BDCinfo / RWAY /10-K · 2025-12-31

RWAY · 10-K

2025-12-31 View source on SEC.gov →
Runway Growth Finance · filed 2026-03-12
Total Fair Value
$942.15M
116 holdings
Unrealized P/L
-$37.28M
-3.81% vs cost
W. Avg Spread
+6.44%
debt, FV-weighted
W. Avg Coupon
8.38%
debt, FV-weighted
% First Lien
0.0%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$942M
Total Fair Value
  • Investment Type Senior Secured Interest Rate SOFR+7.00%, 9.00% floor, 5.00% ETP Initial Acquisition Date 11/9/2022 Maturity Date 6/30/20267.4%
  • Investment Type Senior Secured Interest Rate SOFR+3.75%, 9.08% floor, 3.00% PIK, 3.25% ETP Initial Acquisition Date 6/28/2024 Maturity Date 6/15/20285.4%
  • Consumer Staples Distribution & Retail5.1%
  • Investment Type Senior Secured Interest Rate SOFR+7.25%, 11.25% floor, 1.50% ETP Initial Acquisition Date 12/31/2024 Maturity Date 12/31/20294.6%
  • Investment Type Senior Secured Interest Rate PRIME+4.90%, 8.90% floor, 4.50% ETP Initial Acquisition Date 6/30/2022 Maturity Date 6/15/20274.4%
  • Investment Type Senior Secured Interest Rate SOFR+7.25%, 11.29% floor, 2.53% ETP Initial Acquisition Date 12/27/2024 Maturity Date 12/15/20294.4%
  • Investment Type Senior Secured Interest Rate SOFR+6.00%, 7.50% floor Initial Acquisition Date 9/23/2024 Maturity Date 9/21/20294.3%
  • Investment Type Senior Secured Interest Rate PRIME+5.00%, 12.50% floor, 3.00% ETP Initial Acquisition Date 8/29/2025 Maturity Date 8/29/20294.2%
  • Investment Type Senior Secured Interest Rate SOFR+7.50%, 12.78% floor, 0.50% ETP Initial Acquisition Date 7/10/2023 Maturity Date 7/10/20274.2%
  • Investment Type Senior Secured Interest Rate SOFR+7.00%, 8.00% floor, 1.00% PIK, 3.00% ETP Initial Acquisition Date 12/12/2024 Maturity Date 9/24/20293.7%
  • Other industries52.5%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
116 of 116
IssuerIndustryType
Fair Value
Cost
Unrealized
Coupon
Spread
Maturity
Debt Investments Systems Software 3PL Central LLC (dba Extensiv)
Investment Type Senior Secured Interest Rate SOFR+7.00%, 9.00% floor, 5.00% ETP Initial Acquisition Date 11/9/2022 Maturity Date 6/30/2026
Debt Investments
$69.48M
$75.85M
-$6.38M
+7.00%
Debt Investments Application Software Airship Group, Inc.
Investment Type Senior Secured Interest Rate SOFR+3.75%, 9.08% floor, 3.00% PIK, 3.25% ETP Initial Acquisition Date 6/28/2024 Maturity Date 6/15/2028
Debt Investments
$51.25M
$50.58M
$675.0K
+3.75%
Debt Investments Application Software Piano Software, Inc.
Investment Type Senior Secured Interest Rate SOFR+7.25%, 11.25% floor, 1.50% ETP Initial Acquisition Date 12/31/2024 Maturity Date 12/31/2029
Debt Investments
$43.03M
$42.17M
$864.0K
+7.25%
Debt Investments Health Care Equipment & Services EBR Systems, Inc.
Investment Type Senior Secured Interest Rate PRIME+4.90%, 8.90% floor, 4.50% ETP Initial Acquisition Date 6/30/2022 Maturity Date 6/15/2027
Debt Investments
$41.26M
$40.68M
$576.0K
+4.90%
Debt Investments Technology Hardware & Equipment Brivo, Inc.
