RWAY
Runway Growth Finance
Portfolio Fair Value
$886.35M
113 holdings
Avg Spread
+6.49%
FV-weighted, debt
Avg Coupon
8.46%
FV-weighted
% First Lien
92.8%
of debt FV
Unrealized P/L
-$99.11M
-10.06% of cost
Non-Accrual
0
text-detected
Balance sheet
Assets$904.93M
Liabilities + Equity$904.93M
First Lien
$822.90M · 90.9%
First Lien
$822.90M · 90.9%
Second Lien
$6.65M · 0.7%
Equity
$56.79M · 6.3%
Cash & Equivalents
$2.31M · 0.3%
Other Assets
$16.27M · 1.8%
Debt (Borrowings)
$426.94M · 47.2%
Debt (Borrowings)
$426.94M · 47.2%
Other Liabilities
$39.75M · 4.4%
Net Assets (Equity)
$438.23M · 48.4%
Net Assets (Equity)
$438.23M · 48.4%
Industry Composition
Application Software
24.2%
Systems Software
14.7%
Health Care Equipment & Services
12.9%
Commercial & Professional Services
11.8%
Technology Hardware & Equipment
8.2%
Financial Services
6.0%
Insurance
5.1%
Household & Personal Products
4.5%
Consumer Staples Distribution & Retail
4.2%
Media & Entertainment
3.2%
Multi-Sector Holdings
2.6%
Consumer Services
2.4%
Other industries
0.2%
Spread Distribution
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.5%
11.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
113 of 114
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
3PL Central LLC (dba Extensiv) | Systems Software | Senior Secured | $68.22M | $76.18M | -$7.96M | — | +7.00% | — |
Airship Group, Inc. | Application Software | Senior Secured | $51.81M | $51.10M | $711.0K | — | +3.75% | — |
Piano Software, Inc. | Application Software | Senior Secured | $42.79M | $42.21M | $579.0K | — | +7.25% | — |
EBR Systems, Inc. | Health Care Equipment & Services | Senior Secured | $41.40M | $40.85M | $548.0K | — | +4.90% | — |
Brivo, Inc. | Technology Hardware & Equipment | Senior Secured | $41.20M | $39.96M | $1.23M | — | +7.25% | — |
Zinnia Corporate Holdings, LLC | Application Software | Senior Secured | $39.59M | $39.40M | $193.0K | — | +6.50% | — |
Madison Reed, Inc. | Household & Personal Products | Senior Secured | $39.52M | $39.42M | $95.0K | — | +5.00% | — |
Elevate Services, Inc. | Commercial & Professional Services | Senior Secured | $39.20M | $38.35M | $844.0K | — | +7.50% | — |
VTX Intermediate Holdings, Inc. (dba VertexOne) | Application Software | Senior Secured | $35.04M | $35.39M | -$347.0K | — | +7.00% | — |
Synack, Inc. | Systems Software | Senior Secured | $34.77M | $34.23M | $531.0K | — | +7.50% | — |
Route 92 Medical, Inc. | Health Care Equipment & Services | Senior Secured | $34.65M | $34.56M | $98.0K | — | +7.00% | — |
Bombora, Inc. | Commercial & Professional Services | Senior Secured | $31.78M | $31.71M | $73.0K | — | +4.25% | — |
Hurricane Cleanco Limited | Financial Services | Senior Secured | $30.70M | $29.00M | $1.71M | 6.25% | — | — |
Linxup, LLC | Technology Hardware & Equipment | Senior Secured | $30.39M | $30.13M | $257.0K | — | +3.25% | — |
Kin Insurance, Inc. | Insurance | Senior Secured | $29.52M | $29.38M | $138.0K | — | +5.00% | — |
Vesta Payment Solutions, Inc. | Financial Services | Senior Secured | $21.12M | $26.12M | -$5.00M | — | +7.00% | — |
FINN GmbH | Consumer Services | Senior Secured | $19.16M | $19.16M | $0.00 | — | +8.75% | — |
CarNow, Inc. | Application Software | Senior Secured | $18.94M | $18.38M | $558.0K | — | +7.25% | — |
Circadence Corporation | Systems Software | Senior Secured | $18.24M | $21.38M | -$3.14M | — | +11.00% | — |
Synack, Inc. | Media & Entertainment | Senior Secured | $17.77M | $17.84M | -$63.0K | — | +7.50% | — |
JobGet Holdings, Inc. (fka Snagajob.com, Inc.) | Commercial & Professional Services | Equity Series C-1 Preferred Stock | $17.18M | $39.27M | -$22.09M | — | — | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $17.14M | $47.98M | -$30.84M | — | +8.75% | — |
