Runway Growth Finance provides Q3 portfolio update

Runway Growth Finance provided an operational and portfolio update for the third quarter ended September 30, 2024. Originations: In the third quarter of 2024, Runway Growth funded seven investments: two investments in new portfolio companies and five investments in existing portfolio companies. These include: Completion of a new $23.0 million investment to Snap! Mobile; Completion of a new $45.3 million investment to Zinnia Corporate Holdings; Completion of a new $20 million investment to existing portfolio company Elevate Services; Completion of follow-on investments with an aggregate amount of $6.3 million to two existing portfolio companies; and During the quarter Runway-Cadma I, its joint venture with Cadma Capital Partners LLC, purchased a portion of its Airship Group, Inc. loan, amounting to a $5.0 million equity investment in the JV subsidiary. During the third quarter ended September 30, 2024, Runway Growth experienced the following liquidity events: Full principal repayment of the Company’s senior secured term loan to CloudPay, Inc. of $75.0 million; An assignment of $10.0 million of the Company’s investment in Airship Group, Inc. to the JV; and Other scheduled principal amortization of $0.6 million.