RWAY
Runway Growth Finance
Portfolio Fair Value
$1.01B
90 holdings
Avg Spread
+6.71%
FV-weighted, debt
Avg Coupon
—
FV-weighted
% First Lien
93.7%
of debt FV
Unrealized P/L
-$33.95M
-3.25% of cost
Non-Accrual
0
text-detected
Balance sheet
Assets$1.03B
Liabilities + Equity$1.03B
First Lien
$947.51M · 91.6%
First Lien
$947.51M · 91.6%
Equity
$45.71M · 4.4%
Other
$17.70M · 1.7%
Cash & Equivalents
$14.95M · 1.4%
Other Assets
$8.32M · 0.8%
Debt (Borrowings)
$440.99M · 42.6%
Debt (Borrowings)
$440.99M · 42.6%
Other Liabilities
$22.71M · 2.2%
Net Assets (Equity)
$570.49M · 55.2%
Net Assets (Equity)
$570.49M · 55.2%
Industry Composition
Unclassified
95.0%
Series A-2
2.2%
Interest Rate SOFR+5.00%, 5.50 floor, 5.00% PIK, 3.00% ETP Initial Acquisition Date 12/22/2021 Maturity Date 12/22/2025
1.4%
11% Series A Cumulative Redeemable Perpetual
1.1%
Application Software
0.3%
Series G
0.0%
Spread Distribution
2.5%
4.0%
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
90 of 147
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Term Loans Application Software VTX Intermediate Holdings, Inc. (dba VertexOne) Interest Rate SOFR+9.00%, 9.50% floor, 10.00% cash cap, 4.50% ETP Initial Acquisition Date 12/28/2021 Maturity Date 12/28/2026 | — | Senior Secured | $86.70M | $87.52M | -$822.0K | — | +9.00% | 2026-12-28 |
Term Loans Human Resource & Employment Services CloudPay, Inc. Interest Rate PRIME+6.25%, 10.25% floor, 2.00% ETP Initial Acquisition Date 9/26/2022 Maturity Date 8/17/2027 | — | Senior Secured | $74.85M | $74.85M | $0.00 | — | +6.25% | 2027-08-17 |
Term Loans Property & Casualty Insurance Kin Insurance, Inc. Interest Rate PRIME+6.25%, 12.50% floor, 3.00% ETP Initial Acquisition Date 9/26/2022 Maturity Date 9/15/2026 | — | Senior Secured | $74.62M | $74.62M | $0.00 | — | +6.25% | 2026-09-15 |
Term Loans System Software 3PL Central LLC Interest Rate SOFR+4.50%, 6.50 floor, 2.50% PIK, 2.00% ETP Initial Acquisition Date 11/9/2022 Maturity Date 11/9/2027 | — | Senior Secured | $69.52M | $69.52M | $0.00 | — | +4.50% | 2027-11-09 |
Term Loans Application Software FiscalNote, Inc. Interest Rate PRIME+5.00%, 9.00% floor, 1.00% PIK, 5.75% ETP Initial Acquisition Date 10/19/2020 Maturity Date 7/15/2027 | — | Senior Secured | $64.40M | $65.48M | -$1.09M | — | +5.00% | 2027-07-15 |
Term Loans Electronic Equipment & Instruments Brivo,Inc. Interest Rate SOFR+6.85%, 10.89% floor, 25% of interest PIK, 3.00% ETP Initial Acquisition Date 10/20/2022 Maturity Date 10/20/2027 | — | Senior Secured | $51.28M | $49.44M | $1.84M | — | +6.85% | 2027-10-20 |
Term Loans Internet & Direct Marketing Retail Marley Spoon SE Interest Rate SOFR+7.50%, 8.26% floor,PIK, 9.26% floor Initial Acquisition Date 6/30/2021 Maturity Date 6/15/2026 | — | Senior Secured | $44.72M | $44.68M | $45.0K | — | +7.50% | 2026-06-15 |