Onward Medical, N.V. | Health Care Equipment & Services | Senior Secured | $17.14M | $16.94M | $195.0K | — | +6.50% | — |
Kin Insurance, Inc. | Insurance | Senior Secured | $14.76M | $14.61M | $145.0K | — | +5.00% | — |
Blueshift Labs, Inc. | Application Software | Senior Secured | $13.48M | $29.50M | -$16.02M | — | +8.25% | — |
Runway-Cadma I LLC | Multi-Sector Holdings | Equity 50% Equity Interest | $13.04M | $12.18M | $855.0K | — | — | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $12.39M | $11.94M | $448.0K | — | +8.75% | — |
Skillshare, Inc. | Media & Entertainment | Senior Secured | $10.48M | $10.81M | -$329.0K | — | +6.75% | — |
SPB C-2024, LLC | Multi-Sector Holdings | Senior Secured | $10.36M | $10.36M | $0.00 | 15.00% | — | — |
CareCloud, Inc. | Health Care Equipment & Services | Equity 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock | $9.67M | $12.13M | -$2.46M | — | — | — |
Digicert, Inc. | Systems Software | Senior Secured | $9.00M | $9.16M | -$160.0K | — | +5.75% | — |
Swing Education, Inc. | Commercial & Professional Services | Senior Secured | $7.72M | $7.94M | -$212.0K | — | +7.00% | — |
VTX Intermediate Holdings, Inc. (dba VertexOne) | Application Software | Second Lien | $6.65M | $6.62M | $33.0K | — | — | — |
Shepherd Intermediate, LLC (dba FHAS) | Commercial & Professional Services | Senior Secured | $6.21M | $6.12M | $96.0K | — | +7.25% | — |
HR Pharmaceuticals, LLC | Health Care Equipment & Services | Senior Secured | $5.41M | $5.42M | -$12.0K | — | +6.00% | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $4.91M | $4.91M | $0.00 | — | +8.75% | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $3.08M | $3.08M | $0.00 | — | +8.75% | — |
CarNow, Inc. | Application Software | Warrant Common Stock | $2.48M | $2.40M | $78.0K | — | — | — |
HR Pharmaceuticals, LLC. | Health Care Equipment & Services | Equity Preferred Units | $2.00M | $2.00M | $0.00 | — | — | — |
Mingle Healthcare Solutions, Inc. | Health Care Equipment & Services | Senior Secured | $2.00M | $4.76M | -$2.76M | — | +9.75% | — |
Shield Therapeutics PLC | Pharmaceuticals, Biotechnology & Life Sciences | Senior Secured | $1.98M | $1.98M | $0.00 | — | +8.75% | — |
FINN GmbH | Consumer Services | Warrants Series C2 Preferred Stock | $1.69M | $691.0K | $998.0K | — | — | — |
Aria Systems, Inc. | Application Software | Warrants Series G Preferred Stock | $1.05M | $1.05M | $2.0K | — | — | — |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series B Preferred Stock | $934.0K | $218.0K | $716.0K | — | — | — |
Blueshift Labs, Inc. | Application Software | Senior Secured | $719.0K | $1.58M | -$860.0K | — | +8.25% | — |
Autobooks, Inc. | Financial Services | Warrants Success Fee | $707.0K | $489.0K | $218.0K | — | — | — |
Route 92 Medical, Inc. | Health Care Equipment & Services | Warrants Success fee | $666.0K | $833.0K | -$167.0K | — | — | — |
Kin Insurance, Inc. | Insurance | Warrants Series E Preferred Stock | $575.0K | $546.0K | $29.0K | — | — | — |
Elevate Services, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $557.0K | $377.0K | $180.0K | — | — | — |
EBR Systems, Inc. | Health Care Equipment & Services | Warrants Success fee | $528.0K | $605.0K | -$77.0K | — | — | — |
Piano Software, Inc. | Application Software | Warrants Series D Preferred Stock | $474.0K | $348.0K | $126.0K | — | — | — |
Madison Reed, Inc. | Household & Personal Products | Warrants Success fee | $452.0K | $404.0K | $48.0K | — | — | — |
Brivo, Inc. | Technology Hardware & Equipment | Warrants Series A-2 Preferred Stock | $429.0K | $98.0K | $331.0K | — | — | — |
