Runway Growth Capital Acquired by BC Partners Credit and Mount Logan Capital
- Editor
- Jan 30
- 2 min read
What's Happening: Runway Growth Capital LLC, a provider of growth loans to companies, has been acquired by BC Partners Credit and Mount Logan Capital. Runway 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 place.
The Key Moves:
BC Partners Credit and Mount Logan Capital have closed the acquisition of Runway Growth Capital LLC.
Runway will continue to serve as the investment adviser to private investment funds and Runway Growth Finance Corp. under a new investment advisory agreement.
Runway's current officers, senior management, and investment personnel are expected to continue in their roles.
By The Numbers :
BC Partners Credit is an $8 billion credit arm of BC Partners, an approximately $40 billion AUM alternative investment firm.
Runway Growth Capital provides senior term loans of $30 million to $150 million to fast-growing companies in the United States and Canada.
The transaction was previously announced in October 2024.
Key Quotes:
Ted Goldthorpe, Head of BC Partners Credit: "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."
David Spreng, Runway Founder and CEO: "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."
David Spreng: "Looking ahead, we believe Runway is positioned for growth, with more to offer borrowers than ever before and a strengthened team that widens our network of VC and PE sponsors."
The Bottom Line: The acquisition of Runway Growth Capital by BC Partners Credit and Mount Logan Capital aims to leverage BC Partners' extensive platform and resources to accelerate capital formation and diversify financing options for both investors and borrowers. This strategic move is expected to enhance Runway's capabilities in the venture debt and growth sectors, potentially leading to increased originations and expanded offerings for target companies and sponsors.
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