Investment Type Senior Secured Interest Rate SOFR+7.25%, 11.29% floor, 2.53% ETP Initial Acquisition Date 12/27/2024 Maturity Date 12/15/2029
Debt Investments
$41.12M
$39.91M
$1.21M
Debt Investments Application Software Zinnia Corporate Holdings, LLC
Investment Type Senior Secured Interest Rate SOFR+6.00%, 7.50% floor Initial Acquisition Date 9/23/2024 Maturity Date 9/21/2029
Debt Investments
$40.18M
$39.36M
$818.0K
+6.00%
Debt Investments Household & Personal Products Madison Reed, Inc.
Investment Type Senior Secured Interest Rate PRIME+5.00%, 12.50% floor, 3.00% ETP Initial Acquisition Date 8/29/2025 Maturity Date 8/29/2029
Debt Investments
$39.33M
$39.33M
$5.0K
+5.00%
Debt Investments Commercial & Professional Services Elevate Services, Inc.
Investment Type Senior Secured Interest Rate SOFR+7.50%, 12.78% floor, 0.50% ETP Initial Acquisition Date 7/10/2023 Maturity Date 7/10/2027
Debt Investments
$39.20M
$38.29M
$904.0K
+7.50%
Debt Investments Consumer Staples Distribution & Retail Marley Spoon SE Investment Type Senior Secured Interest Rate SOFR+ 8.75% PIK, 9.51% floor, 1.00% ETP Initial Acquisition Date 6/30/2021 Maturity Date 6/15/2027
Consumer Staples Distribution & Retail
Debt Investments
$36.10M
$46.46M
-$10.35M
+8.75%
Debt Investments Application Software VTX Intermediate Holdings, Inc. (dba VertexOne)
Investment Type Senior Secured Interest Rate SOFR+7.00%, 8.00% floor, 1.00% PIK, 3.00% ETP Initial Acquisition Date 12/12/2024 Maturity Date 9/24/2029
Debt Investments
$34.96M
$35.24M
-$277.0K
+7.00%
Debt Investments Health Care Equipment & Services Route 92 Medical, Inc.
Investment Type Senior Secured Interest Rate SOFR+7.00%, 9.00% floor, 3.95% ETP Initial Acquisition Date 3/31/2025 Maturity Date 3/31/2029
Debt Investments
$34.68M
$34.44M
$243.0K
+7.00%
Debt Investments Commercial & Professional Services Bombora, Inc.
Investment Type Senior Secured Interest Rate SOFR+4.75%, 6.75% floor, 3.25% PIK, 1.10% ETP Initial Acquisition Date 12/26/2023 Maturity Date 1/15/2028
Debt Investments
$31.58M
$31.43M
$155.0K
+4.75%
Debt Investments Financial Services Hurricane Cleanco Limited
Investment Type Senior Secured Interest Rate FIXED 6.25%, 6.25% PIK Initial Acquisition Date 12/31/2024 Maturity Date 11/22/2029
Debt Investments
$30.89M
$28.52M
$2.37M
6.25%
Debt Investments Technology Hardware & Equipment Linxup, LLC
Investment Type Senior Secured Interest Rate PRIME+3.25%, 11.75% floor, 2.25% ETP Initial Acquisition Date 11/3/2023 Maturity Date 11/15/2027
Debt Investments
$30.77M
$30.05M
$715.0K
+3.25%
Debt Investments Financial Services Autobooks, Inc.
Investment Type Senior Secured Interest Rate SOFR+7.50%, 11.77% floor, 2.75% ETP Initial Acquisition Date 5/5/2025 Maturity Date 2/5/2028
Debt Investments
$29.71M
$29.12M
$584.0K
+7.50%
Debt Investments Insurance Kin Insurance, Inc.
Investment Type Senior Secured Interest Rate PRIME+5.00%, 12.00% floor, 2.00% ETP Initial Acquisition Date 8/13/2025 Maturity Date 8/13/2029
Debt Investments
$29.32M
$29.31M
$10.0K
+5.00%
Equity Investments Commercial & Professional Services JobGet Holdings, Inc. (fka Snagajob.com, Inc.)