Elevate Services, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $369.0K | $447.0K | -$78.0K | — | — | — |
Airship Group, Inc. | Application Software | Warrants Series F Preferred Stock | $361.0K | $414.0K | -$53.0K | — | — | — |
Kin Insurance, Inc. | Insurance | Warrants Series D-3 Preferred Stock | $300.0K | $426.0K | -$126.0K | — | — | — |
INRIX, Inc. | Application Software | Warrant Common Stock | $292.0K | $522.0K | -$230.0K | — | — | — |
Aria Systems, Inc. | Application Software | Equity Series G Preferred Stock | $288.0K | $250.0K | $38.0K | — | — | — |
Blueshift Labs, Inc. | Application Software | Senior Secured | $259.0K | $569.0K | -$310.0K | — | +8.25% | — |
Credit Sesame, Inc. | Financial Services | Warrants Common Stock | $233.0K | $425.0K | -$192.0K | — | — | — |
Linxup, LLC | Technology Hardware & Equipment | Warrants Success fee | $233.0K | $253.0K | -$20.0K | — | — | — |
Snap! Mobile, Inc. | Media & Entertainment | Warrants Series B Preferred Stock | $217.0K | $345.0K | -$128.0K | — | — | — |
Circadence Corporation | Systems Software | Warrants Success fee | $216.0K | $304.0K | -$88.0K | — | — | — |
Dejero Labs Inc. | Technology Hardware & Equipment | Warrants Common Stock | $210.0K | $192.0K | $18.0K | — | — | — |
Skillshare, Inc. | Media & Entertainment | Warrants Success fee | $188.0K | $337.0K | -$149.0K | — | — | — |
SetPoint Medical Corporation | Health Care Equipment & Services | Warrants Series B Preferred Stock | $174.0K | $74.0K | $100.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $147.0K | $89.0K | $58.0K | — | — | — |
Synack, Inc. | Systems Software | Warrants Common Stock | $140.0K | $168.0K | -$28.0K | — | — | — |
Minute Media Inc. | Media & Entertainment | Equity Preferred Stock | $131.0K | $120.0K | $11.0K | — | — | — |
Onward Medical, N.V. | Health Care Equipment & Services | Warrants Common Stock | $125.0K | $340.0K | -$215.0K | — | — | — |
SetPoint Medical Corporation | Health Care Equipment & Services | Warrants Series B Preferred Stock | $116.0K | $14.0K | $102.0K | — | — | — |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series D Preferred Stock | $106.0K | $176.0K | -$70.0K | — | — | — |
Bombora, Inc. | Commercial & Professional Services | Warrants Common Stock | $100.0K | $174.0K | -$74.0K | — | — | — |
WarrantsTechnology Hardware & Equipment Brivo, Inc. | — | Warrants Series A-2 Preferred Stock | $69.0K | $43.0K | $26.0K | — | — | — |
HR Pharmaceuticals, LLC | Health Care Equipment & Services | Senior Secured | $67.0K | $55.0K | $12.0K | — | +6.00% | — |
Betterment Holdings, Inc. | Financial Services | Warrants Common Stock | $51.0K | $40.0K | $11.0K | — | — | — |
Bombora, Inc. | Commercial & Professional Services | Warrants Common Stock | $47.0K | $51.0K | -$4.0K | — | — | — |
Betterment Holdings, Inc. | Financial Services | Warrants Common Stock | $46.0K | $35.0K | $11.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $45.0K | $250.0K | -$205.0K | — | — | — |
Shield Therapeutics PLC | Pharmaceuticals, Biotechnology & Life Sciences | Warrants Common Stock | $43.0K | $63.0K | -$20.0K | — | — | — |
Moximed, Inc. | Health Care Equipment & Services | Warrants Series C Preferred Stock | $32.0K | $175.0K | -$143.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Series A-1 Preferred Stock | $29.0K | $16.0K | $13.0K | — | — | — |
CloudPay, Inc. | Commercial & Professional Services | Warrants Series D Preferred Stock | $18.0K | $52.0K | -$34.0K | — | — | — |
Minute Media Inc. | Media & Entertainment | Equity Common Stock | $15.0K | $16.0K | -$1.0K | — | — | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Equity Common Stock | $10.0K | $410.0K | -$400.0K | — | — | — |
