RWAY
Runway Growth Finance
Portfolio Fair Value
$1.10B
89 holdings
Avg Spread
+6.87%
FV-weighted, debt
Avg Coupon
—
FV-weighted
% First Lien
94.0%
of debt FV
Unrealized P/L
-$26.73M
-2.38% of cost
Non-Accrual
0
text-detected
Balance sheet
Assets$1.14B
Liabilities + Equity$1.14B
First Lien
$1.03B · 90.2%
First Lien
$1.03B · 90.2%
Equity
$47.27M · 4.1%
Other
$17.92M · 1.6%
Cash & Equivalents
$37.74M · 3.3%
Other Assets
$8.58M · 0.8%
Debt (Borrowings)
$547.27M · 47.9%
Debt (Borrowings)
$547.27M · 47.9%
Other Liabilities
$20.47M · 1.8%
Net Assets (Equity)
$573.90M · 50.3%
Net Assets (Equity)
$573.90M · 50.3%
Industry Composition
Unclassified
95.2%
Series A-2
2.0%
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
1.3%
11% Series A Cumulative Redeemable Perpetual
1.2%
Application Software
0.4%
Series G
0.0%
Spread Distribution
2.5%
4.0%
4.5%
5.0%
5.5%
6.0%
6.5%
7.0%
8.0%
8.5%
9.0%
9.5%
11.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
89 of 145
| 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 | $85.41M | $86.32M | -$909.0K | — | +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 | $74.76M | $74.76M | $0.00 | — | +6.25% | 2027-08-17 |
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 | $68.48M | $68.48M | $0.00 | — | +4.50% | 2027-11-09 |
Term Loans Application Software FiscalNote, Inc. Interest Rate PRIME+5.00%, 9.00% floor, 1.00% PIK, 4.25% ETP Initial Acquisition Date 10/19/2020 Maturity Date 7/15/2027 | — | Senior Secured | $65.12M | $65.12M | $0.00 | — | +5.00% | 2027-07-15 |
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 | $63.31M | $63.33M | -$14.0K | — | +6.25% | 2026-09-15 |
Term Loans Health Care Technology Allurion Technologies, Inc. Interest Rate PRIME+6.44%, 9.50% floor, 3.00% ETP Initial Acquisition Date 12/30/2021 Maturity Date 12/30/2026 | — | Senior Secured | $57.68M | $54.90M | $2.78M | — | +6.44% | 2026-12-30 |
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 | $51.02M | $49.22M | $1.80M | — | +6.85% | 2027-10-20 |
Term Loans Internet & Direct Marketing Retail Marley Spoon AG Interest Rate SOFR+8.50% PIK, 9.26% floor Initial Acquisition Date 6/30/2021 Maturity Date 6/15/2026 | — | Senior Secured | $48.36M | $48.36M | $0.00 | — | — | 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 | $40.61M | $40.61M | $0.00 | — | +9.05% | 2024-12-01 |
Term Loans Electronic Equipment & Instruments Intellisite Holdings, Inc. (dba Epic IO Technologies, Inc.) Interest Rate SOFR+9.75%, 10.25% floor, 2.00% ETP Initial Acquisition Date 12/17/2021 Maturity Date 12/17/2025 | — | Senior Secured | $39.76M | $39.76M | $0.00 | — | +9.75% | 2025-12-17 |
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 | $39.70M | $39.70M | $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 | $39.24M | $39.24M | $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 | $37.31M | $38.85M | -$1.54M | — | +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 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 | $25.49M | $25.49M | $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 | $24.91M | $24.91M | $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 | $24.64M | $24.64M | $0.00 | — | +7.00% | 2026-11-15 |
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 | $24.60M | $24.60M | $0.00 | — | +6.50% | 2026-11-08 |
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 | $23.12M | $25.74M | -$2.62M | — | +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 | $21.84M | $21.84M | $0.00 | — | +5.00% | 2025-03-31 |
Preferred Stocks Health Care Technology Gynesonics, Inc. | Series A-2 | Preferred Stock | $21.82M | $25.00M | -$3.18M | — | — | — |
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 | $20.39M | $21.00M | -$609.0K | — | +9.25% | 2025-07-15 |
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 | $20.08M | $20.08M | $0.00 | — | +2.70% | 2027-10-12 |
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 | $18.36M | $22.79M | -$4.44M | — | — | 2023-12-15 |
Term Loans Internet Software and Services Fidelis Cybersecurity, Inc. Interest Rate SOFR+11.00%, 12.00% floor, 2.81% ETP Initial Acquisition Date 5/13/2021 Maturity Date 5/13/2024 | — | Senior Secured | $15.07M | $15.33M | -$257.0K | — | +11.00% | 2024-05-13 |
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 | $14.85M | $14.85M | $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 | — | $14.06M | $14.06M | $6.0K | — | +5.00% | 2025-12-22 |
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 | $13.35M | $13.35M | $0.00 | — | +8.48% | 2026-07-01 |
Preferred Stocks Health Care Technology CareCloud, Inc. | 11% Series A Cumulative Redeemable Perpetual | Preferred Stock | $12.94M | $12.13M | $806.0K | — | — | — |