Investment Type Equity Series C-1
Preferred Stock
$26.11M
$39.27M
-$13.16M
Debt Investments Application Software Blueshift Labs, Inc.
Investment Type Senior Secured Interest Rate SOFR+8.25% PIK, 13.25% floor, 1.50% ETP Initial Acquisition Date 12/19/2023 Maturity Date 12/15/2028
Debt Investments
$23.43M
$28.50M
-$5.07M
+8.25%
Debt Investments Financial Services Vesta Payment Solutions, Inc.
Investment Type Senior Secured Interest Rate SOFR+7.00%, 9.00% floor, 6.00% ETP Initial Acquisition Date 11/29/2022 Maturity Date 11/15/2026
Debt Investments
$21.96M
$25.98M
-$4.02M
+7.00%
Debt Investments Consumer Services FINN GmbH
Investment Type Senior Secured Interest Rate SOFR+8.75%, 10.75% floor Initial Acquisition Date 12/8/2025 Maturity Date 6/30/2030
Debt Investments
$19.16M
$19.12M
$42.0K
+8.75%
Debt Investments Application Software CarNow, Inc.
Investment Type Senior Secured Interest Rate SOFR+7.25%, 11.75% floor, 1.60% ETP Initial Acquisition Date 3/22/2024 Maturity Date 3/22/2029
Debt Investments
$18.83M
$18.25M
$573.0K
+7.25%
Debt Investments Systems Software Circadence Corporation Investment Type Senior Secured Interest Rate SOFR+9.50%, 12.26% floor, 7.50% ETP Initial Acquisition Date 12/20/2018 Maturity Date 3/31/2026
Systems Software
Debt Investments
$18.37M
$22.10M
-$3.73M
+9.50%
Debt Investments Media & Entertainment Snap! Mobile, Inc.
Investment Type Senior Secured Interest Rate SOFR+7.50%, 12.10% floor, 3.83% ETP Initial Acquisition Date 9/30/2024 Maturity Date 9/30/2028
Debt Investments
$17.86M
$17.77M
$95.0K
+7.50%
Debt Investments Health Care Equipment & Services Onward Medical, N.V.
Investment Type Senior Secured Interest Rate SOFR+6.50%, 10.75% floor, 2.50% ETP Initial Acquisition Date 6/28/2024 Maturity Date 6/15/2028
Debt Investments
$17.16M
$16.89M
$276.0K
+6.50%
Debt Investments Health Care Equipment & Services Moximed, Inc.
Investment Type Senior Secured Interest Rate PRIME+5.25%, 8.75% floor, 3.50% ETP Initial Acquisition Date 6/24/2022 Maturity Date 7/1/2027
Debt Investments
$15.60M
$15.24M
$360.0K
+5.25%
Debt Investments Insurance Kin Insurance, Inc.
Investment Type Senior Secured Interest Rate PRIME+5.00%, 12.00% floor, 2.00% ETP Initial Acquisition Date 12/30/2025 Maturity Date 8/13/2029
Debt Investments
$14.58M
$14.58M
$0.00
+5.00%
Equity Investments Multi-Sector Holdings Runway-Cadma I LLC
Investment Type Equity 50% Equity Interest Initial Acquisition Date 3/6/2024
Equity Investments
$13.25M
$12.28M
$970.0K
Equity Investments Runway-Cadma I LLC
Equity Investments
$13.25M
Debt Investments Media & Entertainment Skillshare, Inc.
Investment Type Senior Secured Interest Rate SOFR+6.75%, 10.96% floor, 2.00% ETP Initial Acquisition Date 8/15/2025 Maturity Date 2/8/2029
Debt Investments
$11.64M
$11.63M
$5.0K
+6.75%
Debt Investments Multi-Sector Holdings SPB C-2024, LLC
Investment Type Senior Secured Interest Rate FIXED 15.00% PIK, 1.57% ETP Initial Acquisition Date 12/16/2025 Maturity Date 12/16/2028
Debt Investments
$9.97M
$9.96M
$4.0K
15.00%
Equity Investments Health Care Equipment & Services CareCloud, Inc.
