RWAY on Nasdaq

Runway Growth Finance Corp.

Fund registered in the United States, based in Chicago, active since 2015. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerRWAY on Nasdaq2
  • HeadquartersChicago, United States2
  • Incorporated inMD3
  • Business address205 N. Michigan Ave., Suite 4200, Chicago, Il 606013
  • Filer category, Emerging growth company3
  • Legal formFUND2
  • Kind of organizationFund2
  • LEI254900AXR3J2N1XT0V022
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST INCORPORATED, 21093 Lutherville Timonium, United States2
  • Registered withSecurities and Exchange Commission, 00016533842

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Runway Growth Finance Corp. ("we," "us," "our," or the "Company"), a Maryland corporation formed on August 31, 2015, is structured as an externally managed, non-diversified closed-end management investment company. On August 18, 2021, we changed our name to "Runway Growth Finance Corp." from "Runway Growth Credit Fund Inc." We are a specialty finance company focused on providing senior secured loans to high growth-potential companies in technology, healthcare, business services, financial services, select consumer services and products and other high-growth industries. Our goal is to create significant value for our stockholders and the entrepreneurs we support by providing high growth-potential companies with hybrid debt and equity financing that is more flexible than traditional credit and less dilutive than equity. Our investment objective is to maximize our total return to our stockh…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income5678$34.0M in 2025−28% since 2020
0$20.0M$40.0M$60.0M$80.0M2020: $47.0M$47.0M20202021: $45.6M$45.6M2021−3%2022: $32.2M$32.2M2022−29%2023: $44.3M$44.3M2023+37%2024: $73.6M$73.6M2024+66%2025: $34.0M$34.0M2025−54%

Every line of the income statement as filed: the last 5 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-312022-12-312021-12-31
Other income$582.0K$531.0K$488.0K
Total investment income$137.3M$144.6M$164.2M
Management fees$15.7M$15.7M$16.7M
Incentive fees$14.5M$14.6M$19.0M
Interest and other debt financing expenses$42.7M$44.2M$43.1M
Professional fees$2.2M$2.2M$2.4M
Administration agreement expenses$2.6M$2.0M$2.1M
Insurance expense$646.0K$829.0K$1.0M
Tax expense$880.0K$392.0K$664.0K
Other expenses$1.3M$976.0K$867.0K
Total operating expenses$80.4M$80.9M$85.9M
Net investment income$56.9M$63.8M$78.3M
Net realized gain (loss) on investments$2.9M-$2.9M-$18.4M
Net realized gain (loss) on forward contracts and foreign currency transactions-$26.0K$0$0
Net realized gain (loss)$2.8M-$2.9M-$18.4M
Net change in unrealized gain (loss) on investments-$25.0M$12.8M-$15.5M
Net change in unrealized gain (loss) on forward contracts and foreign currency transactions-$711.0K$0$0
Net change in unrealized gain (loss)-$25.7M$12.8M-$15.5M
Net realized and unrealized gain (loss)-$22.9M$9.9M-$33.9M
Net increase (decrease) in net assets resulting from operations$34.0M$73.6M$44.3M
Net investment income per common share (basic and diluted)$1.55$1.64$1.93$1.46$1.30
Net increase (decrease) in net assets resulting from operations per common share, Basic$0.93$1.89$1.09
Net increase (decrease) in net assets resulting from operations per common share, Diluted$0.93$1.89$1.09
Weighted average shares outstanding, Basic36.7M shares38.9M shares40.5M shares41.0M shares34.2M shares
Weighted average shares outstanding, Diluted36.7M shares38.9M shares40.5M shares

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Leadership

Who has led Runway Growth Finance Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. R. David Spreng2016–2023
  2. Gregory Louis Greifeld2023
  3. Michael Rovner2026–now

President

  1. R. David Spreng2016–now

Chief financial officer

  1. Thomas B. Raterman2016–2026
  2. Carmela Thomson2026–now

Chief operating officer

  1. Thomas B. Raterman2026–now
20202025
Board members and other officers (13)

Former names

  • Runway Growth Credit Fund Inc.Jun 14, 2017 to Aug 20, 20213
  • GSV Growth Credit Fund Inc.Dec 9, 2015 to May 8, 20173

Timeline

  1. Aug 6, 2026New chief executive Michael Rovner becomes CEO11
  2. Aug 10, 2023New chief executive Gregory Louis Greifeld becomes CEO12
  3. Apr 12, 2016New chief executive R. David Spreng becomes CEO13
  4. Aug 31, 2015Founded Runway Growth Finance Corp. is founded2

