Runway Growth Finance Corp. Provides Fourth Quarter 2024 Portfolio Update

Core Insights - Runway Growth Finance Corp. completed seven investments totaling $154 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, $40 million in Brivo, and $43 million in Piano Software [3][4] - The company also made follow-on investments totaling $3.3 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]