Runway Growth Capital Welcomes Ryan McCarthy as Managing Director

Rhea-AI Summary

Runway Growth Capital (NASDAQ: RWAY) announced that Ryan McCarthy joined the firm as Managing Director on Dec. 10, 2025. McCarthy will focus on sourcing, evaluating, and structuring growth loan opportunities across the technology and life sciences markets while deepening relationships with founders, management teams, and financial sponsors.

He brings nearly two decades of experience in venture debt, debt advisory, and investment banking, most recently as Managing Director at Capital Advisors Group, and previously at TriplePoint Capital, Headwaters MB, and Rutberg & Company. McCarthy holds an MBA and MSF from Boston College and a BA from Hamilton College and is based in Menlo Park.

Market Reality Check

$9.26 Last Close

Volume Volume 306,765 is below the 20-day average of 492,221 (rel. volume 0.62x). low

Technical Price $9.17 is trading below the 200-day MA at $10.16 and 21.82% under the 52-week high.

Peers on Argus

Pre-news, RWAY was down 0.11% with mixed peer moves: JRI -0.14%, HIO -0.27%, SCM +0.79%, SOR +1.44%, HQL -1.27%, suggesting stock-specific factors rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 06	Q3 2025 earnings	Positive	+1.9%	Stronger investment income, steady NAV, and Q4 dividend alongside SWK merger update.
Nov 06	Dividend declaration	Positive	-0.7%	Announcement of <b>$0.33/share</b> Q4 2025 cash dividend and key payout dates.
Oct 28	Investor recognition	Positive	-2.5%	Named to Inc.’s Founder-Friendly Investors list and highlighted $3.0B loan commitments.
Oct 16	Earnings call notice	Neutral	-0.6%	Set date and time for Q3 2025 results release and investor conference call.
Oct 09	SWK acquisition	Positive	-2.2%	NAV-for-NAV merger to boost assets to $1.3B and increase healthcare portfolio exposure.

Pattern Detected

Recent positive strategic and recognition news often saw muted or negative next-day price moves, while core earnings news had a more supportive reaction.

Recent Company History

Over the last few months, RWAY reported Q3 2025 results with solid investment income, stable NAV, and a $0.33/share dividend, and announced the NAV-for-NAV acquisition of SWK Holdings targeting higher healthcare exposure. It also gained founder-friendly recognition from Inc. and regularly updated investors on earnings calls and dividends. Against this backdrop, today’s management hire reinforces origination depth in technology and life sciences rather than changing the financial profile seen in prior updates.

Market Pulse Summary

This announcement highlights a leadership addition aimed at deepening origination in technology and life sciences, consistent with RWAY’s recent push to expand healthcare exposure through the SWK acquisition. Recent updates showed steady earnings, active capital deployment, and regular dividends. Investors may watch how McCarthy’s relationships and deal flow translate into portfolio growth, credit quality, and net investment income over coming quarters rather than expecting immediate financial impact.

Key Terms

venture debt financial

"experience across venture debt, debt advisory, and investment banking"

Venture debt is a type of loan made to young, fast-growing companies that already raise venture capital; it acts like a bridge loan to give them extra cash without selling as much ownership. It matters to investors because it changes a company’s risk and reward mix—reducing immediate ownership dilution for founders but adding repayment obligations and possible small equity rights for lenders, which can affect future funding rounds, valuation and exit outcomes.

subordinated debt financial

"strategies, including senior and subordinated debt, venture debt, and hybrid"

Subordinated debt is a type of loan that is paid back after other debts have been settled if a company encounters financial trouble. It is considered riskier for lenders because they have lower priority in getting repaid, similar to being last in line during a payout. For investors, this means higher potential returns in exchange for taking on more risk.

hybrid instruments financial

"including senior and subordinated debt, venture debt, and hybrid instruments"

Hybrid instruments are financial securities that mix features of debt (like loans or bonds) and equity (like shares), such as paying interest but sometimes converting into stock. They matter to investors because they change a company’s risk and reward picture: hybrids can offer higher income than plain bonds while carrying the potential for share dilution or different claim priority if the issuer runs into trouble. Think of them as a vehicle that can switch between being a car and a truck depending on conditions, affecting both safety and upside.