Filings

322 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 83 major events, 97 insider forms, 13 large holders, 107 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Oct 2, 2026CERT EDGAR
  3. Oct 1, 20268-A12B EDGAR
  4. Oct 1, 20268-K EDGAR
  5. Oct 1, 2026N-23C-2 EDGAR
  6. Sep 28, 2026424B2 EDGAR
  7. Sep 25, 20268-K EDGAR
  8. Sep 25, 2026FWP EDGAR
  9. Sep 25, 2026424B2 EDGAR
  10. Sep 25, 2026424B2 EDGAR
  11. Sep 23, 2026424B2 EDGAR
  12. Sep 22, 20264 OWNERSHIP DOCUMENT EDGAR
  13. Sep 10, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Aug 18, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Aug 17, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Aug 6, 202610-Q EDGAR
  17. Aug 6, 20268-K EDGAR
  18. Aug 6, 20263 OWNERSHIP DOCUMENT EDGAR
  19. Aug 5, 20268-K EDGAR
  20. Jul 15, 20268-K EDGAR

The 322 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

162 open-market trades by officers, directors and large owners since October 2021: 145 buys and 17 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 22, 2026Goldthorpe Edward J.DirectorBuy6,251$6.76$42.3KForm 4
Sep 21, 2026Goldthorpe Edward J.DirectorBuy3,749$6.72$25.2KForm 4
Sep 9, 2026Rovner MichaelCo-Chief Executive OfficerBuy7,000$6.57$46.0KForm 4
Aug 14, 2026SPRENG R DAVIDPresident and Co-CEOBuy1,000$6.89$6.9KForm 4
Aug 13, 2026Thomson CarmelaCFO, Treasurer and SecretaryBuy8,000$6.97$55.8KForm 4
May 20, 2026Raterman Thomas B.CFO, COOBuy7,000$6.34$44.4KForm 4
May 20, 2026SPRENG R DAVIDPresident and Co-CEOBuy3,000$6.37$19.1KForm 4
May 14, 2026Raterman Thomas B.CFO, COOBuy3,000$6.67$20.0KForm 4
Apr 9, 2026Carlson Capital, L.P.10% ownerSale560,105$6.59$3.7MForm 4
Nov 17, 2025Oaktree Capital Group Holdings GP, LLC10% ownerSale1,250,000$9.05$11.3MForm 4
Aug 8, 2025OCM Growth Holdings LLC10% ownerSale500,000$10.80$5.4MForm 4
Jul 1, 2025Oaktree Capital Holdings, LLC10% ownerSale1,000,000$10.45$10.4MForm 4
Apr 1, 2025Oaktree Capital Group Holdings GP, LLC10% ownerSale1,000,000$10.35$10.3MForm 4
Dec 19, 2024SPRENG R DAVIDPresident and Co-CEOBuy1,000$10.34$10.3KForm 4
Nov 20, 2024Raterman Thomas B.CFO, COOBuy8,803$10.18$89.6KForm 4
Nov 20, 2024SPRENG R DAVIDPresident and Co-CEOBuy8,803$10.18$89.6KForm 4
Nov 19, 2024SPRENG R DAVIDPresident and Co-CEOBuy13,187$10.10$133.2KForm 4
Nov 19, 2024Raterman Thomas B.CFO, COOBuy13,187$10.10$133.2KForm 4
Nov 18, 2024SPRENG R DAVIDPresident and Co-CEOBuy7,556$10.12$76.5KForm 4
Nov 18, 2024Raterman Thomas B.CFO, COOBuy7,556$10.12$76.5KForm 4

All 162 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 96. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Oaktree Capital Management LP7,029,667$39.4M1.0%No change
Sound Income Strategies, LLC2,003,042$11.2M0.5%+159,810
Ares Management LLC1,517,179$8.5M0.4%+339,356
HighTower Advisors, LLC1,343,131$7.5M0.0%−51,449
Bulldog Investors, LLP1,019,054$5.7M1.3%−181,075
North Ground Capital728,000$4.1M4.9%−233,326
Allium Financial Advisors, LLC715,665$4.0M2.6%−60,140
Franklin Resources Inc573,697$3.2M0.0%+33,947
Summit Financial, LLC543,246$3.0M0.0%+15,255
Alpine Global Management, LLC500,192$2.8M0.5%−181,059
Morgan Stanley486,912$2.7M0.0%+276,118
O'shaughnessy Asset Management, LLC431,542$2.4M0.0%+147,532
Legal & General Group Plc278,034$1.6M0.0%No change
Sbe LLC Dba Cedar Cove Wealth Partners275,536$1.5M0.7%+57,369
Man Group plc186,066$1.0M0.0%+30,805
Bank Of America Corp /de/175,284$983.3K0.0%New
Crewe Advisors LLC172,002$964.9K0.1%No change
UMB Bank, n.a.156,944$880.5K0.0%+82,740
Evanson Financial, LLC150,467$844.1K0.0%New
Millennium Management LLC145,448$816.0K0.0%New
Marshall Wace, Llp141,904$796.1K0.0%−208,815
UBS Group AG128,176$719.1K0.0%−215,054
Virtus Investment Advisers, LLC121,023$678.9K0.2%+24,174
BlackRock, Inc.118,235$663.3K0.0%+16,026
D. E. Shaw & Co., Inc.110,095$617.6K0.0%−15,064

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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