Runway Growth Finance Corp. Provides Second Quarter 2025 Portfolio Update
Runway Growth Finance Corp. (Nasdaq: RWAY), a provider of flexible capital solutions, has released its Q2 2025 portfolio update. The company completed three investments totaling $37.8 million in funded loans during the quarter, including new investments in Autobooks ($27.0M) and Swing Education ($8.0M), plus a $2.8M investment in existing portfolio company Marley Spoon SE.
The quarter saw significant liquidity events, including a $25.0M full principal repayment from SetPoint Medical Corporation and $4.1M in scheduled loan amortization payments. As of June 30, 2025, RWAY's portfolio comprised 48 debt investments across 31 companies and 89 equity investments in 49 companies, focusing on technology, healthcare, and select consumer sectors.
Runway Growth Finance Corp. (Nasdaq: RWAY), fornitore di soluzioni di capitale flessibile, ha pubblicato l'aggiornamento del portafoglio per il secondo trimestre 2025. Durante il trimestre, la società ha completato tre investimenti per un totale di 37,8 milioni di dollari in prestiti finanziati, inclusi nuovi investimenti in Autobooks (27,0 milioni di dollari) e Swing Education (8,0 milioni di dollari), oltre a un investimento di 2,8 milioni di dollari nella società già presente nel portafoglio Marley Spoon SE.
Il trimestre ha visto importanti eventi di liquidità, tra cui un rimborso integrale del capitale di 25,0 milioni di dollari da SetPoint Medical Corporation e pagamenti di ammortamento programmati sui prestiti per 4,1 milioni di dollari. Al 30 giugno 2025, il portafoglio di RWAY comprendeva 48 investimenti in debito distribuiti su 31 società e 89 investimenti azionari in 49 società, con un focus su tecnologia, sanità e alcuni settori consumer selezionati.
Runway Growth Finance Corp. (Nasdaq: RWAY), proveedor de soluciones de capital flexibles, ha publicado su actualización de cartera del segundo trimestre de 2025. La empresa completó tres inversiones por un total de 37,8 millones de dólares en préstamos financiados durante el trimestre, incluyendo nuevas inversiones en Autobooks (27,0 M$) y Swing Education (8,0 M$), además de una inversión de 2,8 M$ en la compañía ya existente en cartera Marley Spoon SE.
El trimestre registró eventos significativos de liquidez, incluyendo un reembolso total del principal de 25,0 millones de dólares de SetPoint Medical Corporation y pagos programados de amortización de préstamos por 4,1 millones de dólares. Al 30 de junio de 2025, la cartera de RWAY estaba compuesta por 48 inversiones en deuda en 31 compañías y 89 inversiones en capital en 49 compañías, centrándose en tecnología, salud y sectores selectos de consumo.
Runway Growth Finance Corp. (나스닥: RWAY)는 유연한 자본 솔루션 제공업체로서 2025년 2분기 포트폴리오 업데이트를 발표했습니다. 회사는 분기 동안 총 3,780만 달러 규모의 대출 투자 세 건을 완료했으며, Autobooks에 2,700만 달러, Swing Education에 800만 달러, 기존 포트폴리오 회사인 Marley Spoon SE에 280만 달러를 신규 투자했습니다.
이번 분기에는 SetPoint Medical Corporation으로부터 2,500만 달러 전액 원금 상환과 4백10만 달러의 예정된 대출 원금 상환금 등 중요한 유동성 이벤트가 있었습니다. 2025년 6월 30일 기준으로 RWAY의 포트폴리오는 31개 회사에 걸친 48건의 부채 투자와 49개 회사에 대한 89건의 지분 투자로 구성되어 있으며, 기술, 헬스케어 및 일부 소비자 부문에 집중하고 있습니다.
Runway Growth Finance Corp. (Nasdaq : RWAY), fournisseur de solutions de capital flexibles, a publié sa mise à jour de portefeuille pour le deuxième trimestre 2025. La société a réalisé trois investissements totalisant 37,8 millions de dollars en prêts financés au cours du trimestre, incluant de nouveaux investissements dans Autobooks (27,0 M$) et Swing Education (8,0 M$), ainsi qu’un investissement de 2,8 M$ dans la société déjà présente dans le portefeuille, Marley Spoon SE.
Le trimestre a connu des événements de liquidité importants, notamment un remboursement intégral du principal de 25,0 millions de dollars de SetPoint Medical Corporation et 4,1 millions de dollars de paiements d’amortissement de prêts programmés. Au 30 juin 2025, le portefeuille de RWAY comprenait 48 investissements en dette répartis sur 31 entreprises et 89 investissements en actions dans 49 entreprises, avec un focus sur la technologie, la santé et certains secteurs de consommation sélectionnés.
Runway Growth Finance Corp. (Nasdaq: RWAY), ein Anbieter flexibler Kapitallösungen, hat sein Portfolio-Update für das zweite Quartal 2025 veröffentlicht. Das Unternehmen tätigte im Quartal drei Investitionen mit einem Gesamtvolumen von 37,8 Millionen US-Dollar in finanzierte Darlehen, darunter neue Investitionen in Autobooks (27,0 Mio. USD) und Swing Education (8,0 Mio. USD) sowie eine Investition von 2,8 Mio. USD in das bestehende Portfoliounternehmen Marley Spoon SE.
Im Quartal gab es bedeutende Liquiditätsereignisse, darunter eine vollständige Rückzahlung des Kapitals in Höhe von 25,0 Mio. USD von SetPoint Medical Corporation sowie planmäßige Darlehensamortisationszahlungen in Höhe von 4,1 Mio. USD. Zum 30. Juni 2025 umfasste das Portfolio von RWAY 48 Schuldeninvestitionen in 31 Unternehmen und 89 Beteiligungsinvestitionen in 49 Unternehmen, mit Fokus auf Technologie, Gesundheitswesen und ausgewählte Konsumsektoren.
