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Runway Growth Finance Corp. Announces Third Quarter 2025 Total Distribution of $0.36 per Share
Globenewswire· 2025-08-07 12:30
Core Points - Runway Growth Finance Corp. declared total distributions for Q3 2025 of $0.36 per share, consisting of a regular cash dividend of $0.33 and a supplemental dividend of $0.03 [1] - The key dates for the Q3 2025 dividend include the declaration date on August 6, 2025, record date on August 18, 2025, and payment date on September 2, 2025 [2] - Runway Growth aims to distribute substantially all of its available earnings on a quarterly basis, subject to the discretion of its Board of Directors [2] - The company operates as a closed-end investment fund regulated as a business development company under the Investment Company Act of 1940 [3] - Runway Growth is externally managed by Runway Growth Capital LLC, led by industry veteran David Spreng [3]
Runway Growth Finance Corp. Provides First Quarter 2025 Portfolio Update
Newsfilter· 2025-04-17 12:30
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]
Runway Growth Finance Corp. Announces Date for First Quarter 2025 Financial Results and Conference Call
Newsfilter· 2025-04-16 12:30
Core Viewpoint - Runway Growth Finance Corp. will release its first quarter 2025 financial results on May 13, 2025, and will hold a conference call to discuss these results [1]. Company Overview - Runway Growth is a specialty finance company that provides flexible capital solutions to late- and growth-stage companies as an alternative to raising equity [3]. - The company is structured as a closed-end investment fund and is regulated as a business development company under the Investment Company Act of 1940 [3]. - Runway Growth is externally managed by Runway Growth Capital LLC, which was established in 2015 and is led by industry veteran David Spreng [3].