Runway Growth Finance Corp is a specialty finance company and business development company that provides senior secured loans to high-growth potential companies in technology, life sciences, healthcare information and services, business services, financial services, select consumer services and products, and other high-growth industries. It focuses on late-stage and growth companies, offering flexible financing solutions that are more accessible than traditional credit and less dilutive than equity financing. The company invests primarily in senior secured term loans, with occasional second lien loans, and may acquire warrants or other equity securities alongside its debt investments. Its investment objective centers on generating current income from the loan portfolio and capital appreciation from equity positions. Runway Growth Finance Corp maintains a portfolio with investments across the United States, Germany, the UK, Canada, and the Netherlands, with the majority in the US. Externally managed by Runway Growth Capital, it operates as a closed-end management investment company regulated as a business development company under the Investment Company Act and qualifies as a regulated investment company for tax purposes. Headquartered in Chicago, Illinois, and founded in 2015, it plays a key role in the private credit market by supporting dynamic companies' expansion needs.
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