- Completed three new investments totaling $37.8M in funded loans
- Received full principal repayment of $25.0M from SetPoint Medical
- Portfolio diversification across 48 debt investments and 89 equity investments
- Integration with BC Partners platform enhancing origination channels
- Smaller loan sizes indicating more conservative lending approach
- Reduced investment size per deal compared to historical standards
Insights
RWAY funded $37.8M across three investments while receiving $29.1M in repayments, showing portfolio optimization with smaller, diversified loans post-BC Partners integration.
Runway Growth's Q2 2025 portfolio update reveals a strategic shift toward smaller, more diversified investments following its integration with BC Partners. The company deployed
The company funded two new portfolio companies: Autobooks (
On the liquidity front, the company received full repayment of a
The portfolio now includes 48 debt investments across 31 companies and 89 equity investments in 49 companies, with 26 companies having both debt and equity exposure. The strategy emphasizes sector diversification across technology, healthcare, and select consumer industries, with a credit-first approach that appears to be yielding predictable repayments while allowing for new deployment opportunities.
Management's commentary suggests the BC Partners platform is enhancing origination capabilities, allowing RWAY to maintain its selective lending approach while accessing a broader opportunity set. The focus on portfolio optimization through smaller, more diverse loans indicates a potential shift from their historical larger-ticket lending strategy.
Completed Three Investments in New and Existing Portfolio Companies Representing
MENLO PARK, Calif., July 15, 2025 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the quarter ended June 30, 2025.
“In the second quarter of 2025, Runway Growth demonstrated our focus on portfolio optimization as we added high quality names to our portfolio at attractive investment sizes. With the backing of the broader BC Partners platform, we are enhancing our origination channels and driving portfolio diversification by issuing smaller loans to late- and growth-stage businesses within technology, healthcare and select consumer sectors,” said David Spreng, Founder and CEO of Runway Growth. “We are pleased with the pipeline of opportunities we have generated since integrating onto the BC Partners platform and remain committed to upholding our rigorous underwriting standards and credit-first approach to portfolio management.”
Originations
In the second quarter of 2025, Runway Growth funded three investments: two investments in new portfolio companies and one investment in an existing portfolio company. These include:
- Completion of a new
$40.0 million investment to Autobooks, Inc. (“Autobooks”), funding$27.0 million at close. Autobooks is a financial technology innovator providing integrated payment, invoice, and accounting solutions specifically tailored to small and medium sized businesses; - Completion of a new
$20.0 million investment to Swing Education, Inc. (“Swing Education”), funding$8.0 million at close. Swing Education is a leading online marketplace that connects schools with qualified substitute teachers; and - Completion of a new
$2.8 million investment to existing portfolio company, Marley Spoon SE.
Subsequent to quarter end, Runway Growth completed a new
Liquidity Events
During the second quarter of 2025, Runway Growth experienced the following liquidity events in its investment portfolio:
- Full principal repayment of the Company’s senior secured term loan to SetPoint Medical Corporation of
$25.0 million ; and - Other scheduled loan principal amortization payments of
$4.1 million .
Subsequent to quarter end, Runway Growth received a full principal repayment of the Company’s senior secured term loan to Nalu Medical Inc. of
Portfolio Construction and Management
Runway Growth is a credit-first organization, carefully structured to focus on what it believes to be the highest quality, late-stage companies in the venture debt market. The Company seeks to uphold industry-leading investment standards as well as disciplined underwriting and monitoring of its portfolio. Runway Growth is positioned as a preferred lender in the venture debt space, supporting and working closely with companies to help them reach their full growth potential. Since inception, the Company has focused on the fastest growing sectors of the economy, including healthcare, technology and select consumer services and products industries.
As of June 30, 2025, the Runway Growth portfolio included 48 debt investments to 31 portfolio companies and 89 equity investments in 49 portfolio companies, including 26 portfolio companies where Runway Growth holds both a debt and equity investment. Investments were comprised of late and growth-stage businesses in the technology, healthcare and select consumer services and products industries. Runway Growth’s normal business operations include frequent communication with portfolio companies.
About Runway Growth Finance Corp.
Runway Growth is a growing specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Runway Growth is externally managed by Runway Growth Capital LLC, an established registered investment adviser that was formed in 2015 and led by industry veteran David Spreng. For more information, 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 forward-looking statements as a result of a number of factors, including those described from time to time in Runway Growth’s filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Important Disclosures
Strategies described involve special risks that should be evaluated carefully before a decision is made to invest. Not all of the risks and other significant aspects of these strategies are discussed herein. Please see a more detailed discussion of these risk factors and other related risks in the Company’s most recent annual report on Form 10-K in the section entitled “Risk Factors”, which may be obtained on the Company’s website, www.runwaygrowth.com, or the SEC’s website, www.sec.gov.
IR Contacts:
Taylor Donahue, Prosek Partners, rway@prosek.com
Thomas B. Raterman, Chief Financial Officer and Chief Operating Officer, tr@runwaygrowth.com
FAQ
What investments did Runway Growth Finance (RWAY) make in Q2 2025?
How many portfolio companies does Runway Growth Finance (RWAY) have as of Q2 2025?
What major repayments did RWAY receive in Q2 2025?
What sectors does Runway Growth Finance (RWAY) focus on for investments?
What was the subsequent investment made by RWAY after Q2 2025?
