None
EN
Runway Growth Finance Q2 Earnings Call Highlights
['Patrick Bannon']
Daily Political
Net assets increased to $502.6 million from $438.2 million, while net asset value per share declined 2% to $11.91.
Credit performance and realized lossesRunway reported a $45.3 million net realized loss on investments in the second quarter, compared with a $1.3 million net realized gain in the first quarter.
Runway also announced the appointment of Mike Rovner as co-CEO of Runway Growth Finance and co-chief investment officer of Runway Growth Capital, serving alongside Spreng.
About Runway Growth Finance (NASDAQ:RWAY)Runway Growth Finance, Inc is a publicly traded business development company that provides customized debt and equity financing solutions to high‐growth, venture‐backed companies.
Originally launched in 2017 under the name Saratoga Investment Corp., the company rebranded as Runway Growth Finance in 2020 following the acquisition of an established middle‐market credit manager.