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Runway Growth Finance Corp. Provides Fourth Quarter 2024 Portfolio Update
RWAYRunway Growth Finance (RWAY) Newsfilter·2025-01-16 13:30

Core Insights - Runway Growth Finance Corp. completed seven investments totaling 154millioninthefourthquarterof2024,focusingonhigh−growthsectorssuchastechnology,healthcare,andconsumerservices[1][2][3]−Thecompanyaimstoexpandanddiversifyitsfinancingsolutions,leveragingaproposedbusinesscombinationwithBCPartnerstoenhancegrowthopportunitiesforshareholders[2][3]InvestmentActivities−InQ42024,RunwayGrowthfundedtwonewportfoliocompaniesandfiveexistingones,withsignificantinvestmentsincluding154 million in the fourth quarter of 2024, focusing on high-growth sectors such as technology, healthcare, and consumer services [1][2][3] - The company aims to expand and diversify its financing solutions, leveraging a proposed business combination with BC Partners to enhance growth opportunities for shareholders [2][3] Investment Activities - In Q4 2024, Runway Growth funded two new portfolio companies and five existing ones, with significant investments including 41 million in VertexOne, 40millioninBrivo,and40 million in Brivo, and 43 million in Piano Software [3][4] - The company also made follow-on investments totaling 3.3millionacrossthreeexistingportfoliocompanies[4]PortfolioManagement−AsofDecember31,2024,RunwayGrowth′sportfoliocomprised47debtinvestmentsin32companiesand88equityinvestmentsin53companies,withafocusonlateandgrowth−stagebusinesses[5]−Thecompanyemphasizesacredit−firstapproach,maintaininghighinvestmentstandardsanddisciplinedportfoliomonitoring[3][5]LiquidityEvents−DuringQ42024,RunwayGrowthreportedfullprincipalrepaymentsonseveralseniorsecuredtermloans,including3.3 million across three existing portfolio companies [4] Portfolio Management - As of December 31, 2024, Runway Growth's portfolio comprised 47 debt investments in 32 companies and 88 equity investments in 53 companies, with a focus on late and growth-stage businesses [5] - The company emphasizes a credit-first approach, maintaining high investment standards and disciplined portfolio monitoring [3][5] Liquidity Events - During Q4 2024, Runway Growth reported full principal repayments on several senior secured term loans, including 91.7 million from VertexOne and $32.3 million from Brivo, along with other scheduled principal amortizations [4]