Runway Growth Capital

In January 2025, BC Partners Credit — a credit platform within the $40 billion alternative asset manager BC Partners — acquired Runway Growth Capital. The firm continues to operate independently with its full team intact and remains the investment adviser to Runway Growth Finance Corp. (NASDAQ: RWAY). This structure combines institutional permanent capital from BC Partners with public-market capital through RWAY, while keeping the existing origination and underwriting team in place.

No. Runway provides senior secured term loans to late-stage and growth-stage companies, and does not take equity stakes, board seats, or warrants as a standard part of its financing. The firm's value proposition is minimally dilutive capital for founders and management teams who have already raised significant equity rounds and want to avoid further ownership dilution.

Runway's loans range from $10 million to $150 million and are structured as senior secured term loans to venture-backed, late-stage companies with strong fundamentals and clear growth trajectories. Target sectors include enterprise SaaS, AI/ML, fintech, healthcare technology, and consumer. The firm focuses on companies generating revenue that need balance-sheet capital to extend runway or bridge to a larger equity or liquidity event.