Runway Growth Credit Fund Provides First Quarter 2021 Portfo

Runway Growth Credit Fund Provides First Quarter 2021 Portfolio Update


Runway Growth Credit Fund Provides First Quarter 2021 Portfolio Update
- $53.3 Million in Funded Loans
- Total Loan and Investment Originations Since Inception Grows To $922.7 Million and $822.8 million in Funded Investments
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WOODSIDE, Calif., April 14, 2021 /PRNewswire/ -- Runway Growth Credit Fund Inc. (the "Fund" or "Runway Growth"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, provided an operational and portfolio update for the first quarter ended March 31, 2021.
"Investment activity continued at pace during the first quarter. We completed $53.3 million in loans to and other investments in new and existing portfolio companies during the first quarter. We are seeing strong interest in our life sciences vertical and demand for growth loans in the technology sector is increasing," said Runway Growth CEO, David Spreng. "In a year challenged by economic uncertainty, market volatility, and financial hardship, we are pleased with the level of investment activity during the first quarter and our continuing support of entrepreneurs and sponsors. We continue to diversify and, during the first quarter, we expanded our portfolio with $546.6 million in loan principal outstanding to 22 companies across multiple technology and life sciences sectors in North America and the United Kingdom." 

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