Runway Growth Finance Corp. (RWAY) operates as a business development company (BDC), concentrating its efforts on providing senior-secured loan financing to late-stage and expanding enterprises. The firm primarily targets investments in companies within key sectors such as technology, life sciences, healthcare and information services, business services, and specific consumer goods and services. More precisely, its portfolio frequently encompasses businesses involved with electronic hardware and instruments, various software solutions (e.g., systems, application, internet), storage, peripherals, specialized consumer offerings, healthcare technology, data processing and outsourcing, internet retail, human resources, biotechnology, medical equipment, and educational services. These senior secured loans typically range from $10 million to $75 million.
Runway Growth Capital Appoints Michael Rovner as Co-Chief Executive Officer and Co-Chief Investment Officer
Runway Growth Capital appointed Michael Rovner as Co-Chief Executive Officer and Co-Chief Investment Officer, sharing the titles with founder David Spreng.
Mr. Rovner joins from BC Partners and brings over 30 years of experience in growth lending and private credit to the firm's leadership team.
The appointment deepens the alignment between Runway and BC Partners Credit, which acquired the firm in January 2025.