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] Investment Activities - The company funded two new portfolio companies and five existing ones during the fourth quarter [3] - Notable investments include $41 million in VertexOne, $40 million in Brivo, $43 million in Piano Software, and $26.7 million in Hurricane CleanCo [4] - The company also made follow-on investments totaling $3.3 million in three existing portfolio companies [4] Portfolio Management - As of December 31, 2024, Runway Growth's portfolio consisted of 47 debt investments across 32 companies and 88 equity investments in 53 companies, with 28 companies receiving both types of investments [5] - The company emphasizes a credit-first approach, focusing on high-quality late-stage companies in the venture debt market [3] Future Outlook - Runway Growth is set to close a business combination with BC Partners in the first quarter of 2025, aiming to leverage combined resources for accelerated originations [2] - The company is focused on expanding and diversifying its financing solutions to capitalize on attractive investment opportunities [2]