Term Loans Health Care Technology VERO Biotech LLC Interest Rate SOFR+9.05%, 9.55% floor, 3.00% ETP Initial Acquisition Date 12/29/2020 Maturity Date 12/1/2024 | — | Senior Secured | $40.64M | $40.77M | -$124.0K | — | +9.05% | 2024-12-01 |
Term Loans Data Processing & Outsourced Services Interactions Corporation Interest Rate SOFR+9.26%, 9.76% floor, 3.4375% ETP Initial Acquisition Date 6/24/2022 Maturity Date 6/15/2027 | — | Senior Secured | $39.80M | $39.80M | $0.00 | — | +9.26% | 2027-06-15 |
Term Loans Health Care Technology EBR Systems, Inc. Interest Rate PRIME+4.90%, 8.90% floor, 4.50% ETP Initial Acquisition Date 6/30/2022 Maturity Date 6/15/2027 | — | Senior Secured | $39.37M | $39.37M | $0.00 | — | +4.90% | 2027-06-15 |
Term Loans Human Resource & Employment Services Snagajob.com, Inc. Interest Rate SOFR+8.50%, 9.00% floor, 50% of interest PIK, 2.75% ETP Initial Acquisition Date 9/29/2021 Maturity Date 9/1/2025 | — | Senior Secured | $37.16M | $39.65M | -$2.49M | — | +8.50% | 2025-09-01 |
Term Loans Internet Software and Services Synack, Inc. Interest Rate PRIME+4.25%, 8.25% floor Initial Acquisition Date 6/30/2022 Maturity Date 6/30/2027 | — | Senior Secured | $36.45M | $36.45M | $0.00 | — | +4.25% | 2027-06-30 |
Term Loans Internet Software and Services Skillshare, Inc. Interest Rate SOFR+6.50%, 10.72% floor, 3.00% ETP Initial Acquisition Date 11/8/2022 Maturity Date 11/8/2026 | — | Senior Secured | $29.64M | $29.64M | $0.00 | — | +6.50% | 2026-11-08 |
Term Loans Education Services Turning Tech Intermediate, Inc. (dba Echo 360, Inc.) Interest Rate SOFR+8.50%, 9.00% floor, 13.00% cash cap, 3.00% ETP Initial Acquisition Date 6/22/2021 Maturity Date 12/14/2025 | — | Senior Secured | $25.59M | $25.59M | $0.00 | — | +8.50% | 2025-12-14 |
Term Loans Health Care Technology SetPoint Medical Corporation Interest Rate SOFR+5.75%, 9.00% floor, 4.00% ETP Initial Acquisition Date 12/29/2022 Maturity Date 12/1/2027 | — | Senior Secured | $24.96M | $24.96M | $0.00 | — | +5.75% | 2027-12-01 |
Term Loans Data Processing & Outsourced Services Vesta Payment Solutions, Inc. Interest Rate SOFR+7.00%, 9.00% floor, 3.00% ETP Initial Acquisition Date 11/29/2022 Maturity Date 11/15/2026 | — | Senior Secured | $24.70M | $24.70M | $0.00 | — | +7.00% | 2026-11-15 |
Term Loans Health Care Technology Gynesonics, Inc. SOFR+8.75%, 8.00% ceiling, 5.00% ETP Initial Acquisition Date 3/1/2023 Maturity Date 11/30/2026 | — | Senior Secured | $23.64M | $25.82M | -$2.18M | — | +8.75% | 2026-11-30 |
Term Loans Internet Software and Services Bombora, Inc. Interest Rate SOFR+5.00%, 5.76% floor, 3.75% PIK, 2.00% ETP Initial Acquisition Date 3/31/2021 Maturity Date 3/31/2025 | — | Senior Secured | $22.11M | $22.11M | $0.00 | — | +5.00% | 2025-03-31 |
