The advisor and affiliates have committed to purchase up to 10% of the common stock concurrently with the existing repurchase program.
Fully invested in new and existing portfolio companies, funding of $85.8 million
MENLO PARK, Calif., July 14, 2026 (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: ARWAY), (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions for late- and growth-stage companies seeking equity raising options, today provided an operating and portfolio update for the quarter ended June 30, 2026, as well as the Company’s capital But also provided an update. Allocation Strategy.
“In the first half of 2026, we continued to execute on our long-term strategy, including the successful closing of the SWK Holdings acquisition,” said David Spreng, Founder and CEO of Runway Growth. “We are operating against a challenging industry backdrop, with cautious sentiment towards software, increased scrutiny around credit and rising expectations for interest rates on valuations in the BDC sector. This environment has brought our current trading levels into sharp focus for our board, management team and investors.”
Spreng added, “We have strong confidence in the underlying business and our portfolio, and we believe our share price reflects a significant separation from those fundamentals. Against that backdrop, we, along with our advisor and partners, intend to return meaningful capital to shareholders through share purchases over the next two years. We believe this action underscores the strong alignment between Runway Growth, BC Partners and our fellow shareholders.”
Capital Allocation Strategy Update
Thoughtful capital allocation and value creation remain top priorities for runway growth. To further align with shareholders’ interests, the Company intends to focus capital allocation on share purchases, while its shares trade at a significant discount to the net asset value (“NAV”).
Our investment advisor, Runway Growth Capital LLC and its affiliates, together with the Board and management, intend to acquire up to 10% of the Company’s outstanding common stock over the next 24 months as long as the Company’s shares continue to trade below 70% of NAV, which implies a share price of $8.49 based on Runway Growth’s March 31, 2026 NAV per share, or the Company’s July 13, 2026 NAV. 60% premium. 2026 closing market value. These purchases may occur in a variety of ways, including open market purchases and privately negotiated transactions, and may be conducted in accordance with Rule 10b5-1 and Rule 10b-18.
Additionally, and as previously announced, Runway Growth’s board of directors has authorized a stock repurchase program of up to $15.0 million for the period May 7, 2026 through May 7, 2027. The Company, its management and its advisors also have the ability to conduct tender offers as part of the Company’s broader value creation initiatives.
portfolio update
As discussed on our previous earnings call, Runway Growth intentionally restrained origination activity in the first quarter of 2026 to focus on completing the acquisition of SWK Holdings Corporation (“SWK Holdings”). As a result, second quarter origination volume includes a meaningful level of activity carried over from the first quarter and is more representative of origination activity in the first half of 2026. For the remainder of the year, the company expects to accelerate net origination activity to prioritize capital allocation for repurchases of its common stock.
enforcements
During the second quarter of 2026, Runway Growth funded new and existing investments totaling $85.8 million, excluding funding related to the SWK Holdings transaction. These include:
- Closing of a new $15.0 million senior secured term loan for Buzz Finco, LLC (dba “Bumble”), a global consumer social networking platform focused on online dating and relationship-building with a distinct women-first user experience, financing the entire amount;
- Under Technologies, Inc. Closing of a new $40.0 million senior secured term loan for (dba “RHO”), a founder-focused business banking and finance automation platform serving startups and established businesses, providing $20.0 million of financing;
- 13 Cents Inc. under the Company’s previously announced $46.3 million senior secured term loan commitment. (dba “Dossier”) funding of $43.4 million, of which $15.9 million was allocated later during the quarter, bringing funding to $27.5 million during the quarter;
- Completing a new $4.0 million investment in existing portfolio company SKNV, LLC, a $4.0 million financing during the quarter; And
- Closing of follow-on investments in the aggregate amount of $19.3 million for six existing portfolio companies.
- The Company has acquired Blueshift Labs, Inc. in connection with the acquisition of Blueshift. The $31.9 million senior secured term loan provided to Blueshift (“Blueshift”) was financed by Blueconic Holding, Inc. Restructured into a new $18.5 million second lien term loan.
Additionally, following the Company’s acquisition of SWK Holdings on April 6, 2026, Runway Growth funded investments of approximately $239.6 million acquired in such transaction, including $216.2 million in 13 acquired debt positions and $23.4 million in acquired equity positions.
liquidity events
During the second quarter of 2026, Runway Growth experienced the following liquidity events totaling $36.5 million across its investment portfolio:
- $0.9 million partial principal repayment of the Company’s senior secured term loan to Shepherd Intermediate, LLC (dba Federal Hearings & Appeals Services);
- Eaton Pharmaceuticals, Inc. partial principal repayment of the Company’s senior secured term loan of $3.0 million;
- $3.5 million partial principal repayment of the Company’s senior secured term loan to ImpediMed LTC;
- 13 Cents Inc. Assignment of the Company’s $15.9 million investment in (dba “Dossier”);
- other scheduled loan principal amortization payments of $3.1 million; And
- Eaton Pharmaceuticals, Inc. Proceeds of $10.1 million from sale of equity in.
Portfolio creation and management
Runway Growth is a credit-first organization, carefully structured to focus on the highest-quality, late-stage companies in the venture debt market. The Company seeks to maintain industry-leading investment standards as well as disciplined underwriting and monitoring of its portfolio. Runway Growth is positioned as a preferred lender in the venture lending sector, supporting and working closely with companies to help them reach their full growth potential. Since inception, the company has focused on the fastest growing sectors of the economy, including healthcare, technology, and select consumer services and product industries.
As of June 30, 2026, the Runway Growth portfolio consisted of 59 debt investments in 46 portfolio companies and 102 equity investments in 67 portfolio companies, including 33 portfolio companies where Runway Growth has both debt and equity investments. Investments included late- and growth-stage businesses in the technology, health care, and select consumer services and products industries. Runway Growth’s normal business operations involve frequent communication with portfolio companies.
About Runway Growth Finance Corp.
Runway Growth is a specialty finance company focused on providing flexible capital solutions to late-stage and growth-stage companies looking to raise equity. Runway Growth is a closed-end investment fund that elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Runway Growth is externally managed by Runway Growth Capital LLC, an affiliate of BC Partners Advisors LP and led by industry veteran David Sprang. For more information, please visit www.runwaygrowth.com.
forward-looking statements
The statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Statements other than statements of historical fact included in this press release may be forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from the forward-looking statements as a result of a number of factors, including the results described from time to time in Runway Growth’s filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statements made herein. All forward-looking statements speak only as of the date of this press release.
no offer or request
This press release does not constitute a prospectus or advertisement and should not under any circumstances be construed as a prospectus or advertisement.
important revelations
The strategies described in this press release involve special risks that should be carefully evaluated before deciding to invest. Not all risks and other important aspects of these strategies are discussed here. Please see a more detailed discussion of these risk factors and other related risks in the section entitled “Risk Factors” in the Company’s latest Annual Report on Form 10-K, which can be obtained on the Company’s website, www.runwaygrowth.com, or the SEC’s website, www.sec.gov.
IR Contact:
Taylor Donahue, Prosec Partners, (email protected)
Carmela Thomson, Chief Financial Officer, (email protected)