Exclusive Financial Advisor to Runway Growth Capital LLC

Runway and BC Partners announced a definitive agreement under which BC Partners’ credit arm will acquire Runway as a long-term, strategic investment. This partnership positions Runway to capture a significant portion of the venture growth ecosystem and allows Runway to move up the value chain with differentiated access to the lower-to-middle market. As a full-service credit platform, Runway will service expanded origination channels, provide enhanced investment solutions and accelerate capital formation and fundraising capabilities through its newly established partnership with BC Partners.

Founded in 2015, Runway is the investment adviser to investment funds, including Runway Growth Finance Corp. (Nasdaq: RWAY), a publicly-traded business development company, and other private funds, which are lenders of growth capital to companies seeking an alternative to raising equity. Runway is a premier private markets alternative asset manager and manages over $1.3 billion in assets across its investment vehicles (as of 06/30/2024). Led by industry veteran David Spreng, these funds provide senior term loans of a target of $30 million to $150 million to fast-growing companies based in the United States and Canada.

BC Partners is a leading international investment firm in private equity, private debt and real estate strategies with approximately $40 billion of AUM. BC Partners Credit, the $8 billion credit arm of BC Partners, was launched in February 2017, with a focus on identifying attractive credit opportunities in any market environment, often in complex market segments.

Following the transaction close, which is expected to occur in the fourth quarter of 2024, Runway will continue to operate independently and serve as the external investment adviser to Runway Growth Finance Corp., with the current leadership and investment teams remaining in place.

Read the full press release here.