Preferred Stocks Health Care Technology Gynesonics, Inc. | Series A-2 | Preferred Stock | $21.81M | $25.00M | -$3.19M | — | — | — |
Term Loans Health Care Technology Nalu Medical, Inc. Interest Rate PRIME+2.70%, 6.70% floor, 2.00% PIK, 4.50% ETP Initial Acquisition Date 10/12/2022 Maturity Date 10/12/2027 | — | Senior Secured | $20.24M | $20.24M | $0.00 | — | +2.70% | 2027-10-12 |
Term Loans Data Processing & Outsourced Services ShareThis, Inc. Interest Rate SOFR+9.25%, 11.86% floor, 3.00% ETP Initial Acquisition Date 12/3/2018 Maturity Date 7/15/2025 | — | Senior Secured | $20.16M | $20.75M | -$589.0K | — | +9.25% | 2025-07-15 |
Term Loans Data Processing & Outsourced Services Elevate Services, Inc. Interest Rate SOFR+7.50%, 12.78% floor, Initial Acquisition Date 7/10/2023 Maturity Date 7/10/2027 | — | Senior Secured | $19.39M | $19.39M | $0.00 | — | +7.50% | 2027-07-10 |
Term Loans Application Software Circadence Corporation Interest Rate SOFR+9.50% PIK, 12.26% floor, 7.50% ETP Initial Acquisition Date 12/20/2018 Maturity Date 12/15/2023 | — | Senior Secured | $19.08M | $23.63M | -$4.55M | — | — | 2023-12-15 |
Term Loans Health Care Technology Route 92 Medical, Inc. Interest Rate SOFR+8.48%, 8.98% floor, 3.95% ETP Initial Acquisition Date 8/17/2021 Maturity Date 7/1/2026 | — | Senior Secured | $16.27M | $16.27M | $0.00 | — | +8.48% | 2026-07-01 |
Term Loans Health Care Equipment Moximed, Inc. Interest Rate PRIME+5.25%, 8.75% floor, 3.50% ETP Initial Acquisition Date 6/24/2022 Maturity Date 7/1/2027 | — | Senior Secured | $14.88M | $14.88M | $0.00 | — | +5.25% | 2027-07-01 |
Second Lien Term Loans System Software Dejero Labs Inc. | Interest Rate SOFR+5.00%, 5.50 floor, 5.00% PIK, 3.00% ETP Initial Acquisition Date 12/22/2021 Maturity Date 12/22/2025 | — | $14.18M | $14.18M | $0.00 | — | +5.00% | 2025-12-22 |
Term Loans Data Processing & Outsourced Services Pivot3, Inc. LIBOR+8.50% PIK, 11.00% floor, 4.00% ETP Initial Acquisition Date 5/13/2019 Maturity Date 10/15/2023 | — | Senior Secured | $11.61M | $17.96M | -$6.35M | — | — | 2023-10-15 |
Preferred Stocks Health Care Technology CareCloud, Inc. | 11% Series A Cumulative Redeemable Perpetual | Preferred Stock | $11.22M | $12.13M | -$913.0K | — | — | — |
Term Loans Internet & Direct Marketing Retail Madison Reed, Inc. Interest Rate PRIME+4.75%, 11.00% floor, 11.00% cash cap, 3.00% ETP Initial Acquisition Date 12/16/2022 Maturity Date 12/16/2026 | — | Senior Secured | $10.69M | $10.69M | $0.00 | — | +4.75% | 2026-12-16 |
Term Loans Health Care Technology Mingle Healthcare Solutions, Inc. Interest Rate SOFR+9.50%, 12.01% floor, .25% PIK, 10.50% ETP Initial Acquisition Date 8/15/2018 Maturity Date 12/15/2023 | — | Senior Secured | $4.06M | $4.95M | -$889.0K | — | +9.50% | 2023-12-15 |
