other material
confidence high
sentiment neutral
materiality 0.50
Runway Growth Q3 2023 portfolio update: $40.8M funded loans, $125.3M prepayments
Runway Growth Finance Corp.
- Funded six investments totaling $40.8M, including $20M to Elevate Services and $11.1M follow-on to Kin Insurance.
- Five prepayments totaling $125.3M, including full repayment of $55M from Allurion and $40M from Epic IO.
- Portfolio: 29 debt investments in 28 companies and 62 equity investments in 45 companies, all first lien senior secured.
- Acting CEO cites strong balance sheet, ample capital, robust pipeline for re-deployment in a lender-friendly market.