# Runway Growth Capital

Runway Growth Capital is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 205 N Michigan Ave #4200, Chicago, IL 60601
- **Founded:** 2015
- **Assets under management:** Undisclosed
- **Website:** runwaygrowth.com

## Regulatory record

- **CRD number:** 281514
- **SEC file number:** 801-108476
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/281514

## About

Runway Growth Capital is an SEC-registered investment adviser in Chicago, IL, registered since 2016. The firm manages approximately $1.0 billion in regulatory assets. It has 26 employees and 15 investment advisers.

## Sectors

- Enterprise Software
- FinTech
- AI/ML
- Healthcare Services
- Consumer
- Private Credit

## Offices

- Menlo Park, CA, United States
- New York, NY, United States

## People

- David Spreng — Founder, CEO, and CIO
- Tom Raterman — Chief Financial Officer, Chief Operating Officer
- Avisha Khubani — Chief Credit Officer
- JD Tamas — Managing Director, Healthcare

## Questions

### How is Runway Growth Capital structured after the BC Partners Credit acquisition?

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.

### Does Runway Growth Capital make equity investments alongside its loans?

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.

### What is the typical loan size and target company profile for Runway?

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.

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Last updated: 2026-06-03T20:00:00.000Z

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