Core Insights - Runway Growth Finance Corp. completed 11 investments totaling $128.3 million in the third quarter of 2025, focusing on both new and existing portfolio companies [1][3] - The company emphasizes a disciplined underwriting approach and aims to optimize a diversified portfolio across technology, healthcare, and select consumer sectors [2][4] Investment Activities - The investments included two new portfolio companies, eight existing portfolio companies, and one investment in Runway-Cadma I LLC [3] - Notable liquidity events in the third quarter totaled $201.2 million, including significant investments in companies like Kin Insurance, Madison Reed, and Skillshare [3] Portfolio Overview - As of September 30, 2025, the portfolio comprised 47 debt investments across 30 companies and 89 equity investments in 47 companies, with 23 companies receiving both debt and equity support [5] - The focus remains on late and growth-stage businesses in high-growth sectors such as technology and healthcare [4][5] Company Structure and Management - Runway Growth operates as a credit-first organization, prioritizing high-quality late-stage companies in the venture debt market [4] - The company is externally managed by Runway Growth Capital LLC, an affiliate of BC Partners Advisors L.P., and led by industry veteran David Spreng [6]