Business
Runway Growth Capital Closes Acquisition by BC Partners Credit and Mount Logan Capital
Runway Growth Capital will continue to operate independently and serve as the external investment adviser to Runway Growth Finance Corp. (Nasdaq: RWAY), with
About this update from Runway Growth Finance Corp.
[{"type":"text","content":"Runway Growth Capital will continue to operate independently and serve as the external investment adviser to Runway Growth Finance Corp. (Nasdaq: RWAY), with the current team remaining in placeRunway Growth Capital will leverage BC Partners Credit's extensive platform, resources, and scale to accelerate capital formation and diversify financing options for both investors and borrowersMENLO PARK, Calif. and NEW YORK, Jan. 30, 2025 /PRNewswire/ -- Runway Growth Capital LLC (\"Runway\"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, the $8 billion credit arm of BC Partners, an approximately $40 billion AUM alternative investment firm, today announced that they, along with Mount Logan Capital, a Canadian alternative asset management company internally managed by employees of BC Partners Credit, closed a transaction whereby private investment funds advised by BC Partners Credit, and Mount Logan Capital pursuant to its minority investment, have acquired Runway Growth Capital LLC.\n\n \n \n \n \n \n \n\n \nRunway will continue to serve as the investment adviser to private investment funds and to Runway Growth Finance Corp. (Nasdaq: RWAY) (\"Runway Growth Finance\"), a publicly-traded business development company, under a new investment advisory agreement. As previously announced, Runway's current officers, senior management and investment personnel are expected to continue to serve as officers and senior management.\nTed Goldthorpe, Head of BC Partners Credit, said, \"Combining Runway's expertise, network, and track record in venture debt with the global scale and resources of BC Partners Credit enables our combined firm to establish a diversified presence in the venture debt ecosystem. Runway's solutions are in high demand. We look forward to expanding Runway's investment capabilities, on day one, and to Runway continuing to drive returns for investors through attractive risk-adjusted investments.\"\nRunway Founder and Chief Executive Officer David Spreng commented, \"Officially joining the BC Partners Credit platform marks an exciting new chapter for Runway and significantly contributes to our long-term vision of providing financing solutions to high quality, late and growth-stage companies. This transaction well positions Runway t...