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 7/15/2023 | — | Senior Secured | $11.61M | $17.96M | -$6.35M | — | — | 2023-07-15 |
Term Loans Application Software Dtex Systems, Inc. Interest Rate SOFR+9.25%, 9.75% floor, 1.75% ETP Initial Acquisition Date 6/1/2021 Maturity Date 6/1/2025 | — | Senior Secured | $10.07M | $10.07M | $0.00 | — | +9.25% | 2025-06-01 |
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 | $9.41M | $9.41M | $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 | $4.16M | $4.94M | -$782.0K | — | +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 | — | $2.10M | $1.05M | $1.05M | — | — | 2028-06-29 |
— | Warrants | $1.15M | $522.0K | $623.0K | — | — | 2029-07-26 | |
— | Warrants | $1.08M | $2.16M | -$1.08M | — | — | 2028-12-03 | |
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 | $971.0K | $1.00M | -$31.0K | — | +8.25% | 2025-07-15 |
Common Stocks Application Software Coginiti Corp | — | Common Stock | $914.0K | $4.55M | -$3.64M | — | — | — |
— | Warrants | $883.0K | $218.0K | $665.0K | — | — | 2030-06-30 | |
Coginiti Corp Common Stock Initial Acquisition Date 3/9/2020 Maturity Date 3/9/2030 | Application Software | — | $868.0K | — | — | — | — | 2030-03-09 |
Common Stocks Application Software FiscalNote, Inc. | — | Common Stock | $840.0K | $438.0K | $402.0K | — | — | — |
— | Warrants | $660.0K | $605.0K | $55.0K | — | — | 2032-06-30 | |
— | Warrants | $511.0K | $505.0K | $6.0K | — | — | 2024-12-17 | |
Common Stocks Technology Hardware, Storage & Peripherals Quantum Corporation | — | Common Stock | $496.0K | $2.61M | -$2.11M | — | — | — |
— | Warrants | $403.0K | $282.0K | $121.0K | — | — | 2031-03-30 | |
— | Warrants | $401.0K | $99.0K | $302.0K | — | — | 2032-10-20 | |
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 | $377.0K | $381.0K | -$4.0K | — | — | 2029-06-27 | |
— | Warrants | $344.0K | $47.0K | $297.0K | — | — | 2029-12-12 | |
— | Warrants | $342.0K | $136.0K | $206.0K | — | — | 2028-10-05 | |
— | Warrants | $323.0K | $313.0K | $10.0K | — | — | 2030-03-01 | |
— | Warrants | $321.0K | $377.0K | -$56.0K | — | — | 2025-12-29 | |
— | Warrants | $317.0K | $258.0K | $59.0K | — | — | 2031-08-17 | |
— | Warrants | $273.0K | $243.0K | $30.0K | — | — | 2026-11-08 | |
Preferred Stocks Application Software Aria Systems, Inc. | Series G | Preferred Stock | $254.0K | $250.0K | $4.0K | — | — | — |
— | Warrants | $249.0K | $302.0K | -$53.0K | — | — | 2032-09-26 | |
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 |
— | Warrants | $202.0K | $192.0K | $10.0K | — | — | 2029-05-31 | |
— | Warrants | $180.0K | $74.0K | $106.0K | — | — | 2032-12-29 | |
— | Warrants | $166.0K | $175.0K | -$9.0K | — | — | 2032-06-24 | |
— | Warrants | $159.0K | $160.0K | -$1.0K | — | — | 2031-08-17 | |
— | Warrants | $139.0K | $132.0K | $7.0K | — | — | — | |
FiscalNote, Inc. Earnout Initial Acquisition Date 7/29/2022 Maturity Date 7/29/2027 | Application Software | — | $135.0K | $127.0K | $8.0K | — | — | 2027-07-29 |
— | Warrants | $120.0K | $219.0K | -$99.0K | — | — | 2032-06-24 | |
— | Warrants | $120.0K | $14.0K | $106.0K | — | — | 2031-06-29 | |
— | Warrants | $118.0K | $129.0K | -$11.0K | — | — | 2032-06-30 | |
— | Warrants | $109.0K | $126.0K | -$17.0K | — | — | 2032-03-30 | |
— | Warrants | $102.0K | $175.0K | -$73.0K | — | — | 2031-03-31 | |
Circadence Corporation Series A-6 Preferred Stock Initial Acquisition Date 12/20/2018 Maturity Date 12/20/2028 | Application Software | — | $98.0K | $3.63M | -$3.53M | — | — | 2028-12-20 |
— | Warrants | $94.0K | $315.0K | -$221.0K | — | — | 2032-03-04 | |
— | Warrants | $79.0K | $173.0K | -$94.0K | — | — | 2032-10-12 | |
— | Warrants | $79.0K | $79.0K | $0.00 | — | — | 2032-03-25 | |
— | Warrants | $69.0K | $69.0K | $0.00 | — | — | 2033-05-05 | |
— | Warrants | $68.0K | $68.0K | $0.00 | — | — | 2033-06-30 | |
— | Warrants | $68.0K | $25.0K | $43.0K | — | — | 2028-12-28 | |
— | Warrants | $67.0K | $343.0K | -$276.0K | — | — | 2031-09-29 | |
Circadence Corporation Series A-6 Preferred Stock Initial Acquisition Date 10/31/2019 Maturity Date 10/31/2029 | Application Software | — | $25.0K | $846.0K | -$821.0K | — | — | 2029-10-31 |
— | Warrants | $23.0K | $226.0K | -$203.0K | — | — | 2032-09-02 | |
— | Warrants | $15.0K | $141.0K | -$126.0K | — | — | 2032-06-14 | |
— | Warrants | $15.0K | $144.0K | -$129.0K | — | — | 2032-09-15 | |
— | 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 | $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
$1.10B
Parsed holdings FV
$1.10B
Residual gap
$0.00
Balance-sheet cash
$37.74M
CIK
0001653384
Accession
0000950170-23-039764
Form type
10-Q
Period
2023-06-30