AI-generated analysis. Not financial advice.

McCarthy will strengthen Runway's origination efforts within the technology market.

MENLO PARK, Calif., Dec. 10, 2025 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to venture and non-venture–backed companies, today announced that Ryan McCarthy has joined the firm as a Managing Director.

McCarthy brings nearly two decades of experience across venture debt, debt advisory, and investment banking, spanning the technology and life sciences markets. In his role at Runway, he will focus on sourcing, evaluating, and structuring new investment opportunities while deepening Runway's relationships with founders, management teams, and financial sponsors across the innovation economy.

Prior to joining Runway, McCarthy served as Managing Director at Capital Advisors Group, where he advised high-growth technology and life sciences companies on debt financing strategies, including senior and subordinated debt, venture debt, and hybrid instruments. He previously held roles at TriplePoint Capital, Headwaters MB, and Rutberg & Company, gaining extensive experience working with companies across the technology, media, and telecom verticals.

"We're thrilled to welcome Ryan to Runway," said Greg Greifeld, Chief Investment Officer at Runway. "His breadth of experience across venture debt and investment banking, combined with his deep understanding of capital markets and the needs of today's founders, will strengthen our ability to deliver strategic, flexible capital to growing companies."

"I'm excited to join Runway at a time when founders are increasingly seeking smart, disciplined growth capital," said McCarthy. "Runway's reputation for partnership, transparency, and consistent execution is well-known across the market, and I look forward to helping expand the firm's reach with new companies and investors."

McCarthy holds an MBA and MSF from Boston College's Carroll School of Management and a BA in Mathematics and Economics from Hamilton College. He is based in Menlo Park.

About Runway Growth Capital LLC

Runway Growth Capital LLC is the investment adviser to investment funds, including Runway Growth Finance Corp. (Nasdaq: RWAY), a business development company, and other private funds, which are lenders of growth capital to companies seeking an alternative to raising equity. Led by industry veteran David Spreng, these funds provide senior term loans of a target of $10 million to $150 million to fast-growing companies based in the United States and Canada. For more information on Runway Growth Capital LLC and its platform, please visit www.runwaygrowth.com.

Forward-Looking Statements

Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition, or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission made by Runway and Runway's affiliated funds. Neither Runway nor Runway's affiliated funds undertake a duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/runway-growth-capital-welcomes-ryan-mccarthy-as-managing-director-302637046.html

SOURCE Runway Growth Capital LLC

FAQ

Who is Ryan McCarthy and what role did he take at Runway Growth Capital (RWAY) on Dec. 10, 2025?

Ryan McCarthy joined Runway Growth Capital as a Managing Director focused on sourcing and structuring growth loan investments.

What experience does Ryan McCarthy bring to Runway Growth Capital (RWAY)?

He has nearly 20 years of experience across venture debt, debt advisory, and investment banking, including at Capital Advisors Group and TriplePoint Capital.

How will Ryan McCarthy’s hiring affect Runway Growth Capital’s (RWAY) origination efforts?

He will strengthen origination by focusing on sourcing, evaluating, and structuring new investment opportunities across technology and life sciences.

Where is Runway Growth Capital’s new Managing Director Ryan McCarthy based?

Ryan McCarthy is based in Menlo Park.

What are Ryan McCarthy’s academic qualifications listed in the Dec. 10, 2025 announcement for RWAY?

He holds an MBA and MSF from Boston College Carroll School of Management and a BA in Mathematics and Economics from Hamilton College.

Which firms did Ryan McCarthy work at prior to joining Runway Growth Capital (RWAY)?

He previously served at Capital Advisors Group, and held roles at TriplePoint Capital, Headwaters MB, and Rutberg & Company.