Investment Type Equity 8.75% Series A Cumulative Redeemable Perpetual
Preferred Stock
$9.67M
$12.13M
-$2.46M
Debt Investments Systems Software Digicert, Inc.
Investment Type Senior Secured Interest Rate SOFR+5.75%, 6.50% floor Initial Acquisition Date 7/30/2025 Maturity Date 7/30/2030
Debt Investments
$9.34M
$9.17M
$166.0K
+5.75%
Debt Investments Commercial & Professional Services Swing Education, Inc.
Investment Type Senior Secured Interest Rate SOFR+7.00%, 10.80% floor, 3.50% ETP Initial Acquisition Date 6/27/2025 Maturity Date 6/15/2029
Debt Investments
$7.79M
$7.91M
-$119.0K
+7.00%
Debt Investments Commercial & Professional Services Shepherd Intermediate, LLC (dba FHAS)
Investment Type Senior Secured Interest Rate SOFR+7.25%, 8.25% floor, Initial Acquisition Date 7/10/2025 Maturity Date 7/10/2030
Debt Investments
$6.57M
$6.41M
$155.0K
+7.25%
Debt Investments Application Software VTX Intermediate Holdings, Inc. (dba VertexOne)
Investment Type Second Lien Interest Rate FIXED 12.50% PIK, 31.05% ETP Initial Acquisition Date 12/12/2024 Maturity Date 9/24/2029
Debt Investments
$6.43M
$6.40M
$36.0K
Debt Investments Consumer Staples Distribution & Retail Marley Spoon SE Investment Type Senior Secured Interest Rate SOFR+ 8.75% PIK, 9.51% floor Initial Acquisition Date 10/28/2025 Maturity Date 3/31/2026
Consumer Staples Distribution & Retail
Debt Investments
$5.31M
$6.80M
-$1.50M
+8.75%
Debt Investments Consumer Staples Distribution & Retail Marley Spoon SE Investment Type Senior Secured Interest Rate SOFR+ 8.75% PIK, 9.51% floor Initial Acquisition Date 5/20/2025 Maturity Date 3/31/2026
Consumer Staples Distribution & Retail
Debt Investments
$3.71M
$4.76M
-$1.04M
+8.75%
Application Software CarNow, Inc.
Investment Type
Warrant
$2.76M
$2.40M
$362.0K
Debt Investments Health Care Equipment & Services Mingle Healthcare Solutions, Inc.
Investment Type Senior Secured Interest Rate SOFR+9.75%, 12.26% floor, 10.50% ETP Initial Acquisition Date 8/15/2018 Maturity Date 12/15/2026
Debt Investments
$2.36M
$4.76M
-$2.40M
+9.75%
Debt Investments Consumer Staples Distribution & Retail Marley Spoon SE Investment Type Senior Secured Interest Rate SOFR+ 8.75% PIK, 9.51% floor Initial Acquisition Date 2/28/2025 Maturity Date 6/15/2027
Consumer Staples Distribution & Retail
Debt Investments
$2.33M
$2.99M
-$656.0K
+8.75%
Debt Investments Pharmaceuticals, Biotechnology & Life Sciences Shield Therapeutics PLC
Investment Type Senior Secured Interest Rate SOFR+9.25%, 14.25% floor, 5.00% ETP Initial Acquisition Date 12/2/2025 Maturity Date 9/28/2028
Debt Investments
$1.93M
$1.95M
-$18.0K
+9.25%
Debt Investments Application Software Blueshift Labs, Inc.
