Runway Growth Finance has taken another step forward in its ambitious expansion plans, tapping the publicly traded unsecured debt market. We review what the BDC has done and how this fits into a bigger picture.
We review Runway Growth Finance’s IQ 2022 portfolio update less for an insight into the BDC’s likely earnings but as a prospective window into the pace of recent investment activity in the venture debt segment of the market.
All the markets dropped sharply on Wednesday, including the BDC sector. There was also plenty of news including a departing director; a new portfolio company and an unchanged distribution, not to mention Saratoga’s latest results.