Runway Growth Finance Corp. announced an operational and portfolio update for the third quarter ended September 30, 2024. During this period, the company funded seven investments, which included two new portfolio companies and five existing ones, totaling $74.0 million in funded loans net of upfront origination fees.
The company's portfolio as of September 30, 2024, comprised 49 debt investments across 32 portfolio companies and 86 equity investments in 53 portfolio companies. This composition reflects Runway Growth's focus on late-stage and growth-oriented businesses in technology, healthcare, and select consumer services and products industries.
Significant liquidity events in the third quarter included the full repayment of a $10.0 million senior secured loan from Betterment Holdings, Inc. on July 1, 2024. Additionally, a $15.0 million senior secured loan from FiscalNote Holdings, Inc. and an $18.5 million senior secured loan from Predactiv, Inc. (fka Sharethis, Inc.) were fully repaid on July 1, 2024, providing capital for redeployment.
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