Investment Type Senior Secured Interest Rate SOFR+8.25% PIK, 13.25% floor Initial Acquisition Date 9/25/2025 Maturity Date 12/15/2028
Debt Investments
$1.82M
$1.38M
$441.0K
+8.25%
Equity Investments Commercial & Professional Services Pivot3, Inc.
Investment Type Equity 100% Equity Interest Initial Acquisition Date 12/31/2023
Equity Investments
$1.49M
$950.0K
$543.0K
Equity Investments Pivot3, Inc.
Equity Investments
$1.49M
Application Software
Warrant
$1.22M
$1.05M
$175.0K
Commercial & Professional Services
Warrant
$1.20M
$218.0K
$978.0K
Debt Investments Application Software Blueshift Labs, Inc.
Investment Type Senior Secured Interest Rate SOFR+8.25% PIK, 13.25% floor Initial Acquisition Date 12/12/2024 Maturity Date 12/15/2028
Debt Investments
$967.0K
$550.0K
$417.0K
+8.25%
Insurance
Warrant
$759.0K
$426.0K
$333.0K
Financial Services
Warrant
$698.0K
$489.0K
$209.0K
Consumer Services
Warrant
$690.0K
$691.0K
-$1.0K
Health Care Equipment & Services
Warrant
$666.0K
$833.0K
-$167.0K
Health Care Equipment & Services
Warrant
$561.0K
$605.0K
-$44.0K
Commercial & Professional Services
Warrant
$555.0K
$377.0K
$178.0K
Financial Services
Warrant
$535.0K
$425.0K
$110.0K
Application Software
Warrants
$490.0K
$348.0K
$142.0K
Application Software
Warrant
$474.0K
$414.0K
$60.0K
Systems Software
Warrant
$454.0K
$304.0K
$150.0K
Household & Personal Products
Warrant
$446.0K
$404.0K
$42.0K
Commercial & Professional Services
Warrant
$404.0K
$447.0K
-$43.0K
Technology Hardware & Equipment
Warrant
$403.0K
$98.0K
$305.0K
Health Care Equipment & Services
Warrant
$361.0K
$340.0K
$21.0K
Debt Investments Consumer Staples Distribution & Retail Marley Spoon SE Investment Type Senior Secured Interest Rate SOFR+ 8.75% PIK, 9.51% floor Initial Acquisition Date 12/12/2025 Maturity Date 3/31/2026
Consumer Staples Distribution & Retail
Debt Investments
$339.0K
$434.0K
-$95.0K
+8.75%
Media & Entertainment
Warrant
$319.0K
$337.0K
-$18.0K
Equity Investments Application Software Aria Systems, Inc.
Investment Type Equity Series G
Preferred Stock
$315.0K
$250.0K
$65.0K
Application Software INRIX, Inc.
Investment Type
Warrant
$309.0K
$522.0K
-$213.0K
Media & Entertainment
Warrant
$306.0K
$345.0K
-$39.0K
Health Care Equipment & Services
Warrant
$262.0K
$173.0K
$89.0K
Technology Hardware & Equipment
Warrant
$243.0K
$253.0K
-$10.0K
Health Care Equipment & Services
Warrant
$234.0K
$74.0K
$160.0K
Application Software
Warrant
$195.0K
$167.0K
$28.0K
Systems Software
Warrant
$181.0K
$168.0K
$13.0K
Insurance
Warrant
$175.0K
$546.0K
-$371.0K
Health Care Equipment & Services
Warrant
$156.0K
$14.0K
$142.0K
Equity Investments Media & Entertainment Minute Media Inc.