Aria Systems, Inc. Series G Preferred Stock Initial Acquisition Date 6/29/2018 Maturity Date 6/29/2028 | Application Software | — | $1.91M | $1.05M | $861.0K | — | — | 2028-06-29 |
— | Warrants | $1.13M | $522.0K | $604.0K | — | — | 2029-07-26 | |
— | Warrants | $1.08M | $2.16M | -$1.08M | — | — | 2028-12-03 | |
— | Warrants | $1.01M | $218.0K | $788.0K | — | — | 2030-06-30 | |
Term Loans Data Processing & Outsourced Services ShareThis, Inc. Interest Rate SOFR+8.25%, 10.86% floor, 3.00% ETP Initial Acquisition Date 8/18/2020 Maturity Date 7/15/2025 | — | Senior Secured | $960.0K | $990.0K | -$30.0K | — | +8.25% | 2025-07-15 |
Common Stocks Application Software Coginiti Corp | — | Common Stock | $887.0K | $4.55M | -$3.66M | — | — | — |
Coginiti Corp Common Stock Initial Acquisition Date 3/9/2020 Maturity Date 3/9/2030 | Application Software | — | $859.0K | — | — | — | — | 2030-03-09 |
— | Warrants | $616.0K | $605.0K | $11.0K | — | — | 2032-06-30 | |
— | Warrants | $491.0K | $377.0K | $114.0K | — | — | 2025-12-29 | |
— | Warrants | $489.0K | $505.0K | -$16.0K | — | — | 2024-12-17 | |
Common Stocks Application Software FiscalNote, Inc. | — | Common Stock | $480.0K | $438.0K | $42.0K | — | — | — |
— | Warrants | $467.0K | $343.0K | $124.0K | — | — | 2031-08-17 | |
— | Warrants | $432.0K | $302.0K | $130.0K | — | — | 2032-09-26 | |
— | Warrants | $423.0K | $447.0K | -$24.0K | — | — | 2033-07-10 | |
Dtex Systems, Inc. Series C-Prime Preferred Stock Initial Acquisition Date 7/11/2019 Maturity Date 7/11/2026 | Application Software | — | $392.0K | $115.0K | $277.0K | — | — | 2026-07-11 |
— | Warrants | $389.0K | $425.0K | -$36.0K | — | — | 2030-01-07 | |
— | Warrants | $354.0K | $99.0K | $255.0K | — | — | 2032-10-20 | |
— | Warrants | $350.0K | $47.0K | $303.0K | — | — | 2029-12-12 | |
— | Warrants | $343.0K | $301.0K | $42.0K | — | — | 2026-11-08 | |
— | Warrants | $340.0K | $313.0K | $27.0K | — | — | 2030-03-01 | |
Common Stocks Internet & Direct Marketing Retail Marley Spoon SE | — | Common Stock | $316.0K | $410.0K | -$94.0K | — | — | — |
— | Warrants | $307.0K | $381.0K | -$74.0K | — | — | 2029-06-27 | |
Common Stocks Technology Hardware, Storage & Peripherals Quantum Corporation | — | Common Stock | $280.0K | $2.61M | -$2.33M | — | — | — |
— | Warrants | $279.0K | $136.0K | $143.0K | — | — | 2028-10-05 | |
— | Warrants | $238.0K | $74.0K | $164.0K | — | — | 2032-12-29 | |
Dtex Systems, Inc. Series C-Prime Preferred Stock Initial Acquisition Date 6/1/2018 Maturity Date 6/1/2025 | Application Software | — | $235.0K | $59.0K | $176.0K | — | — | 2025-06-01 |
Preferred Stocks Application Software Aria Systems, Inc. | Series G | Preferred Stock | $231.0K | $250.0K | -$19.0K | — | — | — |
— | Warrants | $230.0K | $192.0K | $38.0K | — | — | 2029-05-31 | |