Swing Education, Inc. | Commercial & Professional Services | Warrants Series C Preferred Stock | $7.0K | $19.0K | -$12.0K | — | — | — |
VTX Holdings, LLC | Application Software | Equity Series C Preferred Units | $6.0K | $143.0K | -$137.0K | — | — | — |
FiscalNote, Inc. | Commercial & Professional Services | Equity Common Stock | $5.0K | $438.0K | -$433.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Common Stock | $1.0K | $47.0K | -$46.0K | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Common Stock | $1.0K | $131.0K | -$130.0K | — | — | — |
3DNA Corp. (dba NationBuilder) | Application Software | Warrants Series C-1 Preferred Stock | $0.00 | $104.0K | -$104.0K | — | — | — |
AllClear ID, Inc. | Commercial & Professional Services | Warrants Common Stock | $0.00 | $1.75M | -$1.75M | — | — | — |
Allurion Technologies, Inc. | Health Care Equipment & Services | Warrants Common Stock | $0.00 | $282.0K | -$282.0K | — | — | — |
Allurion Technologies, Inc. | Health Care Equipment & Services | Warrants Common Stock | $0.00 | $141.0K | -$141.0K | — | — | — |
Allurion Technologies, Inc. | Health Care Equipment & Services | Warrants Common Stock | $0.00 | $144.0K | -$144.0K | — | — | — |
Blueshift Labs, Inc. | Application Software | Warrants Success fee | $0.00 | $167.0K | -$167.0K | — | — | — |
Circadence Corporation | Systems Software | Warrants Series B Preferred Stock | $0.00 | $3.63M | -$3.63M | — | — | — |
Circadence Corporation | Systems Software | Warrants Series B Preferred Stock | $0.00 | $846.0K | -$846.0K | — | — | — |
Coginiti Corp, | Application Software | Equity Common Stock | $0.00 | $4.55M | -$4.55M | — | — | — |
FiscalNote, Inc. | Commercial & Professional Services | Warrants Earnout | $0.00 | $127.0K | -$127.0K | — | — | — |
JWP Holdco LLC (fka Longtail Ad Solutions, Inc.) | Application Software | Warrant Common Units | $0.00 | $47.0K | -$47.0K | — | — | — |
JobGet Holdings, Inc. (fka Snagajob.com, Inc.) | Commercial & Professional Services | Warrants Series B-1 Preferred Stock | $0.00 | $343.0K | -$343.0K | — | — | — |
Marley Spoon SE | Consumer Staples Distribution & Retail | Senior Secured | $0.00 | $448.0K | -$448.0K | 8.75% | — | — |
Mingle Healthcare Solutions, Inc. | Health Care Equipment & Services | Warrants Series CC Preferred Stock | $0.00 | $492.0K | -$492.0K | — | — | — |
Mustang Bio, Inc. | Pharmaceuticals, Biotechnology & Life Sciences | Warrants Common Stock | $0.00 | $315.0K | -$315.0K | — | — | — |
Predactiv, Inc. (fka Sharethis, Inc.) | Application Software | Warrants Series D-3 Preferred Stock | $0.00 | $2.16M | -$2.16M | — | — | — |
RealWear, Inc. | Technology Hardware & Equipment | Warrants Common Stock | $0.00 | $9.0K | -$9.0K | — | — | — |
Scale Computing, Inc. | Systems Software | Warrants Common Stock | $0.00 | $346.0K | -$346.0K | — | — | — |
Coginiti Corp | Application Software | Warrants Common Stock | — | — | — | — | — | — |
Digicert, Inc. (Revolver) | Systems Software | Senior Secured | — | -$8.0K | — | — | +5.75% | — |
JobGet Holdings, Inc. (fka Snagajob.com, Inc.) | Commercial & Professional Services | Equity Series C-2 Preferred Stock | — | — | — | — | — | — |
Shepherd Intermediate, LLC (dba FHAS) (Revolver) | Commercial & Professional Services | Senior Secured | — | -$5.0K | — | — | +7.25% | — |
Swing Education, Inc. (Revolver) | Commercial & Professional Services | Senior Secured | — | -$149.0K | — | — | +6.65% | — |
Disclosed holdings FV
$886.35M
Parsed holdings FV
$886.35M
Residual gap
$0.00
Balance-sheet cash
$2.31M
CIK
0001653384
Accession
0001193125-26-211877
Form type
10-Q
Period
2026-03-31