Runway Growth Finance Corp. Provides First Quarter 2025 Portfolio Update

Core Insights - Runway Growth Finance Corp. reported operational and portfolio updates for Q1 2025, highlighting its focus on providing flexible capital solutions to late- and growth-stage companies [1][5] - The company emphasized its commitment to maintaining credit quality and disciplined underwriting in the current market environment, especially after the acquisition of its investment adviser by BC Partners Advisors L.P. [2][3] Originations - In Q1 2025, Runway Growth funded three investments in existing portfolio companies, demonstrating its active engagement in the venture debt market [3] - The company is positioned as a preferred lender, focusing on high-quality late-stage companies in sectors such as technology, healthcare, and consumer services [3][4] Portfolio Management - As of March 31, 2025, Runway Growth's portfolio consisted of 46 debt investments across 31 companies and 84 equity investments in 47 companies, with 26 companies receiving both types of investment [4] - The company maintains frequent communication with its portfolio companies to support their growth potential [4] Liquidity Events - Notable liquidity events in Q1 2025 included: - A full principal repayment of $25.6 million from Gynesonics, Inc., along with liquidation of preferred stock for total proceeds of $37.4 million - A partial principal repayment of $11.3 million from FiscalNote Holdings, Inc. - Liquidation of Quantum Corporation's common stock for total proceeds of $0.7 million - Other scheduled loan principal amortization payments totaling $3.7 million [6]