— | Warrants | $169.0K | $160.0K | $9.0K | — | — | 2031-08-17 | |
— | Warrants | $158.0K | $14.0K | $144.0K | — | — | 2031-06-29 | |
— | Warrants | $157.0K | $175.0K | -$18.0K | — | — | 2032-06-24 | |
— | Warrants | $153.0K | $143.0K | $10.0K | — | — | — | |
— | Warrants | $121.0K | $129.0K | -$8.0K | — | — | 2032-06-30 | |
— | Warrants | $113.0K | $219.0K | -$106.0K | — | — | 2032-06-24 | |
— | Warrants | $112.0K | — | — | — | — | 2028-08-01 | |
— | Warrants | $108.0K | $175.0K | -$67.0K | — | — | 2031-03-31 | |
— | Warrants | $102.0K | $126.0K | -$24.0K | — | — | 2032-03-30 | |
— | Warrants | $81.0K | $173.0K | -$92.0K | — | — | 2032-10-12 | |
— | Warrants | $73.0K | $68.0K | $5.0K | — | — | 2033-06-30 | |
Circadence Corporation Series A-6 Preferred Stock Initial Acquisition Date 12/20/2018 Maturity Date 12/20/2028 | Application Software | — | $70.0K | $3.63M | -$3.56M | — | — | 2028-12-20 |
— | Warrants | $66.0K | $315.0K | -$249.0K | — | — | 2032-03-04 | |
— | Warrants | $56.0K | $25.0K | $31.0K | — | — | 2028-12-28 | |
FiscalNote, Inc. Earnout Initial Acquisition Date 7/29/2022 Maturity Date 7/29/2027 | Application Software | — | $45.0K | $127.0K | -$82.0K | — | — | 2027-07-29 |
— | Warrants | $36.0K | $282.0K | -$246.0K | — | — | 2025-01-22 | |
Circadence Corporation Series A-6 Preferred Stock Initial Acquisition Date 10/31/2019 Maturity Date 10/31/2029 | Application Software | — | $17.0K | $845.0K | -$828.0K | — | — | 2029-10-31 |
— | Warrants | $12.0K | $226.0K | -$214.0K | — | — | 2032-09-02 | |
— | Warrants | $2.0K | $141.0K | -$139.0K | — | — | 2025-01-22 | |
— | Warrants | $2.0K | $144.0K | -$142.0K | — | — | 2025-01-22 | |
— | Warrants | $0.00 | $246.0K | -$246.0K | — | — | 2027-06-30 | |
— | Warrants | $0.00 | $183.0K | -$183.0K | — | — | 2029-07-22 | |
— | Warrants | $0.00 | $492.0K | -$492.0K | — | — | 2028-08-15 | |
— | Warrants | $0.00 | $343.0K | -$343.0K | — | — | 2031-09-29 | |
— | Warrants | $0.00 | $79.0K | -$79.0K | — | — | 2032-03-25 | |
— | Warrants | $0.00 | $69.0K | -$69.0K | — | — | 2033-05-05 | |
— | Warrants | $0.00 | $55.0K | -$55.0K | — | — | 2033-08-25 | |
— | Warrants | $0.00 | $1.05M | -$1.05M | — | — | 2027-09-01 | |
— | Warrants | $0.00 | $697.0K | -$697.0K | — | — | 2028-10-17 | |
— | Warrants | $0.00 | $346.0K | -$346.0K | — | — | 2029-03-29 | |
3DNA Corp. (dba NationBuilder) Series C-1 Preferred Stock Initial Acquisition Date 12/28/2018 Maturity Date 12/28/2028 | Application Software | — | $0.00 | $104.0K | -$104.0K | — | — | 2028-12-28 |
Common Stocks Technology Hardware, Storage & Peripherals zSpace, Inc. | — | Common Stock | $0.00 | $1.12M | -$1.12M | — | — | — |
Disclosed holdings FV
$1.01B
Parsed holdings FV
$1.01B
Residual gap
$0.00
Balance-sheet cash
$14.95M
CIK
0001653384
Accession
0000950170-23-060207
Form type
10-Q
Period
2023-09-30