Investment Type Equity
Preferred Stock
$152.0K
$120.0K
$32.0K
Technology Hardware & Equipment
Warrant
$124.0K
$192.0K
-$68.0K
Technology Hardware & Equipment
Warrant
$118.0K
$89.0K
$29.0K
Commercial & Professional Services
Warrant
$114.0K
$174.0K
-$60.0K
Commercial & Professional Services
Warrant
$109.0K
$176.0K
-$67.0K
Financial Services
Warrant
$64.0K
$40.0K
$24.0K
Technology Hardware & Equipment
Warrant
$64.0K
$43.0K
$21.0K
Pharmaceuticals, Biotechnology & Life Sciences
Warrant
$62.0K
$63.0K
-$1.0K
Technology Hardware & Equipment
Warrant
$57.0K
$250.0K
-$193.0K
Commercial & Professional Services
Warrant
$56.0K
$52.0K
$4.0K
Financial Services
Warrant
$56.0K
$35.0K
$21.0K
Commercial & Professional Services
Warrant
$54.0K
$51.0K
$3.0K
Health Care Equipment & Services
Warrant
$29.0K
$175.0K
-$146.0K
Equity Investments Commercial & Professional Services FiscalNote, Inc.
Investment Type Equity
Common Stock
$28.0K
$438.0K
-$410.0K
Technology Hardware & Equipment
Warrant
$24.0K
$16.0K
$8.0K
Equity Investments Media & Entertainment Minute Media Inc.
Investment Type Equity
Common Stock
$18.0K
$16.0K
$2.0K
Equity Investments Application Software VTX Holdings, LLC
Investment Type Equity Series C Preferred Units Initial Acquisition Date 12/12/2024
Equity Investments
$16.0K
$143.0K
-$127.0K
Commercial & Professional Services
Warrant
$15.0K
$19.0K
-$4.0K
Equity Investments Consumer Staples Distribution & Retail Marley Spoon SE Investment Type Equity
Consumer Staples Distribution & Retail
Common Stock
$14.0K
$410.0K
-$396.0K
Technology Hardware & Equipment
Warrant
$1.0K
$47.0K
-$46.0K
Technology Hardware & Equipment
Warrant
$1.0K
$131.0K
-$130.0K
Application Software
Warrant
$104.0K
Application Software
Warrant
$2.16M
Commercial & Professional Services
Warrant
$1.75M
Commercial & Professional Services
Warrant
$127.0K
Commercial & Professional Services
Warrant
$343.0K
Health Care Equipment & Services
Warrant
$282.0K
Health Care Equipment & Services
Warrant
$141.0K
Health Care Equipment & Services
Warrant
$144.0K
Health Care Equipment & Services
Warrant
$492.0K
Pharmaceuticals, Biotechnology & Life Sciences
Warrant
$315.0K
Systems Software
Warrant
$3.63M
Systems Software
Warrant
$846.0K
Systems Software
Warrant
$346.0K
Technology Hardware & Equipment
Warrant
$9.0K
Application Software
Warrant
Application Software JWP Holdco LLC (fka Longtail Ad Solutions, Inc.)
Investment Type
Warrant
$47.0K
Debt Investments Commercial & Professional Services Shepherd Intermediate, LLC (dba FHAS) (Revolver)
Investment Type Senior Secured Interest Rate SOFR+7.25%, 8.25% floor, Initial Acquisition Date 7/10/2025 Maturity Date 7/10/2030
Debt Investments
-$6.0K
+7.25%
Debt Investments Commercial & Professional Services Swing Education, Inc. (Revolver)
Investment Type Senior Secured Interest Rate SOFR+6.65%, 10.45% floor Initial Acquisition Date 6/27/2025 Maturity Date 6/1/2028
Debt Investments
-$166.0K
+6.65%
Debt Investments Senior Secured Gynesonics, Inc.
Debt Investments
+8.75%
Debt Investments Systems Software Digicert, Inc. (Revolver)
Investment Type Senior Secured Interest Rate SOFR+5.75%, 6.50% floor Initial Acquisition Date 7/30/2025 Maturity Date 7/30/2030
Debt Investments
-$9.0K
+5.75%
Equity Investments Commercial & Professional Services JobGet Holdings, Inc. (fka Snagajob.com, Inc.)
Investment Type Equity Series C-2
Preferred Stock
Equity investments Application Software Coginiti Corp, Investment Type Equity
Application Software
Common Stock
$4.55M