M | -$3.58M | — | — | 2028-12-20 |
Internet Software and Services Bombora, Inc. | — | Warrants Common Stock | $41.0K | $43.0K | -$2.0K | — | — | 2033-12-26 |
Biotechnology Mustang Bio, Inc. | — | Warrants Common Stock | $39.0K | $315.0K | -$276.0K | — | — | 2032-03-04 |
Technology Hardware, Storage & Peripherals RealWear, Inc. | — | Warrants Series A Preferred Stock | $36.0K | $25.0K | $11.0K | — | — | 2028-10-05 |
Advertising Minute Media Inc. | — | Equity Common Stock | $16.0K | $16.0K | $0.00 | — | — | — |
FiscalNote, Inc. | Application Software | Warrants Earnout | $16.0K | $127.0K | -$111.0K | — | — | 2027-07-29 |
Asset Management & Custody Banks Betterment Holdings, Inc. | — | Warrants Common Stock | $15.0K | $40.0K | -$25.0K | — | — | 2033-10-06 |
Health Care Technology Allurion Technologies, Inc. | — | Warrants Common Stock | $15.0K | $282.0K | -$267.0K | — | — | 2025-01-22 |
Biotechnology TRACON Pharmaceuticals, Inc. | — | Warrants Common Stock | $12.0K | $226.0K | -$214.0K | — | — | 2032-09-02 |
Circadence Corporation | Application Software | Warrants Series A-6 Preferred Stock | $12.0K | $846.0K | -$834.0K | — | — | 2029-10-31 |
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 |
Health Care Technology Allurion Technologies, Inc. | — | Warrants Common Stock | $0.00 | $141.0K | -$141.0K | — | — | 2025-01-22 |
Health Care Technology Allurion Technologies, Inc. | — | Warrants Common Stock | $0.00 | $144.0K | -$144.0K | — | — | 2025-01-22 |
Health Care 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 Warrant for 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
$1.07B
Parsed holdings FV
$1.07B
Residual gap
$146.0K
Balance-sheet cash
$2.97M
CIK
0001653384
Accession
0000950170-24-027913
Form type
10-K
Period
2023-12-31